Shipbuilding Company Mazagon Dock Shipbuilders Ltd to raise IPO

Mazagon Dock Shipbuilders Ltd.

Established in 1934, a defence public sector undertaking shipyard (under the Department of Defence Production, MoD) with a maximum shipbuilding and submarine capacity of 40,000 DWT (Source: CRISIL Report), engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. Company is wholly-owned by GoI, conferred with the 'Mini-ratna-I' status in 2006, by the Department of Public Enterprises. It is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. Also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India (Source: CRISIL Report).

The business divisions are (i) shipbuilding and (ii) submarine and heavy engineering. Shipbuilding division includes the building and repair of naval ships. Currently building four P-15 B destroyers and four P-17A stealth frigates for the MoD for use by the Indian Navy. Submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. Currently building five Scorpene class submarines under a transfer of technology agreement with Naval Group for the MoD for use by the Indian Navy. Since 1960, have built a total of 795 vessels including 25 warships, from advanced destroyers to missile boats and three submarines. Also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing travellers, barges and border outposts for various customers in India as well as abroad.

Shipyard is strategically located on the west coast of India, on the sea route connecting Europe, West Asia and the Pacific Rim, a busy international maritime route. Company is headquartered in Mumbai which is also the headquarters of the Western Naval Command of the Indian Navy. Also exploring the possibilities of developing a greenfield shipyard at Nhava, Navi Mumbai with a shiplift, wet basin, workshops, stores and buildings and a ship repair facility spread over an area of 40 acres.

Shipbuilding and submarine and heavy engineering divisions are both ISO 9001:2008 certified. 

Website: Click here

Management:

Name	Designation
Commodore Rakesh Anand, (IN Retd)	Chairman & MD
Commodore Rakesh Anand, (IN Retd)	Director (Submarine & Heavy Engineering)
Sanjiv Sharma	Director – Finance
Commodore T V Thomas, (IN Retd)	Director (Corporate Planning and Personnel)
Rear Admiral Anil K Saxena, (IN Retd)	Director (Shipbuilding)

IPO Snapshot: 

Particulars	Details
Dates	#-#-# to #-#-#
Face Value	Rs10/share
Price Band	Rs# - Rs#/share
Discount	--
Bid lot	# shares and multiples
Listing	NSE & BSE
Mode of Payment	ASBA (Mandatory)

Issue Details: 

Issue Size	Rs#mn
QIB	50%
NIB	15%
Retail	35%

Lead Managers	Axis Capital Ltd. Edelweiss Capital Ltd. IDFC Bank Ltd. JM Financial Consultants Ltd. Yes Bank Ltd.

Registrar: Alankit Assignments Ltd.

Allotment Status: Check Allotment status

Go to Alankit Website