FinancialMatters.in

FinancialMatters.in

Mazagon Dock Shipbuilders Limited IPO (Mazagon Dock IPO): Price, Allotment, Listing, Subscription, Gmp

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 IPO
-18Days -9Hours -56Minutes -49Seconds

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)FY2017FY2018FY2019FY2020
Revenue4274.95027.65204.75535.3
Expenses3444.34377.24426.64787.6
Net income597.7456.2513.1458
Net margin (%)149.19.98.3

Mazagon Dock Ltd. IPO Details

Security TypeEquity
Issue PeriodSep 29, 2020 – Oct 1, 2020
IPO Market Timings10.00 am to 5.00 pm
Issue Size – No. of Shares30,599,017 Eq Shares of ₹ 10
(aggregating up to ₹433.69 Cr)
Price Band ₹135- ₹145 Per Share
Face Value10
Market Lot103 Shares
List atNSE, BSE
Shares to buy Today

Tentative Date/ Timetable of Mazagon Dock IPO

Bid/Offer Opens OnSep 29, 2020
Bid/Offer Closes OnOct 1, 2020
Finalisation of Basis of AllotmentOct 7, 2020
Initiation of RefundsOct 8, 2020
Credit of Shares to Demat AcctOct 9, 2020
IPO Shares Listing DateOct 12, 2020

Mazagon Dock IPO Latest Grey Market Premium (GMP)

DATEOFFER PRICEGREY MARKET PREMIUMKOSTAK RATES
30.09.2020₹145₹130-₹140₹500
29.09.2020₹145₹110-₹120₹450
28.09.2020₹145₹80-₹90₹350
25.09.2020₹145₹80-₹90₹350
24.09.2020₹145₹80-₹90₹350

IPO Subscription Details of Mazagon Dock Ltd.

SUBSCRIPTION (CATEGORY WISE)SHARES OFFEREDDAY 1DAY 2DAY 3
QIB15,126,7500.00x2.83x89.71x
NII4,538,0250.24x4.96x678.88x
Retail10,588,7252.77x15.53x35.63x
Employee (@135 per share)345,5170.13x1.04x3.88x
Total30,599,0171.00x7.52x157.41x

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
Email: investor@mazdock.com
Websitehttps://mazagondock.in/

Mazagon Dock IPO Registrar

Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055

Phone: (011) 4254 1234
Email: abhijitd@alankit.com
Website: https://www.alankit.com/

Featured Articles

What is IPO?
List of Upcoming IPOs 2020
Best Share Market Tips

Leave a Reply

Your email address will not be published. Required fields are marked *