Mazagon Dock IPO Subscription status will available at 5PM on September 29. The shares subscribed by the public will be updated following day to day.
Mazagon Dock Shipbuilders Limited is going to raise Rs 413 crore-Rs 444 crore at a price band of Rs 135 – Rs 145 per share, the three-day share sale will be open for subscription during 29 September to 1 October.
Mazagon Dock IPO Subscription Status
|Category||No.of shares offered||Day 1||Day 2||Day 3|
Mazagon Dock Shipbuilders (MDSL) got subscribed 2.09 times on the first day of the bidding process. The public offer received bids for 6,39,74,227 shares till 5 pm (IST) against 3,05,99,017 shares offered by the company.
The retail portion was subscribed 5.64 times while that reserved for non-institutional investors witnessed nearly 78 per cent subscription.
Mazagon Dock IPO GMP (Grey Market Premium) Rates
|Date||GMP||Kostak||Subject to Sauda|
|29 Sep 2020||₹140 – ₹150||500||10,000|
|28 Sep 2020||₹110 – ₹120||450||8,000|
|26 Sep 2020||₹100 – ₹110||350||7,000|
|25 Sep 2020||₹90||300||5,500|
|24 Sep 2020||₹80||300||5,000|
|23 Sep 2020||₹0||0||0|
Mazagon Dock Shipbuilders Limited IPO (Mazagon Dock IPO) Details
Mazagon Dock Shipbuilders Limited is going to raise Rs 413 crore-Rs 444 crore at a price band of Rs 135 - Rs 145 per share, the three-day share sale will be open for subscription during 29 September to 1 October.
State-owned defence company Mazagon Dock Shipbuilders Limited is an offer for sale by the government. As many as 3,45,517 shares have been reserved for eligible employees. The total offer will constitute 15.17 percent of the post-issue paid-up equity.
Check here details of Mazagon Dock Shipbuilders IPO date, IPO offer price, lot size, subscription, Mazagon Dock Shipbuilders IPO allotment and listings date, grey market price and other details like the company’s background and more.
Mazagon Dock Shipbuilders IPO Details:
|Open Date:||September 29 2020|
|Close Date:||October 01 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||413-444 Cr.|
|Lot Size:||103 Shares|
|Issue Price:||₹ 135-145 Per Equity Share|
|Listing At:||NSE, BSE|
|Listing Date:||Oct 12 2020|
About Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders is a defence public sector undertaking shipyard under the Department of Defence Production (MoD) with a maximum shipbuilding and submarine capacity of 40,000 DWT, as per a CRISIL report.
Mazagon Dock is engaged in the construction and repair of warships and submarines for the ministry and other vessels for commercial clients. The company was conferred with the 'Mini-ratna-I' status in 2006.
Mazagon Dock Promoters And Management:
The promoter 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.
Mazagon Dock Shipbuilders Limited IPO Subscription Status Today
Latest Mazagon Dock Shipbuilders Limited IPO status available soon.
Mazagon Dock Shipbuilders IPO Date
Mazagon Dock IPO (initial public offering) subscription opens on September 29 and closes on October 1.
Mazagon Dock IPO Price Band
Mazagon Dock IPO issue price band at Rs 135-145 per equity share.
Mazagon Dock IPO Lot Size
The lot size of the Mazagon Dock IPO is minimum of 103 equity shares and in multiples of 103 equity shares thereafter.
Mazagon Dock IPO Minimum lot of 103 shares of Rs 14,935 and Maximum investment of 13 lots of 1339 stocks at Rs.194155 at The face value of the equity share is Rs 10 each.
Mazagon Dock Limited IPO Issue Size
Mazagon Dock Shipbuilders Limited will offer up to 3,05,99,017 shares through an offer for sale which includes a reservation of 3,45,517 shares for eligible employees.
- Equity Shares outstanding prior to the Issue = 20,16,90,000 Shares
- Employee Reservation of 3,45,517 Shares @135/- = Rs. 4.66 Crores (after discount of ~10/-)
- Offer for Sale of 3,02,53,500 Shares @145/- = Rs.428.09 Crores
Mazagon Dock IPO Objects
“The objects of the offer are to carry out the disinvestment of 30,599,017 equity shares by the selling shareholder constituting 15.17% of our company’s pre-offer paid up equity share capital. Issue proceeds will go to the president of India, acting through the ministry of defence, Government of India (the selling shareholder)," said a company statement.
Mazagon Dock IPO Grey Market Premium
As per the market conditions we can expect a good GMP for Mazagon Dock IPO with 25% listing gain.
Mazagon Dock Limited IPO Review:
Mazagon Dock IPO Subscribe for Short Term and Long Term View.
Mazagon Dock Company Financial
In FY2020, the company's profit stood at Rs 415 crore on revenue of Rs 5,566 crore. As oon June 2019, Mazagon Dock has an order book of Rs 54,282 crore.
Mazagon Dock Stock Listed on NSE & BSE
Mazagon Dock equity shares after the completion of a public issue will be listed on the National Stock Exchange and on BSE Limited.
Mazagon Dock IPO BRLM
Mazagon Dock IPO book running lead managers (BRLM) appointed for the public issue are Axis Capital, Yes Securities, Edelweiss Financial, IDFC Securities and JM Financial are the book running lead managers to the issue, while Alankit Assignments is the registrar.
Mazagon Dock Shipbuilders Limited IPO Tentative Timetable
|Bid/Offer Launch date||September 29, 2020|
|Bid/Offer Last date||October 01, 2020|
|Basis of Allotment finalization date||October 07, 2020|
|Initiation of Refunds||October 08, 2020|
|Credit of Shares to Demat Acct||October 09, 2020|
|IPO Shares Listing Date||October 12, 2020|
Mazagon Dock IPO Allotment Status Date and Listing
The company will finalise ipo allotment on October 7, while the refunds or unblocking of funds from ASBA accounts which did not get any share in allotment will take place on October 8.
Shares will be credited to accounts of eligible investors on October 9 and the trading in shares will commence from October 12.
Mazagon Dock IPO allotment status will be available on Alankit website.