Mazagon Dock IPO
About Company Mazagon Dock Shipbuilders Limited permalink
Mazagon Dock Shipbuilders Limited was established in 1934 . Currently, it is having head office in Maharastra. Mazagon Dock works in the sector of Mazagon Dock company is leading defense public sector undertaking shipyard under the Ministry of Defense. . Mazagon Dock has experience of 86 .
Mazagon Dock is primarily engaged in manufacturing and repairing warships and submarines for the Ministry of Defense. This company also do work on other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients. Being public sector company and high profit history from past years, makes this IPO more attractive.
In Financial year 20-19 this company did profit of 5324 CR. For the current year it is having profit of 4,770.59 CR. This company is backed by Government of India so it is well trusted by investors. Profit is also attractive for investing in any IPO. The President of India is the promoter of Mazagon Dock Shipbuilders Limited.
- Email : investor@mazdock.com
- Website : https://mazagondock.in/
- Phone : 91 22 2376 2000
Mazagon Dock IPO Details permalink
Mazagon Dock IPO issue open date is 29th September 2020 and close date is 1st October 2020 . The face value for Mazagon Dock Shipbuilders Limited IPO is Rs 10 per equity share. The total IPO size is approx Rs 443 crore.
The price band for Mazagon Dock is Rs 135 to Rs 145. The lot size for Mazagon Dock IPO is a minimum of 103 shares to maximum 1442 shares. This IPO will be listed on BSE and NSE. Mazagon Dock IPO total equity is 30599017 shares.
Mazagon Dock IPO Date and Price Band permalink
| IPO Open: | 29th September 2020 |
| IPO Close: | 1st October 2020 |
| Price Band: | Rs 135 to Rs 145 |
| Face Value: | Rs 10 per equity share |
| IPO Size: | Rs 443 crore |
| Listing on: | BSE and NSE |
| Retail Portion: | 34.6% |
| Equity (Issue Size): | 30599017 Shares |
Mazagon Dock IPO Market Lot and Investment Amount permalink
To invest in Mazagon Dock Shipbuilders Limited's initial public offering starting from 29th September 2020 you need to invest minimum Rs 13905, however you can also invest up to Rs 209090, considering the upper price of IPO Rs 145 and maximum allottable shares (1442 shares). To apply for the maximum number of share you need to bid for 14 lots, one lot is having 103 shares.
| Minimum Lot Size: | 103 shares (1 Lot) |
| Maximum Lot Size: | 1442 shares (14 lots) |
| Minimum Investment: | Rs 13905 |
| Maximum Investment: | Rs 194670 |
Mazagon Dock IPO Subscription Status permalink
Mazagon Dock IPO was subscribed only 157.4 times times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 15126750 shares and received bids for 1357020742 shares which is 89.71 times of total meant for QIB category.
Mazagon Dock Shipbuilders Limited's IPO was subscribed 100% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 4538025 and bid for 3080774412 shares received . Bid from NII for Mazagon Dock Shipbuilders Limited's IPO is 678.88 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 10588725 and bid for 377276271 shares received . Bid from RII for Mazagon Dock's IPO is 35.63 times of total meant for RII category.
The total number of shares offered were 30599017 and bid for 4816591265 shares received .
| Qualified Institutional Buyers (QIBs) | |
|---|---|
| Shares Allotted: | 15126750 shares |
| Shares Bid Received: | 1357020742 shares |
| Over Subscription in QIB: | 89.71 times |
| Non Institutional Investors (NIIs) | |
| Shares Allotted: | 4538025 shares |
| Shares Bid Received: | 3080774412 shares |
| Over Subscription in NII: | 678.88 times |
| Retail Individual Investors (RIIs) | |
| Shares Allotted: | 10588725 shares |
| Shares Bid Received: | 377276271 shares |
| Over Subscription in RII: | 35.63 times |
| Total | |
| Total Shares Allotted: | 30599017 shares |
| Total Shares Bid Received: | 4816591265 shares |
| Over Subscription Total: | 157.4 times times |
Mazagon Dock IPO FAQ permalink
Frequently Asked Questions related to the Mazagon Dock IPO