IPO Details

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

About Mazagon Dock Shipbuilders Limited

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 Indias 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.

Company Promoters

The President of India acting through the Ministry of Defence, GoI is the promoter of the company.

Objects of the Issue:

The net proceed from the IPO will be used towards following objectives

  1. To carry out the disinvestment plan of [_] equity shares by selling shareholders constitutes [_%] of pre-offer equity share capital
  2. To achieve the benefits of share listing on the stock exchanges.

Peer Company:

The Peer Company is Cochin Shipyard which is trading at P/E of 13.61.

EPS(Earning per share):

The EPS would be 25. If they give P/E between 15-18, the Price could be in the range of (375-450).

The public issue of Mazagon Dock Shipbuilders Limited is available for subscription from 29/09 till 01/10. The public issue worth ₹ crore got subscribed 157.41 times. Mazagon Dock Shipbuilders Limited shares were trading at a premium of ₹137 - 145 per equity share in the grey market.

The Lot size for this IPO is 103 and is available at a price of ₹135 - 145

Based on the Company Financials, for 31-Mar-19, the companys Asset was ₹208,268.14 Cr, Revenue was ₹52,425.35 Cr and Profit was ₹5,345.99 Cr

Company Financials

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

Mazagon Dock Shipbuilders Limited IPO Reviews

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Subscription Details

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

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Mazagon Dock Shipbuilders Limited IPO FAQs

  1. When will Mazagon Dock Shipbuilders Limited IPO open?

    Mazagon Dock Shipbuilders Limited IPO will open on 29/09 and close on 01/10.

  2. What is the listing date of Mazagon Dock Shipbuilders Limited IPO?

    Mazagon Dock Shipbuilders Limited IPO will list on 12 Oct 2020.

  3. What is the offer price of Mazagon Dock Shipbuilders Limited IPO?

    The offer price of Mazagon Dock Shipbuilders Limited IPO is ₹135 - 145.

  4. What is the lot size of Mazagon Dock Shipbuilders Limited IPO?

    The lot size of Mazagon Dock Shipbuilders Limited IPO is 103.

  5. What is the Grey Market Premium (GMP) price of Mazagon Dock Shipbuilders Limited IPO?

    The Grey Market Premium (GMP) price of Mazagon Dock Shipbuilders Limited IPO is ₹137 - 145.

  6. What is the Kostak price of Mazagon Dock Shipbuilders Limited IPO?

    The Kostak price of Mazagon Dock Shipbuilders Limited IPO is ₹500.

  7. What is the Subject to Sauda price for Mazagon Dock Shipbuilders Limited IPO?

    The Subject to Sauda price for Mazagon Dock Shipbuilders Limited IPO is ₹10000.

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