DETAILS OF MAZAGON DOCK SHIPBUILDERS LIMITED IPO
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.
Company Promoters:
Company Financials:
|
Particulars |
For
the year/period ended (₹ 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 |
Objects of the Issue:
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.
Mazagon Dock IPO Details:-
|
IPO
Date |
Sep 29, 2020 - Oct 1, 2020 |
|
Issue
Type |
Book Built Issue IPO |
|
Issue
Size |
30,599,017 Eq Shares of ₹10 |
|
Offer for Sale |
30,599,017 Eq Shares of ₹10 |
|
Face
Value |
₹10 per equity share |
|
IPO
Price |
₹135 to ₹145 per equity
share |
|
Market
Lot |
103 Shares |
|
Min
Order Quantity |
103 Shares |
|
Listing
At |
BSE, NSE |
Mazagon Dock IPO Tentative Date / Timetable
|
Bid/Offer Opens On |
Sep 29, 2020 |
|
Bid/Offer Closes On |
Oct 1, 2020 |
|
Finalisation of Basis of
Allotment |
Oct 7, 2020 |
|
Initiation of Refunds |
Oct 8, 2020 |
|
Credit of Shares to Demat
Acct |
Oct 9, 2020 |
|
IPO Shares Listing Date |
Oct 12, 2020 |
Mazagon Dock IPO Lot Size and Price (Retail)
|
Application |
Lots |
Shares |
Amount (Cut-off) |
|
Minimum |
1 |
103 |
₹14,935 |
|
Maximum |
13 |
1339 |
₹194,155 |
Mazagon Dock IPO Promoter Holding
|
Pre Issue Share Holding |
100% |
|
Post Issue Share Holding |
85% |
