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
Mazagon Dock Shipbuilders Limited
Issue Period: 29th September 2020 to 01st October 2020
₹20/- For Intraday, F&O, Currencies & Commodities
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.
- 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
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