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|
(aggregating up to ₹443.69 Cr)
|Offer for Sale||30,599,017 Eq Shares of ₹10|
(aggregating up to ₹443.69 Cr)
|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 Shipbuilders Ltd is India’s leading war-shipbuilding yard will open the initial public offer (IPO) on September 29 to October 1 of its equity shares of the face value of ₹10 each.
The issue will remain open for three days, Share allocation to be held on October 6 and On October 4, the stock will be listed on the stock exchange. The size of the market lot of this IPO is 103 shares, if you want to apply this IPO, then one lot of this IPO will be ₹15 thousand.
Mazagon Dock is a government company whose entire share is with the government, the government is selling 15.14% to the public through this offer for sale. So whatever money will be raised from this offer for sale will go to the government and not to the Mazagon Dock company.
Mazagon Dock Analysis:
Mazagon Dock Shipbuilders is started in 1934 and the company was nationalized in 1960. Mazagon Dock constructing and repairing warships and submarines for the Navy and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients.
If we look at the clients of the company then there is very limited. So most of the warships and submarines are built for the ministry of defense.
Mazagon Dock Financials
The company’s revenue has been 4886 crores in 2016, which has been gradually increased to 5566 crores by the year 2020. That is, compounded annual growth by 2.6%, which we can call a sluggish growth.
If we talk about company net profit, then in the financial year 2016, the company had a net profit of 568 crores, which instead of increasing, the work went on slowly, and by financial year by 2020, it had got 415 crores.
The main reason is the company has only one client which is the ministry of defense. The company mostly makes its product for the ministry of defense so, all the revenue has come from the ministry of defense. Hence the growth of the company has stalled due to the dependence on one client.
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|
|Company Contact Information|
|Mazagon Dock Shipbuilders Limited|
Dockyard Road, Mazagon,
Mumbai – 400010
Phone: 91 22 2376 2000
Mazagon Dock Shipbuilders IPO FAQs
Mazagon Dock Shipbuilders 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 equity share. The minimum order quantity is 103 Shares and one lot of this IPO will be ₹15 thousand.
Mazagon Dock Shipbuilders IPO will open for subscription on Tuesday, September 29, and will close on Thursday, October 1.
The government of India would be selling 3,05,99,017 shares through the issue.
The face value of ₹10 aggregating up to ₹443.69 Crores. The issue is priced at ₹135 to ₹145 per equity share.