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Mazagon Dock IPO Review

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

Rated 3.5/5 by Team InvestorGain
Mazagon Dock IPO Detail

Mazagon Dock IPO Details

IPO Issue Opening Date: 29th Sep 2020
IPO Issue Closing Date: 1st Oct 2020
IPO Issue Price: ₹135-145 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: 35.73
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹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
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 85%
Allotment Status: Allotment Status
BSE Code: 543237
NSE Code: MAZDOCK

Mazagon Dock IPO Important Dates

Get important updates regarding Mazagon Dock IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Mazagon Dock IPO dates
IPO Activity Date
Basis of Allotment Date* 7th Oct 2020
Refunds Initiation* 8th Oct 2020
Credit of Shares to Demat* 9th Oct 2020
IPO Listing Date* 12th Oct 2020

* - Tentative Dates

Mazagon Dock IPO Lots

IPO Activity Date
Issue Price ₹135-145
Market Lot: 103 Shares
1 Lot Amount: ₹14935
Min Small HNI Lots(2-10 Lakh): 1442 shares(14 lots)
Min Big HNI Lots(10+ Lakh):

Mazagon Dock IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
12-10-2020145105--₹250 (72.41%)12-Oct-2020 10:07
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Mazagon Dock

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 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 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.
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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 Offered15,126,750 (49.44%)4,538,025 (14.83%)10,588,725 (34.6%)345,51730,599,017
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 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

Company Address

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

Mazagon Dock IPO Registrar

Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi - 110055
Website: http://ipo.alankit.com/
Phone: (011) 4254 1234
Email: [email protected]
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 31-Jan-2021 23:45:52


User Reviews

6. CK Reddy Oct 01 2020 05:07:15 PM Reply
Heavily oversubscribed, allotment seems very very rare.
6.1. Kunal Oct 07 2020 07:28:15 AM
Link for an allotment, please?
6.2. CA Sachin Jain Oct 07 2020 07:28:54 AM
5. Avanthika Sep 18 2020 03:10:23 AM Reply
Mazagon Dock IPO expected listing gain.
4. Ravinder kumar Sep 18 2020 03:10:23 AM Reply
Please confirm Mazagon Dock IPO GMP (grey market premium) and kostak.
3. ram kishan Sep 18 2020 03:10:23 AM Reply
Mazagon Dock IPO good or bad.
2. Dushyant  Sep 18 2020 03:10:23 AM Reply
Mazagon Dock IPO whether to invest or not.
1. Rakesh gurjar Sep 18 2020 03:10:23 AM Reply
Mazagon Dock IPO - CRISIL Rating, Apply or not?.