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Mazagon Dock Shipbuilders Limited IPO (Mazagon Dock Shipbuilders IPO) Detail

Incorporated in 1934, Mumbai based Mazagon Dock Shipbuilders Limited is a defense public sector undertaking shipyard engaged in the construction and repair of warships and submarines for the MoD.

It is a wholly-owned GoI company, conferred with the 'Mini-Ratna-I' status in 2006. The company is India's only shipyard to have built destroyers and conventional submarines for the Indian Navy.

The company operates under two business divisions - shipbuilding and submarine and heavy engineering. The shipbuilding division includes the building and repair of naval ships. The submarine and heavy engineering division include building, repair, and refits of diesel-electric submarines.

The Company has posted profits of ₹5,285.20 million, ₹6,025.09 million, ₹5,489.86 million and ₹2,667.80 million for 2015, 2016 and 2017 and for the six months period ended September 30, 2017, respectively.

Competitive Strengths-

1. India's only shipyard to build destroyers and conventional submarines for the Indian Navy
2. Edge over domestic peers owing to world-class infrastructure facilities at the shipyard combined with the vast expertise of the company
3. Strategic location facilitates closer association with the customers-MoD and Indian Coast Guard
4. Increase in indigenization of the vessels to boost the "Make in India" campaign
5. Posted profits for the last 3 fiscal years, strong financial position and order book

Company Promoters:

The Promoter of the company is the President of India acting through the MoD. The Promoter along with its nominees, currently holds 100% of the pre-Offer paid-up Equity Share capital of the Company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. Millions)
30-Sep-17 31-Mar-17 31-Mar-16
Total Assets 1,90,458.16 1,74,918.24 1,90,180.04
Total Revenue 20,433.57 42,862.59 48,792.72
Profit After Tax 2,857.92 5,956.20 6,244.91
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15 (Profroma)
Total Assets 2,06,028.54 1,89,871.39 1,86,997.78 1,82,017.97
Total Revenue 20,625.93 42,950.53 48,866.92 42,109.03
Profit After Tax 2,172.44 5,481.06 6,068.58 5,284.47

Objects of the Issue:

The objects of the Offer are to-
1. Carry out the disinvestment of Equity Shares by the Selling Shareholder
2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholder.

Mazagon Dock Shipbuilders IPO Details
Issue Open
Issue TypeBook Built Issue IPO
Issue Size22,410,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs - Rs Per Equity Share
Market Lot
Min Order Quantity
Listing AtBSE, NSE

Mazagon Dock Shipbuilders IPO Prospectus

Mazagon Dock Shipbuilders IPO Rating

377
3.9
Rating:Rated 3.9 stars

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Mazagon Dock Shipbuilders IPO Reviews / Ratings

Company Contact Information

Mazagon Dock Shipbuilders Limited
Dockyard Road
Mazagon
Mumbai - 400 010
Phone: +91 22 2376 2000
Fax: +91 22 2372 5043
Email: investor@mazdock.com
Website: http://www.mazagondock.in/

Mazagon Dock Shipbuilders IPO Registrar

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

Phone: (011) 4254 1234
Fax: (011) 4254 1967
Email: mdl_ipo@alankit.com
Website: http://www.alankit.com

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Mazagon Dock Shipbuilders IPO Review / Comments

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48. BABUKALIA  Sep 25, 2018 13:29 I Like It. | Report Abuse Reply
SBI ME REMOVE HO GAYA HE
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47. GrowYourMoney  Sep 9, 2018 15:34 I Like It. | Report Abuse Reply
No announcement till now on this IPO....
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46. Uchit Patel  Sep 9, 2018 11:45 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
Ircon International:

Listing gain is possible because asking price is attractive. Government set IPO price very reasonable same as RITES IPO.

On listing or near term after listing it should trade at P/E of 14-15. Trading price should be 550 - 600.

One should not forget that this is government company and listing should not be like HDFC.
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45. SJ  Sep 7, 2018 22:28 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
avatar
44. JSP  Sep 6, 2018 18:50 I Like It. | Report Abuse Reply
Dear Admin,

Please check - we cannot copy any post, is their any issue or its a modification from chittorgarh team.

Awaiting reply!
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43. SJ  Sep 6, 2018 16:15 I Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
IRCON : 17 - 19 SEP

Issue Size : 470 crore

Unlock : 26th
Credit : 27th
Listing : 28th

Lot size : 30
Price Band : 470 - 475
Retail Discount : 10

Min. Application : 13,950

Kostak : 300 - 350

LMs : -

SBI , AXIS , IDBI

Registrar : Karvy
avatar
42. SJ  Sep 6, 2018 16:10 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
IRCON : 17 - 19 SEP

