Mazgoan Dock IPO Review, Dates, Allotment, Lot Size, Subscription & Expert Analysis

Mazgoan Dock IPO is public offer of shares from Mazagon Dock Shipbuilders Limited. A leading Shipbuilding company in the industry and promoted by government of India. Company founded in 1934 and headquartered located in Mumbai, Maharashtra, India. More than 8790+ employee works.

Mazagon Dock Shipbuilders Limited provides services like Ship design, Ship building, Ship repair. Current Chairman & MD of company is Narayan Prasad. Mazagon Dock Shipbuilders Limited located in most famous mazagon dock which is famous for huge fish market in Mumbai.

Company show Revenue of₹5,289.53 crore (US$740 million) in 2019 & Operating income of ₹830.78 crore (US$120 million) in 2019, Net income of ₹519.40 crore (US$73 million) in 2019, Total assets of Increase ₹20,402.11 crore (US$2.9 billion) in 2019, Total equity of ₹2,805.89 crore (US$390 million) in 2019

Key Points

  • India’s biggest shipbuilding company.
  • Promoted by government of India.
  • Good Reputation.
  • Profit Making Company.
  • low competition.

Mazgoan Dock Issue Details

IssueDetails
NameMazgoan Dock
Issue Opens29-Sep-2020
Issue Closes01-Oct-2020
IPO TypeBook Built Issue IPO
ExchangeBSE, NSE
Face Value₹10 per equity share
Issue Size (crore)Total 30,599,017 Eq Shares
(overall up to ₹ 443.70 crore)
Fresh IssueNIL
Price Band₹135 to ₹145 per equity share
No. of shares on offer (crore)3,05,99,017 Equity Shares
QIB (%)Up to 50% (1,51,26,750 Equity Shares)
Non-Institutional (NII)UP to 15% (45,38,025 Equity Shares)
Retail (%)Up to 35% (1,05,88,725 Equity Shares)
Minimum Lot Size103 shares (1 Lots)
₹14,935 for 1 lot
Maximum Lot Size1339 shares (13 Lots)
₹194,155 for 13 lots
Minimum Order Quantity103 shares
Employee DiscountReservation of Up To 3,45,517 Equity Shares.
₹135 Per Equity Share

Mazgoan Dock IPO Issue Size

Issue 30,599,017 Equity Shares
Fresh IssueNIL
Offer for Sale30,599,017 Equity Shares

Mazgoan Dock IPO Share Allocation Category Wise

  • Qualified Institutional Buyer (QIBs): 50%
  • Retail Individual Investors: 35%
  • Non-Institutional Investors: 15%

Shareholding Pattern Pre & Post Issue (%)

Shareholder NamePre-Issue Stake%Post-Issue Stake%
Promoter
(Government of India)
100%85%

Objectives of Mazgoan Dock IPO

  • The first objective is to raise Rs 445 crore to Rs 450 crore.
  • Increase the company’s value up-to Rs 3000 crore.
  • 3,05,99,017 equity shares have been offered for sale.
  • Increasing the brand value of the company.

Services Offered by Mazgoan Dock

  • Naval ships
  • Submarines
  • offshore platforms
  • Tankers
  • Bulk carriers
  • Platform supply vessels
  • Patrol boats

Mazgoan Dock Financial Details (INR in Crore,)

ParticularsFY17FY18FY19FY20
Revenue4,2745,0275,2045,535
Expenditure3,4444,3774,4264,787
Profit/Loss597456513458
Net Margin14.09.19.98.3

Mazgoan Dock Company Contact Information

Contact DetailsRegistrar
Mazagon Dock Shipbuilders Limited
Dockyard Road, Mazagon,
Mumbai – 400010
Maharashtra, India
Alankit Assignments Limited
205-208,
Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055
Phone: +91 22 2376 2000Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email:
investor@mazdock.com
Email:
mdl_ipo@alankit.com
Website
mazagondock.in
Website
alankit.com

Mazgoan Dock IPO Allotment Status

  • IPO Opening Date: 29 Sep 2020
  • IPO Closing Date: 01 Oct 2020
  • Final Allotment: 07 Oct 2020
  • Refunds: 08 Oct 2020
  • Transfer of shares to Demat accounts: 09 Oct 2020
  • listing Date: 12 Oct 2020

Listing Day Mazgoan Dock Listing Day Performance.

DetailsNSEBSE
Listing Date12 Oct 202012 Oct 2020
IPO Price₹145.00₹145.00
Open₹216.25₹214.90
High₹216.65₹216.95
low₹173.00₹171.95
Close₹173.00₹171.95
Volume3,596,52639,929,204
Listing Day P/L+19.32%+18.58%

Expert Reviews.

