Mazagon Dock Shipbuilders Limited IPO opens on Sep 29, 2020 and closes on Oct 01, 2020

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Mazagon Dock Shipbuilders Limited is a defence public sector undertaking shipyard under the Department of Defence Production, MoD with a maximum shipbuilding and submarine capacity of 40,000 DWT, engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. MDL is a wholly owned GoI company, conferred with the 'Mini-ratna-I' status in 2006, by the DPE. MDL is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. MDL are also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India. The business divisions in which MDL operate are (i) shipbuilding and (ii) submarine and heavy engineering. Our shipbuilding division includes the building and repair of naval ships. MDL is currently building four P-15 B destroyers and four P-17A stealth frigates and undertaking repair and refit of a ship for the MoD for use by the Indian Navy. MDL submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. MDL are currently building/ in the process of delivering four Scorpene class submarines under a transfer of technology agreement with Naval Group as well as one medium refit and life certification of a submarine for the MoD for use by the Indian Navy. Since 1960, MDL have built a total of 795 vessels including 25 warships, from advanced destroyers to missile boats and three submarines. MDL have also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges and border outposts for various customers in India as well as abroad.

Competitive Strength :

• Only public sector defence shipyard constructing conventional submarines
• World class infrastructure capable of serving the requirements of the Ministry of Defence 
• Location of our facilities promotes closer association with our vendors and customers 
• Increase in indigenisation of our vessels and implementation of the “Make in India” campaign 
• Established track record with strong financial position and strong Order Book
• Experienced board and senior management team and skilfully trained workforce 

Company Promoters :

The President of India acting through the Ministry of Defence, GoI is the promoter of the company.

Company Financials :

Particulars	For the year/period ended (Rs in million)
	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	209,660.28	208,479.34	193,703.72	193,911.65
Total Revenue	55,353.07	52,046.74	50,276.29	42,748.63
Profit After Tax	4,770.59	5,324.74	4,961.73	5,982.58

IPO Detail :

Issue Size  - 30,599,017 Eq Shares of Rs 10 (aggregating up to Rs 443.69 Cr)  

Offer for Sale - 30,599,017 Eq Shares of Rs 10 (aggregating up to Rs 443.69 Cr)

IPO Price - Rs  135 to Rs 145 per equity share

Market Lot - 103 Shares ( Min Order quantity )

Maximum Order Quantity for Retail  -  1339 Shares (  13 Lots )

Finalisation of Basis of Allotment - Oct 07, 2020

Initiation of Refunds - Oct 08, 2020

Credit of Shares to Demat Account - Oct 09, 2020

IPO Shares Listing Date - Oct 12, 2020