Shipbuilding PSU constructs warships and submarines and merchant ships for Defense sector.
Mazagon Dock Shipbuilders Limited (MDL), 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). It has capability to build warships, submarines, merchant ships upto 40,000 DWT since 1979.
It was incorporated as a Private Limited Company in 1934. After its takeover by the Government in 1960, Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships for the Navy and offshore structures for the Bombay High. It has grown from a single unit, small ship repair company, into a multi-unit and multi-product company. Since 1960, MDL has built total 795 vessels including 25 warships, from advanced destroyers to missile boats and 3 submarines. It is located on the west coast of India, the sea route that connects Europe, Pacific Rim, and West Asia.
Through this IPO, Mazgaon Dock is looking to raise ₹ 438.7 Crores primarily divestment plan consists of Offer for sale and general corporate purpose.
Promoters of Mazgaon Dock are Hon President of India, Government of India and others
Mazgaon Dock Shipbuilding IPO issue would start for subscription on 29-Sep-20 till 1-Oct-20 with price band of ₹ 135 to ₹ 145 per share.
Mazgaon Dock is providing following services:
- Shipbuilding and Repairing
- Construction of warships, submarines and merchant ships
- Catering to Defense sector
Key Management
| Vice Admiral Narayan Prasad (IN Retd) | Chairman |
| Commodore T V Thomas (IN Retd) | Director (Corporate Planning & Personnel) |
| RAdm A K Saxena, (IN Retd) | Director (Shipbuilding) |
| Cdr. Jasbir Singh, (IN Retd) | Director (Submarine & Heavy Engineering) |
| Shri Sanjeev Singhal | Director (Finance) |
| Vijayalakshmi Kumar | CS & Compliance Officer |
Mazagon Dock IPO Snapshot
| Issue Open | 29-Sep-2020 |
| Issue Close | 1-Oct-2020 |
| Face Value | ₹ 10/- |
| Price Band | ₹ 135 to ₹ 145 (Including premium of Rs 125 to Rs 135 per share) |
| Discount | Nil |
| Bid Lot | 103 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Mazgaon Dock Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹ 438.7 Crores | ₹ - Crores |
| QIB Portion | ~49% | 89.7 times |
| NII Portion (Application for lot size of 15 & above) | ~15% | 678.9 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~35% | 35.6 times |
| Employees Portion | ~1% | 3.88 times |
| Existing Shareholders Portion | N/A | N/A |
| Total | 100% | 157.4 times |
Indicative Dates
| Issue Open | 29-Sep-2020 |
| Issue Close | 1-Oct-2020 |
| Anchor Investor Bidding | One working day prior to Issue opening date 28-Sep-2020 |
| Announcement of Allotment | 7-Oct-2020 |
| Initiation of Refunds | 8-Oct-2020 |
| Credit of Shares | 9-Oct-2020 |
| Listing | 12-Oct-2020 |
Lead Managers of Mazagon Dock IPO
List of Book Running and Lead/Co-Lead Manager/s
| Yes Securities (India) Limited |
| Axis Capital Limited |
| Edelweiss Financial Services Limited |
| DAM Capital Advisors Limited (Formerly IDFC Securities Ltd. |
| JM Financial Limited |
Registrar of Mazagon Dock IPO
| Alankit Assignments Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 438.7 Cr. |
| Pre-Issue Promoter's Holding | % |
| Post Issue Promoter's Holding | % |
| Pre-Issue Shares | ₹- Crores |
| Post Issue Shares | ₹- Crores |
| Post Issue Market Cap (based on Price band) | ₹ to ₹ Crores |
Address of Mazagon Dock IPO
| Name | Mazagon Dock Shipbuilding Ltd. |
| Corporate Identity Number | U35100MH1934GOI002079 |
| Contact Person | Vijayalakshmi Kumar, Company Secretary and Compliance Officer |
| Registered Office | Dockyard Road, Mumbai - 400010, Maharashtra, India. Telephone: +91 22 2376 2000 |
| Website | https://mazagondock.in/ |
| investor@mazdock.com |
Check Allotment Status of Mazagon Dock Shipbuilding IPO
| Please check below or visit here to check allotment status of Mazagon Dock IPO |
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| How to calculate bid Amount? For easyness, one can use below calculator to calculate amount required for bidding of applications Source: NPCI |
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