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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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs 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 Date Sep 29, 2020 to Oct 1, 2020
Listing Date Monday, October 12, 2020
Face Value ₹10 per share
Price ₹135 to ₹145 per share
Lot Size 103 Shares
Issue Size30,599,017 shares of ₹10
(aggregating up to ₹443.69 Cr)
Offer for Sale30,599,017 shares of ₹10
(aggregating up to ₹443.69 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Mazagon Dock IPO Tentative Timetable

Mazagon Dock IPO opens on Sep 29, 2020, and closes on Oct 1, 2020. The Mazagon Dock IPO bid date is from Sep 29, 2020 10.00 A.M. to Oct 1, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 29, 2020
Closing Date Oct 1, 2020
Basis of Allotment Oct 7, 2020
Initiation of Refunds Oct 8, 2020
Credit of Shares to Demat Oct 9, 2020
Listing Date Oct 12, 2020

Mazagon Dock IPO Lot Size

The Mazagon Dock IPO lot size is 103 shares. A retail-individual investor can apply for up to 13 lots (1339 shares or ₹194,155).

Application Lots Shares Amount
Retail (Min) 1 103 ₹14,935
Retail (Max) 13 1339 ₹194,155

Mazagon Dock IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 85%

Mazagon Dock IPO Review

MDSL, a Mini Ratna-1, has been a profit-making and dividend distributing PSU under MoD. It has orders worth Rs. 54000+ crore on hand which are to be completed in 6 to 7 years. Its financial track record so far has been indicating sustained top line with ups and down in PAT due to certain provisioning. Being a maiden IPO from a shipyard that builds destroyers and submarine is sure to catch fancy post listing. Investors may consider investment for the medium to long term perspective in this reasonably priced issue. Read detail review...


Mazagon Dock IPO Subscription Status (Bidding Detail)

The Mazagon Dock IPO is subscribed 157.41 times on Oct 1, 2020 6:00:07 PM. The public issue subscribed 35.63 times in the retail category, 89.71 times in the QIB category, and 678.88 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 2631972 times

CategorySubscription (times)
QIB89.71
NII678.88
Retail35.63
Employee3.88
Total157.41

Mazagon Dock IPO Prospectus

Mazagon Dock IPO Rating

1938
4.3
Rating:Rated 4.3 stars
Vote Here ...

Mazagon Dock IPO Listing Date

Listing Date Monday, October 12, 2020
BSE Script Code 543237
NSE Symbol MAZDOCK
Listing In B Group of Securities
ISIN INE249Z01012
IPO Price ₹145 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹145.00
₹216.25
₹173.00
₹216.65
₹173.00
NSE
₹145.00
₹214.90
₹171.95
₹216.95
₹171.95

Company Contact Information

Mazagon Dock Shipbuilders Limited
Dockyard Road, Mazagon,
Mumbai - 400010

Phone: 91 22 2376 2000
Email: investor@mazdock.com
Website: https://mazagondock.in/

Mazagon Dock IPO Registrar

Alankit Assignments Ltd

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

Mazagon Dock IPO Questions

  1. 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. 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

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 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.

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.

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

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

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.

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.

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

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1770 Comments

798. girishkumarj |   Link |Nov 9, 2020 3:42:54 PM
Mazagon Dock : Flash News from CNBC 20 Mins back.

Radhakrishna Damani have purchased 40 lakhs and he is the 2 highest share holder of Magazon dock next to the government. Its Market cap is 3.5 k cores but the order book is 54000 cores This is the reason why today its started flying and it will fly more in comming days.
797. SHANI |   Link |Nov 3, 2020 4:21:27 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
intimation on bse for result sep-20

Pursuant to Regulation 29 read with Regulation 47 of the SEB (Listing Obligations and ~
Disclosure Requirements) Regulations, 2015, this is to inform, that a meeting of the Board ofDirectors of Mazagon Dock Shipbuilders Limited is scheduled to be held on Thursday, November,12 2020, inter alia, to consider and approve Unaudited Financial Results (Standalone & Consolidated) for the quarter ended September 30, 2020.
796. Trader Equity |   Link |Oct 21, 2020 1:45:26 AM
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 |   Link |Oct 19, 2020 4:40:56 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)

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 |   Link |Oct 20, 2020 1:49:52 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
result not available on bse , any reason to not declare result on 19-oct-20 after notification
794. Dhina |   Link |Oct 18, 2020 6:41:04 PM
Mazagon dock IPO amount still blocked in my ICICI bank account..How to release this? Whom I need to contact..
793. ipo kinggg |   Link |Oct 13, 2020 5:48:36 PM
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 |   Link |Oct 14, 2020 11:02:57 AM
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 |   Link |Oct 17, 2020 8:30:49 AM
Mail to support.upi@sbi.co.in ,fund will be release immedeatly
792. Bhavesh Prajapati |   Link |Oct 17, 2020 12:08:05 AM
Ipo laga nahi but money still blocked upi/icici bank????????????????????how this possible
792.1. XxxVinod |   Link |Oct 17, 2020 8:27:06 AM
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 |   Link |Oct 15, 2020 9:38:33 PM
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 |   Link |Oct 14, 2020 11:38:57 PM
My money still blocked in icici bank how to unblock my amount please sugest
789. Sachin Sarda |   Link |Oct 14, 2020 8:39:19 PM
Ultimately It will go below 100
788. Sachin Sarda |   Link |Oct 14, 2020 8:35:11 PM
This Government is destroying all psu look at.Bhel..Ongc Sail Ntpc Gail..all are.multi year low
787. Labhesh |   Link |Oct 14, 2020 6:30:54 PM
My money still blocked . . .
Kindly suggest the way how to unblock the amount
786. amit K singh |   Link |Oct 14, 2020 2:57:41 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ 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 |   Link |Oct 12, 2020 11:22:13 AM
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 |   Link |Oct 14, 2020 12:46:03 AM
IPO Mentor IPO Mentor (500+ Posts, 600+ Likes)
Great great great, Aniketbhai
785.13. JIgar A |   Link |Oct 14, 2020 12:22:05 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Thanks Aniketsir for reply....
784. ganesh jaiswal |   Link |Oct 14, 2020 7:41:12 AM
IPO Guru IPO Guru (1000+ Posts, 600+ 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 |   Link |Oct 13, 2020 4:37:36 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Sold all @ 180 today
Market is at peak
wanted to avoid risk
782. Black Swan |   Link |Oct 13, 2020 12:08:41 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Buy at around 175 levels target 200 shortly
782.2. Black Swan |   Link |Oct 13, 2020 12:44:41 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
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 |   Link |Oct 13, 2020 4:13:31 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
bse +nse 60 lacs ++ buyers .. good going
781. AjayKMali |   Link |Oct 13, 2020 11:34:40 AM
It is in green now. Stop spreading false news.
781.5. deep d |   Link |Oct 13, 2020 3:07:58 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
@AjayKMali
Just ignore the noise.
781.6. AjayKMali |   Link |Dec 9, 2020 1:08:15 PM
Is it worth waiting more or time to sell. Will it cross 216 in next 2-3 months. I have been holding since allotment.
780. VALUE INVESTOR |   Link |Oct 13, 2020 8:07:16 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ 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
780.2. rsk |   Link |Oct 13, 2020 8:48:35 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Sorry but if this is the knowledge level, how to justify badge you carry?
780.3. NAND KISHORE PARWAL |   Link |Oct 13, 2020 1:51:18 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I need not any from you. But if you don't want to understand the reason, then there is no way.
779. CanCob |   Link |Oct 13, 2020 1:23:29 PM
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.