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Mazagon Dock Shipbuilders Limited IPO (Mazagon Dock IPO)

    Mazagon Dock IPO Details

    IPO DateSep 29, 2020 – Oct 1, 2020
    Issue TypeBook Built Issue IPO
    Issue Size30,599,017 Eq Shares of ₹10
    (aggregating up to ₹443.69 Cr)
    Offer for Sale30,599,017 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 Lot103 Shares
    Min Order Quantity103 Shares
    Listing AtBSE, NSE
    Mazagon Dock Shipbuilders IPO Date, Price, GMP, Review, Analysis & Details

    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 OnSep 29, 2020
    Bid/Offer Closes OnOct 1, 2020
    Finalisation of Basis of AllotmentOct 7, 2020
    Initiation of RefundsOct 8, 2020
    Credit of Shares to Demat AcctOct 9, 2020
    IPO Shares Listing DateOct 12, 2020

    Company Contact Information
    Mazagon Dock Shipbuilders Limited
    Dockyard Road, Mazagon,
    Mumbai – 400010

    Phone: 91 22 2376 2000

    Also Read: UTI AMC IPO Date, Price, GMP, Review, Analysis & Details

    Mazagon Dock Shipbuilders IPO FAQs

    What is Mazagon Dock Shipbuilders IPO?

    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.

    When will Mazagon Dock Shipbuilders IPO open?

    Mazagon Dock Shipbuilders IPO will open for subscription on Tuesday, September 29, and will close on Thursday, October 1.

    What is the issue size of Mazagon Dock Shipbuilders IPO?

    The government of India would be selling 3,05,99,017 shares through the issue.

    What is the Mazagon Dock share price?

    The face value of ₹10 aggregating up to ₹443.69 Crores. The issue is priced at ₹135 to ₹145 per equity share.

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