IPO


Mazagon Dock Shipbuilders IPO – Review, Allotment Status, Subscription, Price, Date & more

Mazagon Dock Shipbuilders IPO is filed with SEBI on April 2nd 2018. Lets read the details about Mazagon Shipbuilders IPO Review & its important facts like IPO Size, IPO release date, IPO object, IPO price band, Grey market price, IPO allotment status, IPO subscription, Company’s background etc.

Face Value Rs 10
Price Band Rs 135 to Rs 145
Listing At BSE, NSE
Min. Order Quantity 103
Listing Date  Oct 12, 2020
Offer for Sale Rs 443.69 Cr
IPO Size Rs 443.69 Cr
Tick Size NA

Check out IPO Allotment of CAMS IPO & Chemcon IPO here – IPO Allotment Status


Mazagon Dock Shipbuilders IPO is listed at [●] premium, check out the live share price by clicking on the below link.

Mazagon Dock Share Price – Live Performance

Summary of Mazagon Dock Shipbuilders IPO

mazagon dock shipbuilders ipoMazagon Dock Shipbuilders Limited, aptly called “Ship Builder to the Nation”, is the India’s one of the leading Defence Public Sector Undertaking Shipyard under the Ministry of Defence. Main activities are construction of state-of-the-art warships and submarines with facilities situated at Mumbai and Nhava (under development).

As Mazagon Dock Shipbuilders is a PSU, it can be said that the Government of India, through the misnitry of Defence, will be the selling shareholder. The total number of equity shares available under the IPO to the general public is 22,410,000. Apart from this, certain shares would also be a part of the IPO but would be reserved for the eligible employees of the company.

The Promoters of this company are THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF DEFENCE, GOVERNMENT OF INDIA. The lead managers for Mazagon Dock Shipbuilders IPO are Yes Securities, Axis Capital, Edelweiss Financial, IDFC Bank and JM Financial. The Registrar to the Offer is Alankit Assignments Limited.


Mazagon Dock IPO Date

The opening and the closing date of IPO of Mazagon Shipbuilders Limited is SEPTEMBER 29, 2020 and OCTOBER 01, 2020.


Mazagon Shipbuilders Limited IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – Sep 29
2nd Day – Sep 30 
3rd Day – Oct 1
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Mazagon Dock Shipbuilders Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Mazagon Dock Shipbuilders Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization Oct 7, 2020
Refunds Initiation Oct 8, 2020
Credit of Shares to Demat Account Oct 9, 2020
Share Listing Date Oct 12, 2020

Mazagon Dock IPO Price Band / Cash Price

The face value of each share is Rs 10, but the price band of the IPO is Rs.135 to Rs.145. 


Mazagon Dock Shipbuilders IPO Equity Size

This Initial Public Issue of 30,599,017 Equity Shares of Rs.10 each for cash at a price of Rs.135 to Rs.145 per equity share aggregating to Rs.443.69 Cr.


Mazagon IPO Share Offering

Net Offer:The Offer less the Employee Reservation Portion.

Offer for Sale: Offer for sale consists of Up to 30,599,017 Equity Shares of face value of Rs.10 each, aggregating Rs.443.69 Cr.


Mazagon Dock Shipbuilders IPO – Live Performance

The listing date of this IPO is Oct 12, 2020. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Mazagon Dock Shipbuilders Share Price

Mazagon Dock Shipbuilders IPO Grey Market Premium

The Mazagon Dock Shipbuilders Limited IPO Grey Market Premium price is 110-120, the Kostak rate is 450 and the Subject to Sauda is 8000


Mazagon Dock Shipbuilders IPO – Company Overview

This Company is a wholly-owned GoI company, is a defence public sector undertaking shipyard under the Department of Defence Production, Ministry of Defence (MoD).  Mazagon Dock Shipbuilders Limited has a maximum shipbuilding and submarine capacity of 40,000 DWT and is 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.

