Mazagon Dock IPO Date, Review, Price Band, Form & Market Lot Details

Mazagon Dock Shipbuilders IPO to hit the market on 29 September 2020 and closes on 01 October 2020. The PSU Company is promoted by President of India. They are India’s biggest warship builders incorporated in 1934. They are currently engaged in constructing and repairing warships and submarines for the MoD and other types of vessels. Mazagon Dock Shipbuilders has current order for building four P-15B destroyers, four P-17A stealth frigates and five Scorpene class submarines for the Indian Navy. The value of the order is around 52000 crore rupees. The company is located in Mumbai and they are the only shipyard which build destroyers and conventional submarines for the Navy. 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. Check out Mazagon Dock Shipbuilders IPO dates, price band and more details.

 

Equity Shares outstanding prior to the Issue = 20,16,90,000 Shares
Employee Reservation of 3,45,517 Shares @135/- = Rs. 4.66  Crores (after discount of ~10/-)
Offer for Sale of 3,02,53,500 Shares @145/- = Rs.428.09 Crores
Equity Shares outstanding after the Issue = 20,16,90,000 Shares

Category-wise Break up:
Anchor: 90,76,050 Shares = 131.60 Crores
QIB: 60,50,700 Shares = 87.74 Crores
NII: 45,38,025 Shares = 65.80 Crores
RII: 1,05,88,725 Shares = 142.95 Crores (Lot size: 103 = 1,02,803 Forms) (@135 per Share)
Empl. Quota: 3,45,517 Shares = 04.66  Crores (@135 per Share)
Total Issue: 3,05,99,017 Shares = 432.75 Crores.

Subscription required for 1X
RII = 1,02,803 Forms
NII = 65.80 Crores

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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 – ₹145 Per Share
Listing on:	BSE
Retail Portion:	35%
Equity:	30,599,017 Shares
Employee Discount:	₹10

Mazagon Dock IPO Market Lot:

Lot Size:	Minimum 103 Shares & Maximum 1339 Shares
Minimum Amount:	₹14935
Maximum Amount:	₹194155

Mazagon Dock IPO Allotment & Listing:

Basis of Allotment:	07 October 2020
Refunds:	08 October 2020
Credit to Demat Account:	09 October 2020
Listing Date:	12 October 2020

Mazagon Dock IPO Form:

How to apply the Mazagon Dock IPO? You can apply Mazagon Dock IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mazagon Dock (Mazagon Dock) IPO in the Invest section. The other option you can apply Mazagon Dock  IPO via IPO forms download via NSE and BSE. Check out the Mazagon Dock AMC forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

Mazagon Dock (Mazagon Dock) Financial: