| Issue Date | 29/09 - 01/10 |
| Issue Size | ₹ Cr |
| Issue Price | ₹135 - 145 |
| Market Lot | 103 Shares |
| Shares on Offer | 30,559,017 |
| Registrar | Alankit Assignments Ltd |
| GMP | ₹137 - 145 |
| Kostak | ₹500 |
| Subject to Sauda | ₹10000 |
| Listing Date | 12 Oct 2020 |
| Listing Price | ₹216.25 |
| Listing Gain% | 49.14 |
Mazagon Dock Shipbuilders Limited, aptly called “Ship Builder to the Nation”, is one of India’s leading Defence public sector undertaking shipyard under the Ministry of Defence. Main activities are construction of warships and submarines with facilities situated at Mumbai and Nhava (under development). They have the capability to build warships, submarines, merchant ships upto 40,000 DWT since 1979.
For outfitting work, the company has a large number of workshops with sophisticated equipment and machines specific to hull fabrication and ship construction work. The Company has qualified manpower to implement CAD/CAM/CIM using the latest ship design software’s, operating from a number of work stations having the latest computer hardware to provide, up to date design and production support, commensurate with for the yard’s capabilities. The workforce is well trained in various disciplines. Regular training programmes keep the men technologically abreast of the latest techniques of their profession.
Incorporated in 1934, Mazagon Dock Shipbuilders Ltd is the India's leading defence public sector undertaking shipyard under the Ministry of Defence. Mazagon Dock is primarily engaged in constructing and repairing warships and submarines for the MoD and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients. It is the only shipyard to build destroyers and conventional submarines to be used by the Indian Navy.
The business has 2 key operating divisions - Shipbuilding division that undertakes building and repairing of naval ships, whereas Submarine and heavy engineering division includes building, repairing, and refitting of diesel electric submarines. Till 2020, the company has built 795 vessels, including 25 warships, 4 missile boats, 3 submarines, 6 Leander class frigates, 3 Godavari class frigates, 3 Shivalik class frigates, 3 corvettes, and 6 destroyers.
Mazagon Dock shipyard is strategically located on the west coast of India, the sea route that connects Europe, Pacific Rim, and West Asia.
The President of India acting through the Ministry of Defence, GoI is the promoter of the company.
The net proceed from the IPO will be used towards following objectives
The Peer Company is Cochin Shipyard which is trading at P/E of 13.61.
The EPS would be 25. If they give P/E between 15-18, the Price could be in the range of (375-450).
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 208,268.14 | 193,443.71 | 193,647.27 |
| Total Revenue (In ₹ Millions) | 52,425.35 | 50,451.42 | 43,211.26 |
| Profit After Tax (PAT) (In ₹ Millions) | 5,345.99 | 4,957.49 | 5,956.20 |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 29 Sep 2020 | 0.04 | 0.78 | 5.65 | 2.09 |
| Day 2 - 30 Sep 2020 | 2.83 | 4.96 | 15.53 | 7.52 |
| Day 3 - 01 Oct 2020 | 89.71 | 678.88 | 35.63 | 157.41 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusMazagon Dock Shipbuilders Limited IPO will open on 29/09 and close on 01/10.
Mazagon Dock Shipbuilders Limited IPO will list on 12 Oct 2020.
The offer price of Mazagon Dock Shipbuilders Limited IPO is ₹135 - 145.
The lot size of Mazagon Dock Shipbuilders Limited IPO is 103.
The Grey Market Premium (GMP) price of Mazagon Dock Shipbuilders Limited IPO is ₹137 - 145.
The Kostak price of Mazagon Dock Shipbuilders Limited IPO is ₹500.
The Subject to Sauda price for Mazagon Dock Shipbuilders Limited IPO is ₹10000.
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