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Mazagon Dock Shipbuilders IPO – Review, Allotment Status, Subscription, Price, Date & more

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
CriteriaRatings
Industry Sentiments6.4/10
Industry Ranking6.5/10
Company Background6.2/10
Company Reputation6.4/10
Competitive Edge6.5/10
Financial Statements6.2/10
Popularity Index6.4/10
Promoters Reputation6.4/10
Retail Appetite6.8/10
Top Brokers Review6.4/10
Overall Ratings6.4/10
Star Ratings★★★★☆

Summary of Mazagon Dock Shipbuilders IPO

mazagon dock shipbuilders ipoMazagon 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 / DateQIBNIIRIITotal 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 FinalizationNA
Refunds InitiationNA
Credit of Shares to Demat AccountNA
Share Listing DateNA

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

  • QIB
  • NII
  • RII

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:

Financial Summary:

Amount (in INR & Millions)
30-Sept-1930-Sept-1831-Mar-1731-Mar-16
Total Assets
208,268.14
193,443.71193,647.271,90,180.04
Total Revenue
46,491.51
44,879.8535,653.45
48,792.72
Total Expense
44,627.47
43,953.8834,929.19
39,623.45
Profit After Tax
5,345.99
4,957.495,956.20
6,244.91

Earnings per Equity Share (in millions)

Earning per Equity Share (in INR)
 Mar’19Mar’18Mar’17Mar’16Mar’15
Basic23.8520.6023.9224.2021.23
Diluted23.8520.6023.9224.2021.23

 


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
Of which
Employee Reservation Portion[●] Equity Shares aggregating to Rs. [●] million
Accordingly,
The Net Offer28,012,500 Equity Shares aggregating to Rs.[●] million
(A) QIB Portion14,006,250 Equity Shares
Of which:
Mutual Fund Portion700,313 Equity Shares
Balance of QIB portion for all QIBs including
Mutual Funds
13,305,937 Equity Shares
(B) Non-Institutional CategoryNot less than 4,201,875 Equity Shares
(C) Retail CategoryNot less than 9,804,375 Equity Shares
Equity Shares outstanding prior to the offer224,100,000 Equity Shares
Equity Shares outstanding after the Offer224,100,000 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 EPSRONW (%)NAV (Rs.)
31-Mar-1625.0823.71
31-Mar-1723.9219.84120.57
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
ParticularsP/E ratio
Highest12.28
Average10.67
Lowest11.47
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.) EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
1
Mazagon Dock
Shipbuilders
Limited
1023.9216.55%144.16
2
Cochin Shipyard
Limited
1035.4710.1414.35%253.05
3Reliance Naval and Engineering Limited10(7.84)19.65

Mazagon Dock Shipbuilders IPO Lead Managers

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:
Website: www.alankit.com
Investor Grievance ID:
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

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