Mazagon Dock Shipbuilders IPO - Sept 29 to Oct 1 | Espresso


Mazagon Dock Shipbuilders IPO - Sept 29 to Oct 1

September 28, 2020
Mazagon Dock Shipbuilders IPO - Sept 29 to Oct 1

Mazagon Dock Shipbuilders Limited is coming out with a fresh public issue to raise Rs 444 crores from the market.

Key details of the issue:

  • Issue opens – Sept 29, 2020
  • Issue closes – Oct 1, 2020
  • Issue size – Rs 444 crores
  • Price band – Rs 135 – 145

And here are some details of the company and further details on the Mazagon Dock Shipbuilders Limited issue:

Company Details

Mazagon Dock Shipbuilders Limited is a wholly owned GoI Company, conferred with the Mini-Ratna-I status in 2006 by the DPE.

The Company’s Shipbuilding and Submarine & Heavy Engineering divisions are both ISO 9001:2015 certified.

The Company is into defence public sector undertaking shipyard under the Department of Defence Production, MoD, with a maximum shipbuilding and submarine capacity of 40,000 DWT (Source: CRISIL Report), 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 Company is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy.

The Company is also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India (Source: CRISIL Report).

The business divisions in which the Company operate are:

  • Shipbuilding: This division includes the building and repair of naval ships
  • Submarine and Heavy Engineering: This division includes building, repair and refits of diesel electric submarines

Since 1960, the Company has built 795 vessels, including 25 warships (from advanced destroyers to missile boats) and 3 submarines. (Source: CRISIL Report).

The Company has also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges and border outposts for various customers in India as well as abroad. (Source: CRISIL Report).

Issue Size

Rs 444 crores

Issue Break-up

QIB – 50% of the offer – Rs 219 crores

NIB – 15% of the offer – Rs 66 crores

RET – 35% of the offer – Rs 154 crores




Alankit Assignments Limited


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