Bookbuilding IPO | ₹444 Cr | Listed at BSE, NSE | Tue, Sep 29, 2020 - Thu, Oct 1, 2020
Mazagon Dock Shipbuilders IPO is a book build issue of ₹443.69 crores. The issue is entirely an offer for sale of 3.06 crore shares of ₹443.69 crore.
Mazagon Dock Shipbuilders IPO bidding started from Sep 29, 2020 and ended on Oct 1, 2020. The allotment for Mazagon Dock Shipbuilders IPO was finalized on Oct 7, 2020. The shares got listed on BSE, NSE on Oct 12, 2020.
Mazagon Dock Shipbuilders IPO price band is set at ₹145 per share. The lot size for an application is 103. The minimum amount of investment required by an retail is ₹14,935 (103 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,442 shares), amounting to ₹2,09,090, and for bNII, it is 67 lots (6,901 shares), amounting to ₹10,00,645.
The issue includes a reservation of up to 3,45,517 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue.
Refer to Mazagon Dock Shipbuilders IPO RHP for detailed Information.
IPO Open
Tue, Sep 29, 2020
IPO Close
Thu, Oct 1, 2020
Issue Price
₹145 per share
Market Cap (Pre-IPO)
₹2,924.51 Cr
| IPO Date | 29 Sep to 1 Oct, 2020 |
| Listed on | Mon, Oct 12, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹145 |
| Issue Price | ₹145 per share |
| Lot Size | 103 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,05,99,017 shares (agg. up to ₹444 Cr) |
| Offer for Sale | 3,05,99,017 shares of ₹10 (agg. up to ₹444 Cr) |
| Share Holding Pre Issue | 20,16,90,000 shares |
| Share Holding Post Issue | 20,16,90,000 shares |
| BSE Script Code / NSE Symbol | 543237 / MAZDOCK |
| ISIN | INE249Z01012 |
Mazagon Dock Shipbuilders IPO comprises a total issue size of 3,05,99,017 shares. The net offer to the public is 3,02,53,500 shares, after excluding 3,45,517 shares under a preferential allotment. Of the Net offer 1,51,26,750 (50.00%) are allocated to QIB, 45,38,025 (15.00%) allocated to NII 1,05,88,725 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,51,26,750 | 50.00% | 49.44% | NA |
| NII (HNI) Shares Offered | 45,38,025 | 15.00% | 14.83% | NA |
| Retail Shares Offered | 1,05,88,725 | 35.00% | 34.60% | 1,02,803 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,45,517 | 1.13% | NA | |
| Total Shares Offered | 3,05,99,017 | 100.00% | 100.00% | |
Investors can bid for a minimum of 103 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 103 | ₹14,935 |
| Retail (Max) | 13 | 1,339 | ₹1,94,155 |
| S-HNI (Min) | 14 | 1,442 | ₹2,09,090 |
| S-HNI (Max) | 66 | 6,798 | ₹9,85,710 |
| B-HNI (Min) | 67 | 6,901 | ₹10,00,645 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1934, Mazagon Dock Shipbuilders Ltd is the India's leading defence public sector undertaking shipyard under the Ministry of Defence. Mazagon Dock is primarily engaged in constructing and repairing warships and submarines for the MoD and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients. It is the only shipyard to build destroyers and conventional submarines to be used by the Indian Navy.
The business has 2 key operating divisions - Shipbuilding division that undertakes building and repairing of naval ships, whereas Submarine and heavy engineering division includes building, repairing, and refitting of diesel electric submarines. Till 2020, the company has built 795 vessels, including 25 warships, 4 missile boats, 3 submarines, 6 Leander class frigates, 3 Godavari class frigates, 3 Shivalik class frigates, 3 corvettes, and 6 destroyers.
Mazagon Dock shipyard is strategically located on the west coast of India, the sea route that connects Europe, Pacific Rim, and West Asia.
Competitive Strength
• India's leading public sector defence shipyard company.
• World class infrastructure facilities.
• Strategic location at Mumbai on the west coast of India.
• Strong order book and financial position.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To carry out the disinvestment of 30,599,017#Equity Shares by the Selling Shareholder constituting 15.17% of our Company’s pre-Offer paid up Equity Share capital ; | |
| 2 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
The Mazagon Dock IPO is subscribed 157.41 times on October 1, 2020 6:00:07 PM (Day 3). The public issue subscribed 35.63 times in the retail category, 89.71 times in the QIB category, and 678.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 89.71 | 1,51,26,750 | 1,35,70,40,759 |
| NII | 678.88 | 45,38,025 | 3,08,07,65,638 |
| Retail | 35.63 | 1,05,88,725 | 37,73,13,308 |
| Employee | 3.88 | 3,45,517 | 13,39,412 |
| Total | 157.41 | 3,05,99,017 | 4,81,64,59,117 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the BRLMs (including underwriting fee, commission and processing fees and fees payable to the Sponsor Banks for Bids made by RIBs using UPIand printing and stationary expenses) | 12.06 |
| 2 | Brokerage, selling commission and upload fees for Syndicate Members, Registered Brokers, RTAs and CDPs | 0.77 |
| 3 | Fee payable to Registrar to the Offer | |
| 4 | Advertising and marketing expenses | 4.11 |
| 5 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 7.20 |
| 6 | Fee payable to legal counsels | 0.64 |
| 7 | Others | 1.80 |
| 8 | Miscellaneous | 0.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹145.00 | ₹145.00 |
| Open | ₹216.25 | ₹214.90 |
| Low | ₹173.00 | ₹171.95 |
| High | ₹216.65 | ₹216.95 |
| Last Trade | ₹173.00 | ₹171.95 |
No, there is 'no discount' for employees in Mazagon IPO. They have an employee category that has 345,517 shares reserved for staff of the company.
There is no discount for retail investors in Mazagon IPO. The company has reserved 35% of the net offering for retail investors in the IPO.
Mazagon Dock Shipbuilders IPO is a main-board IPO of 3,05,99,017 equity shares of the face value of ₹10 aggregating up to ₹444 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 103.
The IPO opens on Tue, Sep 29, 2020, and closes on Thu, Oct 1, 2020.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mazagon Dock Shipbuilders IPO using UPI as a payment gateway. Zerodha customers can apply in Mazagon Dock Shipbuilders IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mazagon Dock Shipbuilders IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mazagon Dock Shipbuilders IPO opens on Tue, Sep 29, 2020 and closes on Thu, Oct 1, 2020.
Mazagon Dock Shipbuilders IPO lot size is 103, and the minimum amount required for application is ₹14,935.
You can apply in Mazagon Dock Shipbuilders IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mazagon Dock Shipbuilders IPO will be done on Wednesday, October 7, 2020, and the allotted shares will be credited to your demat account by Fri, Oct 9, 2020. Check the Mazagon Dock Shipbuilders IPO allotment status.
The Mazagon Dock Shipbuilders IPO listing date is on Mon, Oct 12, 2020.
