IPO Status: Closed [29th Sep 2020 to 1st Oct 2020]
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
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.
The key objectives of Mazagon Dock IPO are pointed here as under:
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 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 |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 15,126,750 | 4,538,025 | 10,588,725 | 345,517 | 30,599,017 | 1 | 29th Sep 2020 17:02 | 0.00x | 0.24x | 2.77x | 0.13x | 1.00x | 2 | 30th Sep 2020 17:02 | 2.83x | 4.96x | 15.53x | 1.04x | 7.52x | 3 | 1st Oct 2020 18:02 | 89.71x | 678.88x | 35.63x | 3.88x | 157.41x |
Past performance and financial results of Mazagon Dock.
| 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 |
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.
| 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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Mazagon Dock IPO Draft Prospectus >>Document
Mazagon Dock IPO Red Herring Prospectus >>Document
Mazagon Dock IPO Allotment Status >>Link
Last Updated on 2020-10-11T23:36:45+00:00
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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To subscribe or apply in Mazagon Dock IPO, you can use the following methods:
| Mazagon Dock IPO Applying Mode | Method | Details |
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
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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
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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.
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Mazagon Dock IPO Allotment Date is 7-10-2020.
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