Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders Limited IPO Details

Mazagon Dock Shipbuilders Limited IPO Subscription Period From 29th September To 1st October 2020:

To begin with, Mazagon Dock Shipbuilders Limited is the largest warships and submarines manufacturing company in India. The company was incorporated in 1934 and located at Mumbai. It also manufacturing tankers, cargo bulk carriers, passenger ships, and warships to the Indian Navy. The IPO subscription period will start on 29th September and it will close on 1st October 2020.

IPO Details:

Bid period 29th September to 1st October 2020
IPO Type Book Built Issue IPO
IPO Size 3,05,99,017 equity shares of Rs. 10 (aggregating up to Rs. 443.69 Cr)
Offer for Sale 3,05,99,017 equity shares of Rs. 10 (aggregating up to Rs. 443.69 Cr)
Face Value Rs. 10 per equity share
IPO Price Rs. 135 to Rs. 145
Market Lot 103 shares
Minimum Order Quantity 103 shares
Listing At BSE, NSE

The company introduced a ‘Book Built Issue‘ type initial public offering with the face value of Rs. 10 per equity share. Similarly, the price band of the issue from Rs. 135 to Rs. 145 per equity share.

The market lot and the minimum order quantity is 103 per each. If any investor should invest in this company with a minimum investment amount of Rs. 14,935 (1 lot = 103 shares). Also, the maximum investment amount of Rs. 1,94,155 (13 lots = 1,339 shares).

Mazagon Dock Shipbuilders Limited Promoter Holdings:

The company does not have an identified promoter in terms of SEBI for this IPO.

Pre Issue Share Holding 100%
Post Issue Share Holding 85%

The objective of the company, it plans to utilize the IPO raised the amount to achieve the benefits of listing the equity shares and the sale of up to 3,05,99,017 equity shares by the selling shareholders. The company shares will be list on both the BSE and NSE.

The Mazagon Dock Shipbuilders Ltd. will issue the allotment order on 7th October 2020. If in case shares are not allotted to any investor the bid amount will be refunded on 8th October. Its shares will list on 12th October 2020 on both the BSE and NSE.

IPO Registrar:

Alankit Assignments Ltd. 

Alankit House 2E/21, Jhandewalan Extension,

New Delhi-110055.

Phone: (011) 4254 1234

Email: [email protected]

Website: https://karisma.alankit.com/

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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