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.