Mazagon Dock Shipbuilders IPO
(i) The Company is owned by the Government of India and is operating under the administrative control of the Ministry of Defence, Department of Defence Production. The Company was conferred the ‘Mini-Ratna’ status in 2006, by the Department of Public Enterprises.
(ii)They are a defense 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 a commercial client.
(iii) The business divisions in which the company operates are:
The shipbuilding division includes the building and repair of naval ships. They are 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.
(b) Submarine and heavy engineering
The submarine and heavy engineering division include building, repair, and refits of diesel-electric submarines. They 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, they have built a total of 795 vessels including 25 warships, from advanced destroyers to missile boats and three submarines. They have also delivered cargo ships, passenger ships, supply vessels, multi-purpose support vessels, water tankers, tugs, dredgers, fishing travelers, barges, and border outposts for various customers in India as well as abroad.
The Company has posted profits continuously in the last four Fiscals.
1. The total income was ₹4274 Crores, ₹5027 Crores, ₹5204 Crores, and ₹5535 Crores for Fiscals 2017, 2018, 2019, and 2020 respectively.
2. The profit for the year was ₹598 Crores, ₹496 Crores, ₹532 Crores, and ₹477 Crores for Fiscals 2017, 2018, 2019, and 2020 respectively.
Objects of the Mazagon Dock Shipbuilders IPO:
Mazagon Dock Shipbuilders IPO Details:
|Open Date:||Sep 29 2020|
|Close Date:||Oct 01 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||413-444 Cr.|
|Lot Size:||103 Shares|
|Issue Price:||₹ 135-145 Per Equity Share|
|Listing Date:||Oct 12 2020|
Promoters And Management:
Financials of Mazagon Dock Shipbuilders IPO:
|Cost of Material||21,400||26,928||25,571||25,031|
|Base and Depot spare||348||917||6,080||3,622|
|Profit before tax||8,309||6,507||7,785||7,358|
|Share of Associates||554||1,026||620||933|
|EPS in Rs||30||23||25||23|