Mazagon Dock Shipbuilders was incorporated on February 26, 1934. The company is defence public sector undertaking shipyard under the Department of Defence Production, MoD with a maximum shipbuilding and submarine capacity of 40,000 DWT, 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.
| Bidding Dates |
|---|
| 29 Sep 2020 - 01 Oct 2020 |
| Subscription |
|---|
| 157.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,935 | 1 | 13 | 103 | 30.6 M | ₹135 - ₹145 | 84.83 % | ₹4130.9 M - ₹4436.9 M | RHP DOC |
Mazagon Dock Shipbuilders IPO SUBSCRIPTION STATUS
01 Oct '20Mazagon Dock Shipbuilders IPO overall subscription rate was 157.41 times the total available shares
Mazagon Dock Shipbuilders IPO retail subscription rate was 35.63 times in the retail segment
Mazagon Dock Shipbuilders IPO non-institutional investor subscription rate was 678.88 times in the non-institutional investor category
Mazagon Dock Shipbuilders IPO Qualified Institutional Bidder subscription rate was 89.71 times the available shares for Qualified Institutional Bidder
Mazagon Dock Shipbuilders IPO Employees subscription rate was 3.88 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
30 Sep 2020 (Day 2) | 15.53x | 4.96x | 2.83x | 1.04x |
01 Oct 2020 (Day 3) | 35.63x | 678.88x | 89.71x | 3.88x |
29 Sep 2020 (Day 1) | 2.77x | 0.24x | 0x | 0.13x |
Mazagon Dock Shipbuilders FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY20 | 4,770.6 | 49,776.5 | -955.7 | -2,048.9 |
| FY19 | 5,324.7 | 46,139.6 | 652.4 | -1,063.2 |
| FY18 | 4,961.7 | 44,703.6 | 4,907.7 | 2,981.8 |
| FY17 | 5,982.6 | 35,190.8 | -10,027.1 | -12,202.8 |
Mazagon Dock Shipbuilders IPO SUBSCRIPTION STATUS DETAILS
Mazagon Dock Shipbuilders had 30.6 M shares on offer
Mazagon Dock Shipbuilders IPO offer price was in the range ₹135 - ₹145
Mazagon Dock Shipbuilders IPO minimum Investment was ₹14935
Mazagon Dock Shipbuilders IPO issue size was ₹ 4130.9 M - ₹ 4436.9 M
Mazagon Dock Shipbuilders had a minimum lot size of 103 Shares per application
Mazagon Dock Shipbuilders NUMBER OF SHARES ON OFFER
Mazagon Dock Shipbuilders IPO IMPORTANT DATES
| Issue Open Date | 29 Sep 2020 |
| Issue close Date | 01 Oct 2020 |
| Allotment Date | 07 Oct 2020 |
| Refund Date | 08 Oct 2020 |
| Demat Account Credit Date | 09 Oct 2020 |
| Listing Date | 12 Oct 2020 |
| Listing on Exchange(s) | NSE and BSE |
| Mazagon Dock Shipbuilders Allotment Status | Exchange |
Mazagon Dock Shipbuilders IPO subscription opened on 29 Sep 2020, and closed on 01 Oct 2020
IPO allotment for Mazagon Dock Shipbuilders was finalized on Wednesday, 07 Oct 2020
IPO listing for Mazagon Dock Shipbuilders was on NSE and BSE on Monday, 12 Oct 2020
Mazagon Dock Shipbuilders IPO LISTING GAINS
| Issue Price (adjusted) | 72.5 |
| Listing Open Price | 216.3 |
| Listing Close Price | 173.0 |
| Listing Gain% | 49.1% |
| Current Gain% | 3368.8% |
Mazagon Dock Shipbuilders Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders Ltd. | 2514.9 | 50723 | 35.5 | 1.1 | 7.6 | 26.5 | 9.4 | 14145.7 | 12.7 | 2583.3 | 7 | 70.8 | 31.7 |
| Hindustan Aeronautics Ltd. | 4910 | 328368.5 | 36 | 4 | 9.9 | 22.2 | 6.9 | 36788 | 9.7 | 9115.6 | 9 | 136.3 | 9 |
| Bharat Electronics Ltd. | 401 | 293122.1 | 47.7 | 4.1 | 10.2 | 25.3 | 13.6 | 28176.1 | 15 | 6062 | 13.9 | 8.4 | 11.7 |
| Bharat Dynamics Ltd. | 1294 | 47433.2 | 112.8 | -4.8 | 19.4 | 9.9 | 2.9 | 2865.6 | -22.5 | 420.3 | -23.5 | 11.5 | -23.5 |
