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Mazagon Dock IPO is a book built issue of Rs 443.69 crores. The issue is entirely an offer for sale of 3.06 crore shares.
Mazagon Dock IPO bidding started from September 29, 2020 and ended on October 1, 2020. The allotment for Mazagon Dock IPO was finalized on Wednesday, October 7, 2020. The shares got listed on BSE, NSE on October 12, 2020.
Mazagon Dock IPO price band is set at ₹135 to ₹145 per share. The minimum lot size for an application is 103 Shares. The minimum amount of investment required by retail investors is ₹14,935.
Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Edelweiss Financial Services Ltd, Jm Financial Limited and Yes Securities (India) Limited are the book running lead managers of the Mazagon Dock IPO, while Alankit Assignments Ltd is the registrar for the issue.
Refer to Mazagon Dock IPO RHP for detailed information.
| IPO Date | September 29, 2020 to October 1, 2020 |
| Listing Date | October 12, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹145 per share |
| Lot Size | 103 Shares |
| Total Issue Size | 30,599,017 shares (aggregating up to ₹443.69 Cr) |
| Offer for Sale | 30,599,017 shares of ₹10 (aggregating up to ₹443.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 201,690,000 |
| Share holding post issue | 201,690,000 |
Mazagon Dock IPO offers 30,599,017 shares. 15,126,750 (49.44%) to QIB, 4,538,025 (14.83%) to NII, 10,588,725 (34.60%) to RII, 345,517 (1.13%) to employees. 102,803 RIIs will receive minimum 103 shares and (sNII) and (bNII) will receive minimum 1,442 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 15,126,750 (49.44%) | NA |
| NII (HNI) Shares Offered | 4,538,025 (14.83%) | |
| Retail Shares Offered | 10,588,725 (34.60%) | 102,803 |
| Employee Shares Offered | 345,517 (1.13%) | NA |
| Total Shares Offered | 30,599,017 (100%) |
Mazagon Dock IPO opens on September 29, 2020, and closes on October 1, 2020.
| IPO Open Date | Tuesday, September 29, 2020 |
| IPO Close Date | Thursday, October 1, 2020 |
| Basis of Allotment | Wednesday, October 7, 2020 |
| Initiation of Refunds | Thursday, October 8, 2020 |
| Credit of Shares to Demat | Friday, October 9, 2020 |
| Listing Date | Monday, October 12, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 1, 2020 |
Investors can bid for a minimum of 103 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 103 | ₹14,935 |
| Retail (Max) | 13 | 1339 | ₹194,155 |
| Lot Size Calculator | |||
The President of India acting through the Ministry of Defence, GoI is the promoter of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 85% |
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.
Competitive Strength
• India's leading public sector defence shipyard company.
• World class infrastructure facilities.
• Strategic location at Mumbai on the west coast of India.
• Strong order book and financial position.
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 209,660.28 | 208,479.34 | 193,703.72 | 193,911.65 |
| Total Revenue | 55,353.07 | 52,046.74 | 50,276.29 | 42,748.63 |
| Profit After Tax | 4,770.59 | 5,324.74 | 4,961.73 | 5,982.58 |
The net proceed from the IPO will be used towards following objectives;
• To carry out the disinvestment plan of 30,599,017 equity shares by selling shareholders constitutes 15.17% of pre-offer equity share capital
• To achieve the benefits of share listing on the stock exchanges.
[Dilip Davda] MDSL, a Mini Ratna-1, has been a profit-making and dividend distributing PSU under MoD. It has orders worth Rs. 54000+ crore on hand which are to be completed in 6 to 7 years. Its financial track record so far has been indicating sustained top line with ups and down in PAT due to certain provisioning. Being a maiden IPO from a shipyard that builds destroyers and submarine is sure to catch fancy post listing. Investors may consider investment for the medium to long term perspective in this reasonably priced issue. Read detail review...
The Mazagon Dock IPO is subscribed 157.41 times on October 1, 2020 6:00:07 PM. The public issue subscribed 35.63 times in the retail category, 89.71 times in the QIB category, and 678.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 2631972 times
| Category | Subscription (times) |
|---|---|
| QIB | 89.71 |
| NII | 678.88 |
| Retail | 35.63 |
| Employee | 3.88 |
| Total | 157.41 |
| Listing Date | October 12, 2020 |
| BSE Script Code | 543237 |
| NSE Symbol | MAZDOCK |
| ISIN | INE249Z01012 |
| Final Issue Price | ₹145 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹145.00 |
| ₹216.25 |
| ₹173.00 |
| ₹216.65 |
| ₹173.00 |
| NSE |
|---|
| ₹145.00 |
| ₹214.90 |
| ₹171.95 |
| ₹216.95 |
| ₹171.95 |
Mazagon Dock Shipbuilders Limited
Dockyard Road, Mazagon,
Mumbai - 400010
Phone: 91 22 2376 2000
Email: investor@mazdock.com
Website: https://mazagondock.in/
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: abhijitd@alankit.com
Website: http://ipo.alankit.com/
No, there is 'no discount' for employees in Mazagon IPO. They have an employee category that has 345,517 shares reserved for staff of the company.
There is no discount for retail investors in Mazagon IPO. The company has reserved 35% of the net offering for retail investors in the IPO.
Mazagon Dock IPO is a main-board IPO of 30,599,017 equity shares of the face value of ₹10 aggregating up to ₹443.69 Crores. The issue is priced at ₹135 to ₹145 per share. The minimum order quantity is 103 Shares.
The IPO opens on September 29, 2020, and closes on October 1, 2020.
Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mazagon Dock IPO using UPI as a payment gateway. Zerodha customers can apply in Mazagon Dock IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mazagon Dock IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mazagon Dock IPO opens on September 29, 2020 and closes on October 1, 2020.
Mazagon Dock IPO lot size is 103 Shares, and the minimum amount required is ₹14,935.
You can apply in Mazagon Dock IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mazagon Dock IPO will be done on Wednesday, October 7, 2020, and the allotted shares will be credited to your demat account by Friday, October 9, 2020. Check the Mazagon Dock IPO allotment status.
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RHP
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Radhakrishna Damani have purchased 40 lakhs and he is the 2 highest share holder of Magazon dock next to the government. Its Market cap is 3.5 k cores but the order book is 54000 cores This is the reason why today its started flying and it will fly more in comming days.