Mazagon Dock Shipbuilders Limited IPO (Mazagon Dock IPO) Detail

Sep 29, 2020 - Oct 1, 2020

Incorporated in 1934, Mazagon Dock Shipbuilders Ltd is the India's leading defence public sector undertaking shipyard under the Ministry of Defence. Mazagon Dock is primarily engaged in constructing and repairing warships and submarines for the MoD and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients. It is the only shipyard to build destroyers and conventional submarines to be used by the Indian Navy.

The business has 2 key operating divisions - Shipbuilding division that undertakes building and repairing of naval ships, whereas Submarine and heavy engineering division includes building, repairing, and refitting of diesel electric submarines. Till 2020, the company has built 795 vessels, including 25 warships, 4 missile boats, 3 submarines, 6 Leander class frigates, 3 Godavari class frigates, 3 Shivalik class frigates, 3 corvettes, and 6 destroyers.

Mazagon Dock shipyard is strategically located on the west coast of India, the sea route that connects Europe, Pacific Rim, and West Asia.

Competitive Strength

• India's leading public sector defence shipyard company.
• World class infrastructure facilities.
• Strategic location at Mumbai on the west coast of India.
• Strong order book and financial position.

Company Promoters:

The President of India acting through the Ministry of Defence, GoI is the promoter of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 209,660.28 208,479.34 193,703.72 193,911.65
Total Revenue 55,353.07 52,046.74 50,276.29 42,748.63
Profit After Tax 4,770.59 5,324.74 4,961.73 5,982.58

Objects of the Issue:

The net proceed from the IPO will be used towards following objectives;

• To carry out the disinvestment plan of 30,599,017 equity shares by selling shareholders constitutes 15.17% of pre-offer equity share capital
• To achieve the benefits of share listing on the stock exchanges.

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 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

Mazagon Dock IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1103₹14,935
Maximum131339₹194,155

Mazagon Dock IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding85%

Mazagon Dock IPO Subscription Status (Bidding Detail)

Mazagon Dock IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

15,126,750

4,538,025

10,588,725

345,517

30,599,017

Oct 1, 2020 18:00

89.71x

678.88x

35.63x

3.88x

157.41x

Mazagon Dock IPO Prospectus

Mazagon Dock IPO Rating

1938
4.3
Rating:Rated 4.3 stars

Vote Here ...

Mazagon Dock IPO Listing Date

Listing DateMonday, October 12, 2020
BSE Script Code543237
NSE SymbolMAZDOCK
Listing InB
ISININE249Z01012
IPO Price₹145 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹145.00
₹216.25
₹173.00
₹216.65
₹173.00
3,596,526
NSE
₹145.00
₹214.90
₹171.95
₹216.95
₹171.95
39,929,204

Mazagon Dock IPO Registrar

Alankit Assignments Ltd
   Alankit House 2E/21,
   Jhandewalan Extension,
   New Delhi - 110055

Phone: (011) 4254 1234
Email: abhijitd@alankit.com
Website: https://www.alankit.com/

Mazagon Dock IPO Questions

  1. 1. Does Mazagon Dock IPO have an employee discount?

    No, there is 'no discount' for employees in Mazagon IPO. They have an employee category that has 345,517 shares reserved for staff of the company.

     

  2. 2. Is there a discount for retail investors in Mazagon Dock IPO?

    There is no discount for retail investors in Mazagon IPO. The company has reserved 35% of the net offering for retail investors in the IPO.

     

Mazagon Dock IPO FAQs

  1. What is Mazagon Dock IPO?

    Mazagon Dock 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.

    The IPO opens on Sep 29, 2020, and closes on Oct 1, 2020.

    Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in Mazagon Dock IPO through Zerodha?

    Zerodha customers can apply online in Mazagon Dock IPO using UPI as a payment gateway. Zerodha customers can apply in Mazagon Dock IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Mazagon Dock IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Mazagon Dock IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Mazagon Dock IPO will open?

    The Mazagon Dock IPO opens on Sep 29, 2020 and closes on Oct 1, 2020.

  4. What is the lot size of Mazagon Dock IPO?

    Mazagon Dock IPO lot size is 103 Shares and the minimum order quantity is 103 Shares.

  5. How to apply for Mazagon Dock IPO?

    You can apply in Mazagon Dock IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Mazagon Dock IPO allotment?

    The finalization of Basis of Allotment for Mazagon Dock IPO will be done on Oct 7, 2020, and the allotted shares will be credited to your demat account by Oct 9, 2020. Check the Mazagon Dock IPO allotment status.

  7. When is Mazagon Dock IPO listing date?

    The Mazagon Dock IPO listing date is on Monday, October 12, 2020.

