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Should we participate in Mazagon Dock Shipbuilders IPO

by "Manish Maurya"    25 Sep 2020, 12:36 PM
Should we participate in Mazagon Dock Shipbuilders IPO

Mazagon Dock Shipbuilders Limited aptly called “Ship Builder to the Nation”, is one of India’s leading Defence public sector undertaking shipyard under the Ministry of Defence. Main activities are the construction of warships and submarines with facilities situated at Mumbai and Nhava (under development). We have the capability to build warships, submarines, merchant since 1979.

For outfitting work, the company has a large number of workshops with sophisticated equipment and machines specific to hull fabrication and ship construction work. The Company has latest ship design software’s, operating from a number of work stations having the latest computer hardware to provide, up to date design and production support, commensurate with for the yard’s capabilities. The workforce is well trained in various disciplines. Regular training programmes keep the men technologically abreast of the latest techniques of their profession. The company has a good background.   

IPO details,

IPO issue period

29th Sept-01 Oct

Price Band 

135-145

Market Lot

103(1 Lot)

Min.Order Quantity

103

Face Value

10

Total IPO Size

413.09 Cr.

No. of offered shares

3.05 Crores shares

Listing on 

NSE

Opening Date

29 Sept.2020

Closing Date

01 Oct. 2020

Finalisation of Basis of allotment

08 Oct. 2020

Initiation of Refund

09 Oct. 2020

Transfer of Share to Demat account

12  Oct.2020

Listing Date

13 Oct.2020

The public offer of Mazagon Dock Shipbuilders IPO price would be about 700 per share price on listing date. This is an expectation by all the market expert.