Mazagon Dock IPO Review, Dates, Price Bands, Market Lot, Mazagon Dock Shipbuilder IPO (MDL IPO) Grey Market Price, Listing Date & Time Details
State-owned Mazagon Dock Shipbuilders on September 24 set a price band of Rs 135-145 per share for its maiden public offer that opens on September 29 .
The initial public offering (IPO) of 3,05,99,017 equity shares of the state-owned defence company 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.
The company is going to raise Rs 413 crore-Rs 444 crore at a price band of Rs 135 – Rs 145 per share. Bids can be made for a minimum of 103 equity shares and in multiples of 103 thereafter.
About Mazagon Dock Shipbuilder
Mazagon Dock Shipbuilders Limited, Mumbai, an ISO 9001: 2008 Company is one of the leading shipbuilding yard in India.
Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships for the Navy and offshore structures for the Bombay High. It has grown from a single unit, small ship repair company, into a multi-unit and multi-product company, with significant rise in production, use of modern technology and sophistication of products.
The company’s current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, MDL has built total 795 vessels including 25 warships, from advanced destroyers to missile boats and 3 subma8rines.
MDL had also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessel, water tankers, tugs, dredgers, fishing trawlers, barges & border out posts for various customers in India as well as abroad. MDL have also fabricated and delivered jackets, main decks of wellhead platforms, process platforms, jack-up rigs etc.
Mazagon Dock IPO – Issue Details:
| Issuer | Mazagon Dock Shipbuilders Ltd (MDL) | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Sep 29, 2020 | |
| Issue Closes: Oct 1, 2020 | ||
| Price Brand | ₹135 to ₹145 per equity share | |
| Issue Size | ₹443.69 Crores (Approx) | |
| Face Value | Rs.10 per Equity Share | |
| Market Lot | 103 Shares and in multiples thereof | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Offer for Sale | ₹443.69 Cr | |
| Fresh Issue | – | |
| Listing at | NSE & BSE | |
| Apply With | Free Angel Broking DEMAT Account | |
| Book Running Lead Managers | ||
| Grey Market Price | Mazagon IPO GMP | |
| Upcoming IPO 2020 | Upcoming NCD 2020 |
| CHEMCON IPO | UTI AMC IPO |
| CAMS IPO | Likhitha Infra IPO |
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Mazagon IPO Allotment Time @ ipo.alankit.com
Mazagon IPO Allotment Status
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Mazagon Dock IPO Subscription Status DAY 1
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MAZAGON IPO GMP VS UTI AMC VS LIKHITHA IPO
Mazagon Dock IPO Dates & Price Band
| IPO Open: | 29 September 2020 |
| IPO Close: | 01 October 2020 |
| IPO Size: | Approx ₹443 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹135 – ₹140 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 30,599,017 Shares |
Mazagon Dock IPO Market Lot:
| Lot Size: | Minimum 103 Shares & Maximum 1339 Shares |
| Minimum Amount: | ₹14935 |
| Maximum Amount: | ₹194,155 |
Mazagon IPO Allotment & Listing Dates:
| Basis of Allotment: | 07 October 2020 |
| Refunds: | 08 October 2020 |
| Credit to Demat Account: | 09 October 2020 |
| Listing Date: | 12 October 2020 |
Objects of the Issue:
The Net Proceeds from the fresh Issue will be utilized towards the following objects:
• 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 Financial
Company Financials:
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 209,660.28 | 208,479.34 | 193,703.72 | 193,911.65 |
| Total Revenue | 55,353.07 | 52,046.74 | 50,276.29 | 42,748.63 |
| Profit After Tax | 4,770.59 | 5,324.74 | 4,961.73 | 5,982.58 |
How to Apply for Mazagon Dock IPO?
If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in MDL ltd IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
- How to Apply Mazagon Dock IPO Through ASBA?
- How to Apply Mazagon IPO through Zerodha?
- How to Apply Mazagon IPO through SBI Net Banking?
- How to Apply Mazagon IPO through HDFC Netbanking?
- ➡️How To Apply Mazagon IPO in Axis Bank Net banking?
- ➡️How To Apply Mazagon IPO in Kotak Bank Net banking?
How to Check Mazagon IPO Allotment?
Check Mazagon Dock IPO Allotment Here:
OR
Log on to http://ipo.alankit.com/
# Option 1: BSE Website:
- Go to BSE Website
- Check box “Equity”
- Select IPO Name Mazagon Dock
- Type Your Application Number
- Type Your Pan Number
# Option 2: Alankit Website:
- Go to Alankit Website
- Select IPO Name Mazagon Dock
- Select Option from PAN Number, Application Number or Demat Account Number
- As per selection add PAN Number, Application Number or Demat Account Number
# Option 3: in Your Demat Account:
- Call Your Broker or Login to Your Demat Account / Trading Account
- Check the stock is credited to your account or not
# Option 4: in Your Bank Account:
- Login to your Bank Account
- Check the Amount is debited or released
| Company Contact Info: |
|---|
|
Mazagon Dock Shipbuilders Limited Phone: 91 22 2376 2000 |
| What is IPO? | आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है? |
| Mazagon Dock IPO Registrar: |
|---|
|
Alankit Assignments Ltd Phone: (011) 4254 1234 |
| Mazagon Dock IPO Allotment status |
|---|
IPO.Alankit.com Website (Click on the below Link)http://ipo.alankit.com/ |
| Upcoming IPO in India 2020 | How to Invest in Share Market? |
| Best Stock Trading Apps 2020 | What are NIFTY and SENSEX? |
| Grey Market Premium of IPO | Intraday Trading Basics |
Final Words
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Mazagon Dock IPO FAQs
The Mazagon IPO opens on Sep 29, 2020 and closes on OCT 1, 2020.
Mazagon Dock IPO listing date is 12 October 2020. The IPO to list on NSE and BSE.
Mazagon IPO allotment date is 07 October 2020. You can check IPO allotment here.
You can apply Mazagon IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. How to apply IPO through ASBA?
Steps to apply in Mazagon Dock IPO through Zerodha
Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ‘Mazagon IPO’ row and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price. ‘Submit’ IPO application form. Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process for more detail.