The ship building company was conferred with the ‘Mini-ratna-I’ status in 2006, by the Department of Public Enterprises. Mazagon Dock Shipbuilders Limited is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. They are also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India.

The business divisions in which Mazagon Dock Shipbuilders Limited operates are (i) shipbuilding and (ii) submarine and heavy engineering.


Mazagon Dock Shipbuilders Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & millions)
31-Mar-20 Mar-19 31-Mar-18 31-Mar-17
Total Assets 2,09,660.28 2,08,479.34 1,93,703.72 1,93,911.65
Total Revenue 55,353.07 52,046.74 50,276.29 42,748.63
Total Expense 47,876.21 44,265.59 43,772.22 34,443.09
Profit After Tax 4,770.59 5,324.74 4,961.73 5,982.58

Earnings per Equity Share (in Millions)

31-Mar-20 Mar-19 31-Mar-18 31-Mar-17
Basic & Diluted 21.36 23.75 20.61 24.03

Their Company has posted profits continuously in the last four Fiscals. The total income was Rs.42,748.63 million, Rs.50,276.29 million, Rs.52,046.74 million and Rs.55,353.07 million for Fiscals 2017, 2018, 2019 and 2020 respectively.

Their profit for the year was Rs.5,982.58 million, Rs.4,961.73 million, Rs.5,324.74 million and Rs.4,770.59 million for Fiscals 2017, 2018, 2019 and 2020 respectively.


Mazagon IPO – Promoters

Since Mazagon Dock Shipbuilders is a PSU, the promoter would be THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF DEFENCE, GOVERNMENT OF INDIA

List of Related Parties (Key Managerial Personnel)

  • Vijayalakshmi Kumar, Company Secretary (Chief Manager) and Compliance Officer
  • Satish P. Shenai, Executive Director (finance)
  • Hemant V. Karekar, Executive Director (east yard)
  • Suresh Dadlani & Rohit Shrivastava, Executive Director (commercial)

Competitive Strengths of Mazagon Dock Shipbuilders Limited

  • Only public sector defence shipyard constructing conventional submarines
  • World class infrastructure capable of serving the requirements of the Ministry of Defence
  • Location of facilities promotes closer association with vendors and customers
  • Increase in indigenisation of 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 skillfully trained workforce

Mazagon Dock Shipbuilders IPO Offer Details or Issue Details

Offer 30,599,017 Equity Shares aggregating to Rs. 443.69 Cr
Of which
Employee Reservation Portion 345,517 Equity Shares aggregating to Rs. [●] million
Accordingly,
The Net Offer 30,253,500 Equity Shares aggregating to Rs.[●] million
(A) QIB Portion Not more than 15,126,750 Equity Shares
Of which:
Mutual Fund Portion 756,338 Equity Shares
Balance of QIB portion for all QIBs including
Mutual Funds
14,370,412 Equity Shares
(B) Non-Institutional Category Not less than 4,538,025 Equity Shares
(C) Retail Category Not less than 10,588,725 Equity Shares
Equity Shares outstanding prior to the offer 201,690,000 Equity Shares
Equity Shares outstanding after the Offer 201,690,000 Equity Shares

Mazagon Dock IPO Issue Object

The objects of the Offer are to

(i) the filing fees to SEBI;
(ii) NSE/BSE charges for use of software for the book building;
(iii) payments required to be made to Depositories or the Depository Participants; and
(iv) payments required to be made to Stock Exchange for initial processing, filing and listing of the Equity Shares.

Business strategies of Mazagon Dock Shipbuilders Limited

  • Export of their products to the international markets
  • Focus on ship repair
  • Augmentation of infrastructure and enhancing their manufacturing capacity

Mazagon IPO – Basis of the Offer Price

The Offer Price of the IPO will be determined by Mazagon Dock Shipbuilders in consultation with the Selling Shareholder and the lead managers. This would be determined on the basis of evaluation of market demand for the Equity Shares determined through the Book Building Process and on the basis of quantitative and qualitative factors.