Mazagon Dock IPO Message Board

Ranked Members  Ranked Members

796. Trader Equity I Like It. | Report Abuse |Oct 21, 2020 00:45 Reply
Hi,
I applied in this IPO thru IndiaInfoLine and did payment via icici UPI but my amount is still blocked. In UPI application I can still see a Mandate which is active which was already accepted by me. Can anyone please help how to fix it. I have written to IIFL but no response till now.

thanks
795. SHANI I Like It. 1 | Report Abuse |Oct 19, 2020 15:40 Reply

from BSE - 17-OCT-20 NOTIFICATION - Please be informed that, pursuant to the SEBI(Prohibition of Insider Trading) Regulations, 2015 the Trading Window of the Company shall remain closed for dealing in securities of the Company for all the designated persons and their immediate relatives from Monday, October 19, 2020 till the completion of 48 hours after declaration of the Financial Results of the Company for the period ended September 30, 2020.
795.1. SHANI I Like It. | Report Abuse |Oct 20, 2020 12:49
result not available on bse , any reason to not declare result on 19-oct-20 after notification
794. Dhina I Like It. | Report Abuse |Oct 18, 2020 17:41 Reply
New Member New Member
Mazagon dock IPO amount still blocked in my ICICI bank account..How to release this? Whom I need to contact..
793. ipo kinggg I Like It. | Report Abuse |Oct 13, 2020 16:48 Reply
SBI has still not released the funds .. even the application status were "No Record Found" ... Can anyone pls confirm the SBI release status ... I am fed up with this IPO & Registrar ( alankit ) both at same time ... I talked to Registrar on phone .... he said we have already instructed bank to release ...The things now not in our hands ...
793.5. Naru I Like It. 1 | Report Abuse |Oct 14, 2020 10:02
New Member New Member
Even my amount is still blocked for Mazdock and not yet credited to SBI account. Can I know how to get rid of this issue. Whom we need to contact. 18Oct is last date for the Mandate.
793.6. XxxVinod I Like It. | Report Abuse |Oct 17, 2020 07:30
New Member New Member
Mail to support.upi@sbi.co.in ,fund will be release immedeatly
792. Bhavesh Prajapati I Like It. | Report Abuse |Oct 16, 2020 23:08 Reply
New Member New Member
Ipo laga nahi but money still blocked upi/icici bank😂😂😂😂😂how this possible
792.1. XxxVinod I Like It. | Report Abuse |Oct 17, 2020 07:27
New Member New Member
Alankit registrar already had given instruction to bank to unblock the fund. Contact to your bank upi support. Sbi mail is- support.upi@sbi.co.in.
Send mail with your ipo detail fund will be unblock immideatly
791. Srikanta Nahak I Like It. | Report Abuse |Oct 15, 2020 20:38 Reply
New Member New Member
I have applied on mazagon IPO , Money was successfully blocked by my bank. It was not allotted to me. Now even the Date of Blocking the money was over, but my money is still blocked by my Bank.
790. Bhavesh Prajapati I Like It. | Report Abuse |Oct 14, 2020 22:38 Reply
New Member New Member
My money still blocked in icici bank how to unblock my amount please sugest
789. Sachin Sarda I Like It. | Report Abuse |Oct 14, 2020 19:39 Reply
Ultimately It will go below 100
788. Sachin Sarda I Like It. | Report Abuse |Oct 14, 2020 19:35 Reply
This Government is destroying all psu look at.Bhel..Ongc Sail Ntpc Gail..all are.multi year low
787. Labhesh I Like It. | Report Abuse |Oct 14, 2020 17:30 Reply
My money still blocked . . .
Kindly suggest the way how to unblock the amount
786. amit K singh I Like It. | Report Abuse |Oct 14, 2020 13:57 Reply
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
As long as govt holds more than 50%, the psu stocks will be lagging the sensex.. it's better to exit psu stock Mazagon with a decent profit in listing.. not much expectations from this counter...
785. Market first I Like It. 27 | Report Abuse |Oct 12, 2020 10:22 Reply
Chittorgarh .com par IPO Guru to number of post increase Kar k koi v ban sakta hai, par Asli GURU to ek hi hain-
ANIKETIAF 👏👏👏👏
record oversubscription Aur lagbhag 180 RS Gray market premium k baad v ANIKETIAF sir ne Taal thok k kaha tha ki MAZAGON DON'T DESERVE A RATE of 200 rupees.
MAAN GAYE SIR JI
THE ONLY IPO MAHAGURU of CHITTORGARH COM🙏🏻🙏🏻
785.12. Roxpatel I Like It. 2 | Report Abuse |Oct 13, 2020 23:46
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Great great great, Aniketbhai
785.13. JIgar A I Like It. 2 | Report Abuse |Oct 14, 2020 11:22
Thanks Aniketsir for reply....
784. ganesh jaiswal I Like It. | Report Abuse |Oct 14, 2020 06:41 Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
In this IPO bazar of last two months, two consistent performer were Happiest mind and Route mobile. Both appreciate more than 100% of its issue price and still above listing price. Another good per former is Rossiary biotech. Chemcon as expected cold not sustain and going down everyday.
783. The BuLLz EyE I Like It. 2 | Report Abuse |Oct 13, 2020 15:37 Reply
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Sold all @ 180 today
Market is at peak
wanted to avoid risk
782. Black Swan I Like It. 6 | Report Abuse |Oct 13, 2020 11:08 Reply
Buy at around 175 levels target 200 shortly
782.2. Black Swan I Like It. 5 | Report Abuse |Oct 13, 2020 11:44
Am not optimistic on long term for PSU stocks however at these levels it is a value pick. Risk/Reward is favourable
782.3. SHANI I Like It. 2 | Report Abuse |Oct 13, 2020 15:13
bse +nse 60 lacs ++ buyers .. good going
781. Aniketiaf I Like It. 14 | Report Abuse |Oct 1, 2020 18:46 Reply
IPO Guru IPO Guru (1200+ Posts, 7500+ Likes)
Mazagon - A Very Good subscription figure recorded.
It may list at any rate....
But
It doesn't deserve a price above 200.
Like Chemcon, I will sell at listing.
Thanks.
781.12. VIJAY GALANI I Like It. | Report Abuse |Oct 12, 2020 17:02
DEAR ANKIT SIR
DO U HAVE ANY IDEA ABOUT WHEN CAN WE GET EXIT PRICE FROM UTIAMC.I.E 554/-
KINDLY ADVISE PLS.
TY
781.13. Anurup I Like It. | Report Abuse |Oct 13, 2020 15:03
IPO through ASBA,
Very Well said...
780. AjayKMali I Like It. | Report Abuse |Oct 13, 2020 10:34 Reply
It is in green now. Stop spreading false news.
780.4. AjayKMali I Like It. | Report Abuse |Oct 13, 2020 13:50
Yes you can post comment on share price. But don't give advice of buying or selling to me. if you can't stand to what you are saying then problem is with you. You 150 if far away. I told you wait for 7 days. If you don't have patience then just shut up.
780.5. deep d I Like It. 1 | Report Abuse |Oct 13, 2020 14:07
New Member New Member
@AjayKMali
Just ignore the noise.
779. VALUE INVESTOR I Like It. | Report Abuse |Oct 13, 2020 07:07 Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
I had one doubt on number of shares traded in mazagon. Can somebody clear it.
IPO Shares 3 crores, But if you add number of shares traded at BSE and NSE, it is around
43,525,730 Shares (4.3 crores)
So from where did this extra 1.3 crores shares come from?

