Mazagon Dock Shipbuilders IPO is scheduled to open on 29 September and is priced in the range of INR135 – 145 per share. The public sector unit makes warships and submarines for the Indian Navy and other clients. Given the volatility in secondary markets in recent days has affected sentiments, the IPO is traded actively in the grey market and commands strong premium. Check out the latest Mazagon Dock IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.
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 has a long operating history and has delivered a total of 795 vessels since 1960. This includes 25 warships, from advanced destroyers to missile boats and three submarines. Although there is no discount for retail investors in this PSU IPO, the valuations are already very attractive and there is strong demand in informal market. Nevertheless, please note that Mazagon Dock IPO grey premium can vary a lot if secondary markets witness even more volatility. Therefore, it is wise to not base the investment decision on IPO GMP alone. Please contact your financial advisor before investing.
Mazagon Dock IPO GMP (Grey Market Premium) rates
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 10 Oct 2020 | 105 | – | – |
| 9 Oct 2020 | 100 | – | – |
| 8 Oct 2020 | 110 | 400 | 8,000 |
| 7 Oct 2020 | 100 | 350 | 8,000 |
| 6 Oct 2020 | 110 | 400 | 8,500 |
| 5 Oct 2020 | 110 | 400 | 9,000 |
| 3 Oct 2020 | 100 | 300 | 8,500 |
| 2 Oct 2020 | 110 | 450 | 9,500 |
| 1 Oct 2020 | 140 | 450 | 10,000 |
| 30 Sep 2020 | 130 | 400 | 9,500 |
| 29 Sep 2020 | 150 | 400 | 9,500 |
| 28 Sep 2020 | 120 | 400 | 7,500 |
| 26 Sep 2020 | 110 | 350 | 7,000 |
| 25 Sep 2020 | 100 | 300 | 6,500 |
| 24 Sep 2020 | 100 | 400 | 7,000 |
| 23 Sep 2020 | 100 | 300 | 7,000 |
Important points about IPO grey market and IPO GMP
IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.Â
IPO GMPÂ is the rate of premium an IPO commands per share in the informal grey market. This is the leading indicator of how the market perceives the IPO.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.
It it not illigal activity to confirm illigal act in legal way .
All such business is loss of STT and capital gain tax to government .evan money employees in the activity is black money .you are writing it means it persist .
Plz define in terms of profitability, expertise man power and future plans .
Please promote right way , unless sebi should start trade 14 days prior to offer or IPO .all transaction subject to allotment from particular application identification .
Very useful article for retail investors.