Mazagon Dock IPO Review, Price Brand, Listing Date
Mazagon Dock Shipbuilders, incorporated in the year 1934, is the government of India’s defence PSU shipyard wing involved in the production and maintenance of submarines and warships for the ministry of defence which is then employed by the Indian Navy and other commercial clients.
Mazgaon Dock IPO Review In Details , Company Works & Fundamentals
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The public sector undertaking has the accomplishment of being capable of producing submarines and warships of the maximum capacity of 40,000 DWT (Dead Weight Tonnage).
The company seeing it’s exceptional and profitable track record was conferred with the coveted ‘Mini-Ratna-I’ status in the year 2006 by the government of India.
Mazgaon Dock is the only Indian shipyard till date to have built the conventional submarines and destroyers for the serving the Indian Navy.
The company’s major prospects include (i) ship manufacturing and (ii) production of the submarine and other heavy marine engineering products.
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The ship manufacturing wing is generally concerned with the manufacturing and repair of naval ships.
The company is currently working on the development of 4 P-15 B destroyers and 4 P-17A stealth frigates.
It is simultaneously involved in the repair and refit of an Indian Navy ship.
The submarine and heavy engineering wing of the company works on the different domains of diesel-electric submarines looking after their building, repairing and refitting works.
This wing is currently dedicated to delivering five submarines of the Scorpion class which involves a technology transfer agreement in accordance with a Naval Group.
It is also taking care of a medium refit and handling life certification of a submarine for the Indian Navy.
Since 1960, the PSU has built a humungous 795 marine vessels, this number including 25 warships, 3 submarines, 4 missile boats, 3 Godavari class frigates, 6 Leander class frigates, 3 Shivalik class frigates, 6 destroyers and 3 corvettes.
Mazagon Dock has been synonymous with the country’s naval dominance delivering cargo ships, supply vessels, passenger ships, water tankers, multipurpose support vessels, tugs, fishing trawlers, dredgers, barges, and other necessary border outposts and naval apparatus for numerous customers around the country and abroad.
The strategically located Mazgaon Dock which overlooks west coast of India makes it of utmost importance for the Indian trade as the adjoining sea route connects Europe, West Asia and Pacific Rim.
Mazgaon Dock Shipbuilder Insights-
• Country’s prominent public sector defence shipyard company.
• The company hosts world-class infrastructure.
• Mazgaon Dock is located at a strategic location in Mumbai on the west coast of India.
• The company has a strong order book and a firm financial position.
Company Promoter details-
The President of India participating through the Ministry of Defence, Government of India is the promoter of the company.
Summary of financial Information as on-
Particulars For the year/period ended (₹ in million)
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Assets worth | 209,660.28 | 208,479.34 | 193,703.72 | 193,911.65 |
| Revenue generated | 55,353.07 | 52,046.74 | 50,276.29 | 42,748.63 |
| Profit made after Tax deductions | 4,770.59 | 5,324.74 | 4,961.73 | 5,982.58 |
Objects of the Issue for applying the IPO
The gains from the IPO will used in completion of the following objectives-
• To fund the disinvestment plan of 30,599,017 company’s equity shares by selling shareholders.
This constitutes 15.17% of pre-offer equity share capital.
• To achieve the benefits of share listing on the stock exchanges.
Mazagon Dock IPO Review Details
| IPO issue Date | Sep 29, 2020 – Oct 1, 2020 |
| IPO issue Type | Book Built Issue IPO |
| IPO Issue Size | 30,599,017 equivalent shares costing ₹10(summing up to ₹443.69 Cr) |
| Offer for Sale | 30,599,017 equivalent shares costing ₹10 (summing 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 Quant. | 103 Shares |
| Listed at | BSE, NSE |
Mazagon Dock IPO Tentative Date / Timetable-
| Bid/Offer opening on | Sep 29, 2020 |
| Bid/Offer closing on | Oct 7, 2020 |
| Finalisation on | Oct 7, 2020 |
| Refund initiation | Oct 8, 2020 |
| Crediting of shares | Oct 9, 2020 |
| IPO Listing Date | Oct 12, 2020 |
Mazgaon Dock IPO Lot Size and Price-
Application Lots Shares Cut- off amount
Minimum 1Lot 103(Quantitate) ₹14,935
Maximum 13Lot 1339(Quantitate) ₹194,155
Company Contact details-
| Mazagon Dock Shipbuilders Limited | Dockyard Road, Mazagon, Mumbai – 400010 Phone: 91 22 2376 2000 |
| Phone: 91 22 2376 2000 | Email: investor@mazdock.com Website: https://mazagondock.in/ |
So the Verdict from Lowbrokers.com is that you can subscribe for listing gain of 20-30% and its totally depends on market condition