IPO total shares      30,599,017                              
                                    
Day1      NSE Traded      NSE Delivery      NSE %      BSE Traded      BSE Delivery      BSE %
      39,929,204      18,338,845      45.93      3,596,526      1,516,855      42.18
779.2. rsk I Like It. 10 | Report Abuse |Oct 13, 2020 07:48
Sorry but if this is the knowledge level, how to justify badge you carry?
779.3. NAND KISHORE PARWAL I Like It. | Report Abuse |Oct 13, 2020 12:51
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I need not any from you. But if you don't want to understand the reason, then there is no way.
778. CanCob I Like It. | Report Abuse |Oct 13, 2020 12:23 Reply
Any moneycontrol pro user pls post research report posted on money control pro for Mazagoan , you can find it under news & research after opening mazagon.
777. rsk I Like It. 4 | Report Abuse |Oct 13, 2020 08:11 Reply
Garden Reach @ 200 is trading at 13PE. Mazdock @171 is trading at 7PE.
Mazdock has much superior competency/skill set compared to Garden reach.

NII's who have secured funding/Finance, got very little allotment (6.78 Cr invested would have got 600+ shares only), with requirement that these ppl need to clear trade on listing day in order to avoid extra interest burden (which is already more than normal due to public holidays etc)
There was rush to exit. May be happen today also to some extent.

Please use your own judgement as usual.
777.1. ipo share I Like It. | Report Abuse |Oct 13, 2020 11:05
But Cochin shipyard is trading at almost same valuation as Mazagaon.
777.2. rsk I Like It. | Report Abuse |Oct 13, 2020 11:21
Yes. Cochin is under shipping ministry, (not defence like mazdoc, garden) not like apple to apple.

With atmanirbhar keyword its different.
Although its true that shipping stocks are out of favor worldover.

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