Lets read the details about Mazagon Deck Shipbuilders IPO Review & its important facts like Mazagon IPO Size, IPO release date, IPO object, price band, Grey market price, Mazagon IPO allotment status, IPO subscription, Company’s background, etc.
Mazagon Dock Shipbuilders IPO Review & Ratings
|Mazagon IPO Ratings & Review|
|Top Brokers Review||6.4/10|
Summary of Mazagon Dock Shipbuilders IPO
Mazagon Dock Shipbuilders Limited, aptly called “Ship Builder to the Nation”, is India’s one of the leading Defence Public Sector Undertaking Shipyard under the Ministry of Defence.
Main activities are the construction of state-of-the-art warships and submarines with facilities situated at Mumbai and Nhava (under development).
As Mazagon Dock Shipbuilders is a PSU, it can be said that the Government of India, through the misnitry of Defence, will be the selling shareholder. The total number of equity shares available under the IPO to the general public is 22,410,000. Apart from this, certain shares would also be a part of the IPO but would be reserved for the eligible employees of the company.
The lead managers for Mazagon Dock Shipbuilders IPO are Yes Securities, Axis Capital, Edelweiss Financial, IDFC Bank and JM Financial. The Registrar to the Offer is Alankit Assignments Limited.
From FY 2017-2018 to FY 2018-2019, as per the Restated Financial Statements:
Mazagon Dock Shipbuilders has posted profits continuously in the last three Fiscals. Its total income was Rs. 43,211.26 million, Rs. 50,451.42 million and Rs. 52,425.35 million for Fiscals 2017, 2018 and 2019 respectively. The profit for the year was Rs. 5,956.20 million, Rs. 4,957.49 million and Rs. 5,345.99 million for Fiscals 2017, 2018 and 2019 respectively.
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Mazagon Shipbuilders IPO Date
The opening and the closing date of IPO of Mazagon Ship Builders IPO is awaited.
Mazagon Dock Shipbuilders IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|4th Day –|
|5th Day –|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated here.
Mazagon Dock Shipbuilders IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
|Basis of Allotment Finalization||NA|
|Credit of Shares to Demat Account||NA|
|Share Listing Date||NA|
Mazagon Shipbuilders IPO Price Band
The price band and related details of Mazagon Dock Shipbuilders would be updated post release of the IPO.
Mazagon Dock Shipbuilders IPO Issue Size
The Mazagon Dock Shipbuilders IPO consists of  equity shares to be offered to the public at large.
Mazagon Dock Shipbuilders IPO Size
While the IPO size is provided and disclosed at this stage, the total fund expected from IPO remains undisclosed and un-discussed.
Mazagon IPO Share Offerings
Mazagon Dock Shipbuilders Limited – Company Overview
This Company is a wholly-owned GoI company, is a defense public sector undertaking shipyard under the Department of Defence Production, Ministry of Defence (MoD). Mazagon Dock Shipbuilders Limited has a maximum shipbuilding and submarine capacity of 40,000 DWT and is engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients.
The ship building company was conferred with the ‘Mini-ratna-I’ status in 2006, by the Department of Public Enterprises. Mazagon Dock Shipbuilders Limited is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. They are also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India.
The business divisions in which Mazagon Dock Shipbuilders Limited operates are (i) shipbuilding and (ii) submarine and heavy engineering.
Business strategies of Mazagon Dock Shipbuilders Limited
- Export of our products to the international markets
- Focus on ship repair
- Augmentation of infrastructure and enhancing our manufacturing capacity
Mazagon Dock Shipbuilders Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
|Amount (in INR & Millions)|
|Profit After Tax|
Earnings per Equity Share (in millions)
|Earning per Equity Share (in INR)|
Mazagon Dock Shipbuilders Limited Promoters
Since Mazagon Dock Shipbuilders is a PSU, the promoter would be President of India, acting through MoD. Also, on the same account, the details relating to the interest of promoters in the Company are also not disclosed.
Key members of Mazagon Dock Shipbuilders Limited:
- Rakesh Anand (Chairman and Managing Director)
- Rajiv Lath (Director – Submarine & Heavy Engineering)
- Sanjiv Sharma (Director -Finance and Chief Financial Officer)
Mazagon Dock Shipbuilders IPO Offer Details or Issue Details
|Offer||[●] Equity Shares aggregating to Rs. [●] million|
|Employee Reservation Portion||[●] Equity Shares aggregating to Rs. [●] million|
|The Net Offer||28,012,500 Equity Shares aggregating to Rs.[●] million|
|(A) QIB Portion||14,006,250 Equity Shares|
|Mutual Fund Portion||700,313 Equity Shares|
|Balance of QIB portion for all QIBs including|
|13,305,937 Equity Shares|
|(B) Non-Institutional Category||Not less than 4,201,875 Equity Shares|
|(C) Retail Category||Not less than 9,804,375 Equity Shares|
|Equity Shares outstanding prior to the offer||224,100,000 Equity Shares|
|Equity Shares outstanding after the Offer||224,100,000 Equity Shares|
Mazagon Dock Shipbuilders IPO Issue Object
The objects of the Offer are to (i) to carry out the disinvestment of equity Shares by the Selling Shareholder constituting and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges. Company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholder.
Mazagon Dock Shipbuilders IPO – Basis of the Offer Price
The Offer Price of the IPO will be determined by Mazagon Dock Shipbuilders in consultation with the Selling Shareholder and the lead managers. This would be determined on the basis of evaluation of market demand for the Equity Shares determined through the Book Building Process and on the basis of quantitative and qualitative factors.
The qualitative factors impacting the Offer Price are:
- Only public sector defense shipyard constructing conventional submarines;
- World class infrastructure capable of serving the requirements of the Ministry of Defense;
- Location of facilities promotes closer association with vendors and customers;
- Increase in indigenisation of vessels and implementation of the “Make in India” campaign
- Established track record with strong financial position and strong Order Book; and
- Experienced board and senior management team and skillfully trained workforce.
The quantitative factors which influence the offer price are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
- Competitive Peers:
|Sr. No.||Particulars||Face Value (in Rs.)||EPS (In Rs.)||P/E Ratio||RONW (%)||NAV (In Rs.)|
|3||Reliance Naval and Engineering Limited||10||(7.84)||–||–||19.65|
Mazagon Dock Shipbuilders IPO Lead Managers
|Yes Securities (India) Limited|
|Axis Capital Limited|
|Edelweiss Financial Services Limited|
|IDFC Bank Limited|
|JM Financial Limited|
Mazagon Dock Shipbuilders IPO Registrar to the Offer
|Registrar of the Offer|
|ALANKIT ASSIGNMENTS LIMITED|
Address: Alankit Heights, 1E/13 Jhandewalan Extension,
New Delhi – 110055
Telephone: +911- 4254 1952/54
Facsimile: +911-4154 3474
Email: [email protected]
Investor Grievance ID: [email protected]
Contact Person: Pankaj Goenka /Bojimon KH
SEBI Registration Number: INR000002532
Mazagon Dock Shipbuilders IPO Grey Market Premium
The Mazagon Dock Shipbuilders IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Mazagon Dock Shipbuilders IPO News
News 1 – Download DRHP Prospectus
News 2 – Download RHP Prospectus
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