Mazagon Dock IPO Details

Mazagon Dock IPO Mazagon Dock Shipbuilders is a defence public sector undertaking shipyard with a maximum shipbuilding and submarine capacity of 40,000 DWT (Dead Weight Tonnage), engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. The company was conferred with the ‘Mini-ratna-I’ status in 2006 and is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy.

The company’s business divisions include (i) shipbuilding and (ii) submarine and heavy engineering. The shipbuilding division includes the building and repair of naval ships. It is currently building four P-15 B destroyers and four P-17A stealth frigates and undertaking repair and refit of a ship for the MoD for use by the Indian Navy. The submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. It is currently in the process of delivering five Scorpene class submarines under a technology transfer agreement with Naval Group as well as one medium refit and life certification of a submarine for the MoD for use by the Indian Navy. Since 1960, the company has built a total of 795 vessels including 25 warships, from advanced destroyers to missile boats and three submarines. Mazagon Dock has also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges and border outposts for various customers in India as well as abroad.

Promoter of Mazagon Dock Shipbuilders – The President of India

Mazagon Dock IPO details
Subscription Dates 29 September – 1 October 2020
Price Band INR135 – 145 per share 
Fresh issue Nil
Offer For Sale 30,599,017 shares (INR413.09 – 433.69 crore)
Total IPO size 30,599,017 shares (INR413.09 – 433.69 crore)
Minimum bid (lot size) 103 shares 
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

Mazagon Dock Shipbuilders’ financial performance (in INR crore)
  FY2017 FY2018 FY2019 FY2020
Revenue 4,274.9 5,027.6 5,204.7 5,535.3
Expenses 3,444.3 4,377.2 4,426.6 4,787.6
Net income 597.7 456.2 513.1 458.0
Net margin (%) 14.0 9.1 9.9 8.3

Registrar of Mazagon Dock IPO

Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055

Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email[email protected]
Website: www.alankit.com

Mazagon Dock Contact Details

Mazagon Dock Shipbuilders Limited 
Dockyard Road,
Mumbai – 400010

Phone: +91 22 2376 2000
Fax: 
+91 22 2372 5043
Email:
 [email protected]
Website: www.mazagondock.in

Valuation of Mazagon Dock Shipbuilders (as of FY2020)

Earnings Per Share (EPS): INR21.36
Price/Earnings (PE ratio): 6.32 – 6.79
Return on Net Worth (RONW): 15.54% 
Net Asset Value (NAV): INR152.17 per share

Mazagon Dock IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 15,126,750 0.04 2.83 89.71
NII 4,538,025 0.78 4.96 678.88
Retail 10,588,725 5.65 15.51 35.63
Employees 345,517 0.28 1.04 3.88
Total 30,599,017 2.09 7.51 157.41

Mazagon Dock IPO Analyst Reviews

HEM Securities – Subscribe
Ventura Securities – Subscribe
Choice Broking – Subscribe with Caution
Angel Broking – Subscribe
SMC Global – 3/5
Phillip Capital – Subscribe
CanaraBank Securities – Subscribe
Religare – Subscribe for Long Term
Investmentz – Subscribe for Long Term
ICICIdirect – Subscribe
BP Wealth – Subscribe

Mazagon Dock IPO Allotment Status

Mazagon Dock IPO allotment status is now available on Alankit Assignment’s website. Click on this link to get allotment status.

Listing Performance of Mazagon Dock Shipbuilders

IPO Opening Date: 29 September 2020 
IPO Closing Date: 1 October 2020
Finalisation of Basis of Allotment: 7 October 2020
Initiation of refunds: 8 October 2020
Transfer of shares to demat accounts: 9 October 2020
Listing Date: 12 October 2020
Opening Price on NSE: INR214.9 per share (up 48.21% from IPO price)
Closing Price on NSE: To be updated

3 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Brokerage-free IPO Investing with India's #1 Broker

X