Expert NameSuggestion
Angel BrokingSubscribe
Anand Rathi OnlineSubscribe
Axis CapitalNone
Dilip DavdaSubscribe
Geojit SecuritiesSubscribe
GEPL CapitalSubscribe
HDFC SecuritiesNone
IIFL WealthSubscribe
Motilal OswalLong Term
Ventura SecuritiesSubscribe

Subscription Details

CategoryOffered SharesDAY 1
29-sep-20
DAY 2
30-sep-20
DAY 3
01-oct-20
QIB1,51,26,7500.04x2.83x89.71x
NII45,38,0250.78x4.96x678.88x
Retail1,05,88,7255.68x15.53x35.63x
Employee1,05,88,7250.28x1.04x3.88x
Total30,599,0172.10x7.52x157.41x

Mazgoan Dock IPO Lead Managers

Lead Manager(s)
YES Securities (India) Limited
Axis Capital Limited
Edelweiss Financial Services Limited
JM Financial Limited
Alankit Assignments limited
IDFC Securities limited

Company Promoters and Boards of Directors

Promoters of CompanyThe President Of India, Acting Through The Ministry Of Defence, Government Of India
Key peopleChairman & Managing Director: Narayan Prasad
Director (Corporate Planning & Personnel): T V Thomas
Director (Ship Building): RAdm A K Saxena
Director (Submarine & Heavy Engineering): Jasbir Singh
Director (Finance): Sanjeev Singhal

Mazgoan Dock IPO Grey Market Updates

  • Grey Market Premium price: ₹110 – ₹120
  • Kostak rate: ₹450
  • Sauda: ₹8000

Mazgoan Dock IPO Ratings & Reviews

BenchmarksRatings
Business Model4.5/5
Industry Analysis4.5/5
Competitive Advantage4/5
Management4.5/5
Corporate Governance4/5
Company Reports4.5/5
Evaluate Balance Sheets4/5
Financial Performance4.5/5
Quality Of Earnings4.8/5
Top Broker Reviews4/5
Overall Rating4.5/5

Mazgoan Dock Competitive Peers

Company NameRevenue
(Crore)
Net Income
(Crore)
Earning Per ShareProfit After Tax
(Crore)
Mazgoan Dock₹5,289.53₹830.7823.85₹519.40
Garden Reach Shipbuilders₹1,658.79₹163.4812.08₹163.48 cr
Cochin Shipyard Ltd₹3,669.99₹637.6942.58₹632.01

FAQs for Mazgoan Dock IPO

1.What is Mazgoan Dock IPO?

Ans: This IPO offer by Mazagon Dock Shipbuilders Limited. Company planning to expand capital by listing on BSE, NSE.

2.How do I apply for the Mazgoan Dock IPO?

Ans: Anyone having demat account are eligible for application. There are two method available for application.
ASBA Payment Method: The net-banking facility available for online IPO application.
UPI Payment Method: By using UPI payment method for application process.

3.What is the Mazgoan Dock IPO issue date?

Ans: Mazgoan Dock IPO issue period is from 29 Sep 2020 to 01 Oct 2020.

4.What is the Mazgoan Dock IPO allotment date?

Ans: Allotment date is 07 Oct 2020 and share will transfer to your demat account on 09 Oct 2020.

5.What if Mazgoan Dock IPO Shares not allotted to me?

Ans: Suppose Mazagon Dock Shipbuilders shares not allotted to you than refund will be credited to your linked bank account.

6.How to Apply Mazgoan Dock IPO through Zerodha?

Ans: Zerodha customers can apply for Yes Bank through UPI’s payment gateway by Zerodha Console. Pls follow Below steps.
login to console.zerodha.com
Portfolio<<IPOs
Get the list of current listed IPOs.
You can apply for an IPO online.

7.What is the Mazgoan Dock IPO Listing date?

Ans: Listing date for this IPO is 12 Oct 2020.

8.Is there any other Mazgoan Dock IPO Listing later this year?

Ans: There is no such information available regarding the further listing of Mazgoan Dock IPO.

9.Will I get a discount if I am Yes Bank Employee?

Ans: No discount for employee but 3,45,517 shares reserved for employee of the company.

10.What is the Lot Size of Mazgoan Dock IPO?

Ans: Minimum 103 shares (1 lot) is available. One share price is ₹145 so 1 lot of 103 shares will be ₹14,935.

11.What is the face value of Mazgoan Dock IPO?

Ans: Face value is ₹ 10 Per Equity Share.

12.What Mazgoan Dock IPO symbols in NSE & BSE?

Ans: NSE: MAZDOCK, BSE: 543237

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