Mazagon Dock IPO Review

IPO Status: Closed [29th Sep 2020 to 1st Oct 2020]

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About Mazagon Dock IPO

Mazagon Dock – India’s only defence public sector undertaking Shipyard IPO will open on 29th Sep and closes on 1st October. Mazagon Dock IPO lot size is 103 shares and IPO price band is Rs135 - Rs145. Let’s get here the complete information on IPO dates, objectives, IPO allotment status, subscription, and GMP.

The IPO floor price is 13.5 times and cap price is 14.5 times of the face value of Rs. 10 per share. The Mazagon Dock IPO has 345517 shares for the Employees reservation portion. A discount of ₹0 per equity shares is offered to eligible Employees under Employee Quota.

Note: "*A discount of up to [?]% (equivalent to up to ₹[?] per Equity Share) on the Offer Price may be offered to Retail Individual Bidders (Retail Discount) and Eligible Employees (Employee Discount) bidding in the Retail Portion and the Employee Reservation Portion respectively."

Incorporated Year: 1934

Sector: Defence sector

Issue Size: 30,599,017 shares of Rs. 10 each

Employee Reservation: 345,517 shares

Website: https://mazagondock.in

About Company – Mazagon Dock Shipbuilders Limited

Headquartered in Mumbai, Mazagon Dock Shipbuilders Limited also called “Ship Builder to the Nation” is India’s only Defence Public Sector Undertaking (PSU) Shipyard under Ministry of Defece (MoD). The main business activities of Mazagon Dock are to construct state-of-the-art warships and submarines for the Indian Navy.

It has two key operating divisions; Shipbuilding and Submarine & Heavy Engineering. Shipbuilding division is engaged in building and repairing of naval ships, however, submarine and heavy engineering division is engaged in building, refitting, and repairing of diesel electric submarines. The company also manufactures other vessels such as cargo ships, supply vessels, multipurpose support vessels, dredgers, barges, fishing trawlers, water tankers, etc. for commercial clients in India and abroad as well.

Since 1960, it has built 795 vessels, including 25 warships from advanced destroyers to missile boats and 3 submarines.

Mazagon Dock IPO Objective

The key objectives of Mazagon Dock IPO are pointed here as under:

  • To undertake the disinvestment plan of 30,599,017 equity shares by selling shareholders constitutes 15.17% of equity share capital.
  • To get the share listing benefits on both the BSE and NSE stock exchanges.

Mazagon Dock IPO Details

Mazagon Dock IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Mazagon Dock IPO Details
Mazagon Dock Issue Details Values
IPO Category Mainline
IPO Issue Type Book Built Issue IPO
IPO Issue Size 30,599,017 shares at Rs 135-145 each [Aggregating upto ₹443.69 Cr.]
Offer for Sale 30,599,017 shares at Rs 135-145 each [Aggregating upto ₹443.69 Cr.]
Face Value ₹10 Per Equity Share
IPO Issue Price ₹135-145
IPO Discount
Market Lot 103 Shares
Min Retail Qty 103 share (1 lot)
Max Retail Qty 1339 shares (13 lot)
Promoter Holding Pre IPO 100%
Promoter Holding Post IPO 85%
IPO Listing At BSE, NSE
BSE Code 543237
NSE Code MAZDOCK

Mazagon Dock IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 15,126,750 Shares
  • Non-Institutional Investors: 4,538,025 Shares
  • Retail Individual Investor: 10,588,725 Shares
  • Employees Quota: 345,517 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered15,126,7504,538,02510,588,725345,51730,599,017
129th Sep 2020 17:020.00x0.24x2.77x0.13x1.00x
230th Sep 2020 17:022.83x4.96x15.53x1.04x7.52x
31st Oct 2020 18:0289.71x678.88x35.63x3.88x157.41x

Mazagon Dock Financials for past 3 Years

Past performance and financial results of Mazagon Dock.

Mazagon Dock financial
Mazagon Dock IPO Financials 31-Mar-2020 31-Mar-2019 31-Mar-2018 31-Mar-2017
Total Assets ₹20,966.02 Cr ₹20,847.93 Cr ₹19,370.37 Cr ₹19,391.17 r
Total Revenue ₹5,535.31 Cr ₹5,204.67 Cr ₹5,027.63 Cr ₹4,274.86 Cr
Net Profit/Loss ₹477.06 Cr ₹532.47 Cr ₹496.17 Cr ₹598.26 Cr

Mazagon Dock IPO Strengths

  • India's only shipyard to build conventional submarines and destroyers for the Indian Navy.
  • Well-integrated infrastructure facility to serve Ministry of Defence requirements.
  • Prime location advantage at Mumbai on the west coast of India.
  • Strong long term financial track record.