Issue Size : 470 crore

Unlock : 26
Credit : 27
Listing : 28

Lot : 30
Band : 470-475
Discount : 10

Application : 13,950

Kostak : 300 - 350

LMs

SBI
AXIS
IDBI

Registrar : Karvy
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41. RAJAKUMAR  Sep 6, 2018 15:36 I Like It. 6 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Dear Admin,
Pls open a page for IROCON
IRCON ISSUE OPENS 17TH TO 19TH
PRICE BAND 470 TO 475
LOT SIZE 30 SHARES
RETAIL DISCOUNT RS.10
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40. SPARTA  Sep 6, 2018 13:31 I Like It. | Report Abuse Reply
Please suggest what can be done with shankara building products at the current level. Sell, buy more or wait
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39. Shriniwas  Sep 6, 2018 11:52 I Like It. | Report Abuse Reply
IRCON International - On 26 December 2017, there was a buyback at the rate of ₹386.72
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38. Shriniwas  Sep 6, 2018 11:42 I Like It. | Report Abuse Reply
Ircon International - As per RHP, there is Employee Discount of upto 5% and a yet-to-be-announced Retail Discount - Please wait for the price band before selling applications.
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37. Shriniwas  Sep 6, 2018 11:38 I Like It. | Report Abuse Reply
IRCON International IPO - Opens on 17 September. Closes on 19 September. Size - 99,05,157 shares.
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36. vandetta rice  Sep 6, 2018 09:29 I Like It. | Report Abuse Reply
sorry 1000rs after bonus and stock split
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35. vandetta rice  Sep 6, 2018 08:32 I Like It. 1 | Report Abuse Reply
very true psu stocks remains a laggard, but there is a catch guys if these stocks comes at resonable valuation they might become wealth creator for example nbcc comes at issue price of around 100 now see it is trading almost at level of 100
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34. sagar dasa  Sep 2, 2018 19:29 I Like It. 12 | Report Abuse Reply
Hi All,
Stop applying for Central government IPO's they never yield returns.. I am holding below Central government stocks which are trading below to ipo price
1. HUDCO bought at Rs: 60 (Ipo price) CMP 55
2. Gic bought at Rs: 850 (Ipo price) CMP 315 after bonus
Holding below Central government stocks showing negative returns few of them holding more than 8 years.
NIC
HAL
Shipping corporation of India
Coal india
Punjab and sindh bank
J&K bank
Sbi bought at (Rs 3,500/- before 1:10 split currently trading at 315)
PNB
Bhel (bought at Rs:350) in 2007
Biggest loss : IOB (bought at 150) in 2011
MTNL


Positives are
1. Power grid and
2. RITES
3. Cochin shipyard
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34.1. Ghatol  Sep 6, 2018 07:22 I Like It. 3 | Report Abuse
This is very true most PSU stocks underperform their private peers. The prices move in very unpredictable manner. And no sooner there are consecutive good news the government comes in as a spoil sport with OFS, FPO dividend stripping and what not.
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33. Ou Ai  Sep 4, 2018 19:30 I Like It. | Report Abuse Reply
@AnkurGoel
The oversubscription in L&T Info was 1.633. As per BSE site, clearing price for retail was 1751.00 I had applied at cutoff which actually is at 1751. I did not get the allotment. Do you have an idea why and how does this work? Thanks
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33.2. AnkurGoel  Sep 5, 2018 10:05 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
No idea good. I know that highest bidder get the priority and rest there is some kind of lottery system at clearing price if they are more bids then left over s.hares
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33.3. Ghatol  Sep 6, 2018 07:09 I Like It. 1 | Report Abuse
Unlike in IPOs it is nearly meaningless to apply at cut off as allotment is done at individual bidder's bid price. The highest bidders get allotment first and in case of under subscription does Cut Off kicks in.
avatar
32. AnkurGoel  Sep 5, 2018 21:27 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Angel broking files drhp. Planning to raise 600 crore.
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31. GrowYourMoney  Sep 5, 2018 13:08 I Like It. 4 | Report Abuse Reply
Govt doing all wrong things, reducing Margins of PSEs & Expecting Investors to pour Money.
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31.1. investormahesh  Sep 5, 2018 17:05 I Like It. 1 | Report Abuse
Nifty PSU bank Index 2.6.2014 3812, 31.8.2018 3316. Return of 4 years and 3 months negative 13%.
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30. Sooraj  Sep 3, 2018 11:32 I Like It. 1 | Report Abuse Reply
Experts view on Larsen & Toubro Infotech OFS ?
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30.12. investormahesh  Sep 4, 2018 20:33 I Like It. | Report Abuse
hello friends, is the time over to bid for l&t infotech ofs ? can we bid tomorrow ?
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30.13. ChotaKhatri  Sep 4, 2018 21:14 I Like It. | Report Abuse
When does Zerodha sends you order conformations for OFS?
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29. SJ  Sep 3, 2018 11:15 I Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
Most probable date 24-26
kostak 200-250( 3.5% discount to retailers may possible )

Lodha most likely : 17-19

Helmet maker 'studds' ( steelbird/SMK brand ) files for ipo

Happy Janmashtami to all forum members. JAY SHREE KRISHNA
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29.1. AnkurGoel  Sep 3, 2018 18:32 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
I think, studds and steel bird are two different company.
avatar
29.2. SJ  Sep 3, 2018 19:05 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
yes , my mistake.I was comparing the market share of each one.By the way , issue size is very small , below 100 cr. Co. needs money for the production and export of cycle helmet.

Interestingly , SEBI banned and frequently punished broker and former BSE president Anand Rathi also plans to jump in the market to raise 500 cr. Co.'s assets value is 17000 cr. and issue will be managed by jefferies.SEBI's response would be interesting.
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