Mazagon Dock IPO

Mazagon Dock Shipbuilders’ IPO will hit the market on September 29, 2020. Mazagon Dock is a PSU unit under the control of the Ministry of Defence (MoD), is the first public sector unit to launch an IPO offer this year. The government is considering divesting between 10-15 percent stakes in the shipbuilding firm through an IPO size of Rs 700 - 800 crores.

Mazagon Dock IPO Detail

Issuer

Mazagon Dock Shipbuilders Limited

Issue Period: 29th September 2020 to 01st October 2020
Price Band
₹ 135 - 145

Issue Size
₹ 413 Crore to 444 Crore

Face Value
₹ 10/- Per Share

Market Lot
103 Shares

Listing At
BSE, NSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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Company Information

Incorporated in 1934, Mazagon Dock Shipbuilders is engaged in building warships for the Navy, under the control of the Ministry of Defence. Since inception, the shipbuilding firm has built 795 vessels, including warships, submarines, missile boats, frigates, and destroyers.

Apart from that, Mazagon Dock is also involved in the repairing of submarines, warships, and commercial vessels, including cargo ships, barges, water tankers, and more. It has two key operational divisions – Shipbuilding and Repairing division, and the Submarine and Heavy Engineering division.

The proposed divestment plan will contain 30,599,017 equity shares, constituting 15.17 percent stakes in the firm.

Competitive Advantages

  • India’s leading PSU shipbuilder with strong expertise in developing warships and submarines
  • Diversified product base into shipbuilding, repairing, and heavy engineering segments
  • Strategic placement on the west coast of the country
  • A robust order book and steady financial position
  • Authority over world-class infrastructure and technology
How to apply for IPO :


- If you are already a client of Angel Broking, apply directly for Mazagon Dock Shipbuilders Limited IPO, click here.

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FAQs - Frequently Asked Questions

What is an IPO?

An initial public offering (IPO) is a process of listing a company in the bourses so that its shares can be publicly traded in the future. It is one way for companies to raise capital funds from the market. Through IPO, companies sell partial ownership to institutional and individual investors.

What is Mazagon Dock IPO?

Mazagon Dock Shipbuilder IPO size will contain 30,599,017 equity shares carrying a face value of Rs 10 apiece. The total IPO size would be between Rs 700-800 crores for issue price in the range of Rs 135 to Rs 145 per scrip.

How to apply in Mazagon Dock IPO through Angel Broking?

If you are already a client of Angel Broking, you can subscribe to Mazagon Dock IPO from the user console. Log in to your account, and you will find a list of IPOs available for subscription. Select Mazagon Dock IPO and place your bid.

When will the Mazagon Dock IPO will open?

Subscription to Mazagon Dock IPO will start on September 29 and closes on October 1, 2020.

What is the lot size of Mazagon Dock IPO?

The minimum lot size for Mazagon Dock IPO is 135 shares. Investors need to subscribe to a minimum of 135 shares.

How to apply for Mazagon Dock IPO?

You can apply directly from your broker’s user page where all the upcoming IPOs are listed. You would need to select UPI as a payment mode for brokers who doesn’t offer banking service. Or you can apply using ASBA as a payment method from the net banking portal of your bank.

When Mazagon Dock IPO allotment?

The finalisation of Basis of Allotment will happen on October 7, and allotted shares will get credited to your account on October 9, 2020.

When is the Mazagon Dock IPO listing date?

The tentative date for the final listing is October 12, 2020. The final announcement is pending.

How to pay for Mazagon Dock IPO using UPI?

If you are applying through a broker who doesn’t offer banking services, you need to select UPI as the preferred payment method.
To use UPI for payment, you will need to link your account to BHIM or Google Pay. You insert your UPI payment handle at the final stage of placing the bid. The broker will send a payment request to your UPI id. When you approve the payment, the bid gets placed for the Mazagon Dock IPO.

How will I receive the Mazagon Dock IPOs?

You will receive the shares directly on your account on October 9, 2020.

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