Mazagon Dock IPO Threats/Weaknesses

  • Dependencies over MoD for defence orders.
  • Decline, delay, and reprioritisation in the Indian Navy Budget.
  • Non-compliance with the MoD provisions contract will adversely affects its business operations.

Mazagon Dock IPO Important Dates

In this section we have covered all important dates related to Mazagon Dock IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Mazagon Dock IPO important dates
IPO Activity Date
IPO Issue Open Date 29th Sep 2020
IPO Issue Close Date 1st Oct 2020
Basis of Allotment Finalisation Date* 7th Oct 2020
Refunds Initiation* 8th Oct 2020
Credit of Shares to Demat Account* 9th Oct 2020
IPO Listing Date* 12th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

Mazagon Dock IPO Draft Prospectus >>Document

Mazagon Dock IPO Red Herring Prospectus >>Document

Mazagon Dock IPO Allotment Status >>Link

Company Address

Mazagon Dock Shipbuilders Ltd
Dockyard Road,
Mumbai-400010
Website: https://mazagondock.in/
Email: [email protected]
Phone: 91 22 2376 2000

Registrar

Alankit Assignments Ltd
: 205-208, Anarkali Complex,
Jhandewalan Extension,
New Delhi 110055

Lead Manager

  1. Yes Securities (India) Limited
  2. Axis Capital Limited
  3. Edelweiss Financial Services Limited
  4. IDFC Securities Limited
  5. JM Financial Limited
Mazagon Dock IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Mazagon Dock? Should I apply in Mazagon Dock IPO?

Last Updated on 2020-10-11T23:36:45+00:00

Mazagon Dock IPO FAQs

  1. 1. How to subscribe Mazagon Dock IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mazagon Dock IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mazagon Dock IPO with Zerodha.

    Alternate approch to apply in Mazagon Dock IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Mazagon Dock IPO Review and Important Updates

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  2. 2. How to apply in Mazagon Dock IPO online?

    Apply in Mazagon Dock IPO online

    To subscribe or apply in Mazagon Dock IPO, you can use the following methods:

    Mazagon Dock IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Mazagon Dock IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Mazagon Dock IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Mazagon Dock IPO. Most of the Syndicate Banks provide access to apply in Mazagon Dock IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mazagon Dock IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Mazagon Dock IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Mazagon Dock IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Mazagon Dock IPO?

    Applying in Mazagon Dock IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Mazagon Dock IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Mazagon Dock IPO, please refer article >> Link

    Mazagon Dock IPO Review and Important Updates

    Steps to download the online application form for Mazagon Dock IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 103 and max 1339 shares (13 lot).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Mazagon Dock IPO?

    Mazagon Dock IPO is going to be list on 12-10-2020. NSE Code for Mazagon Dock is MAZDOCK. BSE Code for Mazagon Dock is 543237.

    Other relevant questions:

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  5. 5. When Mazagon Dock IPO will be allocated?

    Mazagon Dock IPO Allotment Date is 7-10-2020.

    Other relevant questions:

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User Comments

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6. CK Reddy  10/1/2020 5:07:15 PM Reply
Heavily oversubscribed, allotment seems very very rare.
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6.1. Kunal  10/7/2020 7:28:15 AM
Link for an allotment, please?
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6.2. CA Sachin Jain  10/7/2020 7:28:54 AM
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5. Avanthika  9/18/2020 3:10:23 AM Reply
Mazagon Dock IPO expected listing gain.
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4. Ravinder kumar  9/18/2020 3:10:23 AM Reply
Please confirm Mazagon Dock IPO GMP (grey market premium) and kostak.
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3. ram kishan  9/18/2020 3:10:23 AM Reply
Mazagon Dock IPO good or bad.
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2. Dushyant   9/18/2020 3:10:23 AM Reply
Mazagon Dock IPO whether to invest or not.
avatar
1. Rakesh gurjar  9/18/2020 3:10:23 AM Reply
Mazagon Dock IPO - CRISIL Rating, Apply or not?.

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