| Garden Reach Shipbuilders & Engineers Ltd. | 2599 | 29772.1 | 37.2 | 0.9 | 4 | 28.5 | 7 | 7276.5 | 34.5 | 747.9 | 41.8 | 69.9 | 42.9 |
| Data Patterns (India) Ltd. | 4380.7 | 24524.9 | 91.5 | 3.7 | 26 | 15.6 | 14.1 | 952.7 | 26.2 | 271.4 | 22.3 | 47.9 | 24.9 |
Mazagon Dock Shipbuilders INFORMATION ON IPO ISSUE
About Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders was incorporated on February 26, 1934. The company is defence public sector undertaking shipyard under the Department of Defence Production, MoD with a maximum shipbuilding and submarine capacity of 40,000 DWT, 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.
Object of the Issue
- To carry out the disinvestment plan of 30,599,017 equity shares by selling shareholders constitutes 15.17% of pre-offer equity share capital
- To achieve the benefits of share listing on the stock exchanges
Mazagon Dock Shipbuilders - PROMOTERS
| Name |
|---|
| The President of India acting through the Ministry of Defence, GoI |
Mazagon Dock Shipbuilders Book Running Lead Manager
YES Securities (India) Limited
mdl.ipo@ysil.in
Axis Capital Limited
mazagon.ipo@axiscap.in
Edelweiss Financial Services Limited
mdl.ipo@edelweissfin.com
IDFC Securites Limited
mazagon.ipo@idfc.com
JM Financial Limited
mdl.ipo@jmfl.com
Mazagon Dock Shipbuilders Registrar to the Offer
Alankit Assignments Limited
kamalarora@alankit.com
Mazagon Dock Shipbuilders Strengths
Only public sector defence shipyard
The company is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy
World class infrastructure
The company has a world-class infrastructure capable of serving the requirements of the Ministry of Defence
Location of facilities
The shipyard is strategically located in Mumbai on the west coast of India, on the sea route connecting Europe, West Asia, and the Pacific Rim, a busy international maritime route
Financial performance
The company has established a track record with a strong financial position and a strong Order Book
Mazagon Dock Shipbuilders Risks
Depends on the MoD
The company predominantly depends on the MoD for defence orders and has mostly been awarded such orders on a nomination basis by the MoD for use by the Indian Navy
Certain matters of emphasis
Statutory Auditors have provided certain matters of emphasis in their audit report on our financial statements in recent financial years
IPO FAQs
Mazagon Dock Shipbuilders Ltd. IPO listing opened at Rs 216.25 while the issue price was Rs 145.00 giving 49.14% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 72.50 giving 3368.83% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 443.7 crore, of 30,599,017 shares.
The promoter of the company is The President of India acting through the Ministry of Defence, GoI.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 135.0 - 145.0.
The IPO application opens on Sep 29, 2020 and closes on Oct 01, 2020.
The minimum lot size for the IPO is 103. The maximum lot size for the IPO is 1339.
For all category investors, the minimum application amount for this IPO is Rs. 14,935.0, the maximum value for this IPO is Rs 194,155.0.
This IPO will be allotted on Oct 07, 2020.
The refund will be credited to your account on Oct 08, 2020.
The allotted shares will be credited to your demat on Oct 09, 2020.
Mazagon Dock Shipbuilders Ltd.’s shares listed on the stock exchanges on Oct 12, 2020.