We have a detailed review of Mazagon Dock IPO. In this article will discuss release date, IPO offer price, subscription, Mazagon Dock IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Mazagon Dock Shipbuilders Limited, Mumbai, an ISO 9001: 2008 Company is one of the leading shipbuilding yard in India. The History of Mazagon Dock dates back to 1774, when a small dry dock was constructed in Mazagon.
Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It was incorporated as a Private Limited Company in 1934.
After its takeover by the Government in 1960, Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships for the Navy and offshore structures for the Bombay High. It has grown from a single unit, small ship repair company, into a multi-unit and multi-product company, with significant rise in production, use of modern technology and sophistication of products.
The company’s current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, MDL has built total 795 vessels including 25 warships, from advanced destroyers to missile boats and 3 subma8rines. MDL had also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessel, water tankers, tugs, dredgers, fishing trawlers, barges & border outposts for various customers in India as well as abroad. MDL have also fabricated and delivered jackets, main decks of wellhead platforms, process platforms, jack-up rigs etc.
Lead Managers of Mazagon Dock Ltd.
- Axis Capital Limited
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
- Edelweiss Financial Services Ltd
- JM Financial Consultants Private Limited
- Yes Securities (India) Limited
Financials of Mazagon Dock Ltd.
|Particulars (Rs. in Crores)||FY2017||FY2018||FY2019||FY2020|
|Net margin (%)||14||9.1||9.9||8.3|
Mazagon Dock Ltd. IPO Details
|Issue Period||Sep 29, 2020 – Oct 1, 2020|
|IPO Market Timings||10.00 am to 5.00 pm|
|Issue Size – No. of Shares||30,599,017 Eq Shares of ₹ 10|
(aggregating up to ₹433.69 Cr)
|Price Band||₹135- ₹145 Per Share|
|Market Lot||103 Shares|
|List at||NSE, BSE|
Tentative Date/ Timetable of Mazagon Dock IPO
|Bid/Offer Opens On||Sep 29, 2020|
|Bid/Offer Closes On||Oct 1, 2020|
|Finalisation of Basis of Allotment||Oct 7, 2020|
|Initiation of Refunds||Oct 8, 2020|
|Credit of Shares to Demat Acct||Oct 9, 2020|
|IPO Shares Listing Date||Oct 12, 2020|
Mazagon Dock IPO Latest Grey Market Premium (GMP)
|DATE||OFFER PRICE||GREY MARKET PREMIUM||KOSTAK RATES|
IPO Subscription Details of Mazagon Dock Ltd.
|SUBSCRIPTION (CATEGORY WISE)||SHARES OFFERED||DAY 1||DAY 2||DAY 3|
|Employee (@135 per share)||345,517||0.13x||1.04x||3.88x|
IPO Allotment status of Mazagon Dock
Mazagon Dock Shipbuilders IPO Allotment Status can be checked here by clicking to find the IPO Allotment Status. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders.
Company Contact Information
Mazagon Dock Shipbuilders Limited
Dockyard Road, Mazagon,
Mumbai – 400010
Phone: 91 22 2376 2000
Mazagon Dock IPO Registrar
Alankit Assignments Ltd
Alankit House 2E/21,
New Delhi – 110055
Phone: (011) 4254 1234