The qualitative factors impacting the Offer Price are:

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

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-20 21.36 15.54
31-Mar-19 23.75 16.55
31-Mar-18 20.61 17.51 152.17
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] to Rs.[●] per Equity Share
Particulars P/E ratio
Highest 14.91
Average 11.25
Lowest 7.60

Mazagon Dock Shipbuilders IPO : Competitive Peers

Face Value (Rs.) P/E EPS (Basic) (Rs.) EPS (Diluted) (Rs.) Return on Net Worth (%) NAV per share (Rs.)
Mazagon Dock Shipbuilders Limited* 10 [●] 21.36 21.36 15.54 152.17
Listed Peers
Cochin Shipyard
Limited**
10 7.60 48.05 48.05 16.98 283.02
Reliance Naval and
Engineering Limited**
10 NA (23.87) (23.87) NA (165.10)
Garden Reach Shipbuild ers & Engineers Limited** 10 14.91 14.27 14.27 7.01 90.81

Mazagon Dock IPO Lead Managers

Lead Managers
Yes Securities (India) Limited
Axis Capital Limited
Edelweiss Financial Services Limited
IDFC Bank Limited
JM Financial Limited

Mazagon Dock Shipbuilders IPO Registrar to the Offer

Registrar of the Offer
ALANKIT ASSIGNMENTS LIMITED
Address: 205-208, Anarkali Complex, Jhandewalan Extension,
New Delhi – 110055
Telephone: +91 11- 4254 1954/971/933, +91 22-4348 1257
Email: kamalarora@alankit.com, abhinavka@alankit.com
Website: www.alankit.com
Investor Grievance ID: mdligr@alankit.com
Contact Person: Kamal Arora/ Abhinav Kumar Agrawal/Virender
Sharma
SEBI Registration Number: INR000002532

Mazagon IPO – Other Details

  • Statutory Auditor – JCR & Co., Chartered Accountants.
  • Legal Counsel to the Company – DSK Legal, Advocates & Solicitors
  • Bankers to the Company –  State Bank of India, HDFC Bank Limited

UTI Asset Management Company Ltd IPO (UTI AMC IPO) Detail

Incorporated in 2002, UTI AMC is in the business of managing the domestic mutual funds of UTI Mutual Fund, provides portfolio management services to institutional clients and high net worth individuals like Employee Provident Fund Organisation, National Skill Development Fund, Postal Life Insurance, and manages retirement funds viz. NPS, offshore funds like Shinsei UTI India Fund, and alternative investment funds catering to a diverse group of individuals, institutional investors, banks, trusts, and NRIs.

Key Facts about UTI AMC

  • According to CRISIL, UTI AMC is the largest AMC in India in terms of Total AUM, seventh-largest AMC in India in terms of mutual fund QAAUM with ₹1,542.3 billion, and also has the largest share of monthly average AUM amongst top ten Indian AMC coming from B30 cities.
  • The management fees from domestic mutual funds account for 72.7% of the total income of the company.
  • UTI AMC has established the first mutual fund in India and has been in the asset management industry for more than 55 years with a strong history and proven track record in mutual fund mutual industry with strong brand recognition.
  • UTI AMC has 11 million live folios accounting for 12.8% of client base managed by the Indian mutual fund industry.
  • UTI AMC has a national footprint with 163 UTI Financial Centres, 273 Business Development Associates and Chief Agents and 33 other Official Points of Acceptance. UTI AMC also has approximately 51,000 Independent Financial Advisors.
  • UTI AMC has four sponsors SBI, LIC, PNB and BOB each of which has the Government of India as a majority shareholder. UTI AMC also has a global asset management company T. Rowe Price International Ltd as one of its major stakeholders with a 26% stake in the Company.
  • As of September 30, 2019, UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid, and money market funds.

 

Company Promoters:

UTI AMC is a professionally managed company and does not have an identifiable promoter in terms of SEBI.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 32,634.28 31,549.18 30,132.63 29,192.52
Total Revenue 2,710.68 8,909.61 10,808.94 11,627.47
Profit After Tax 1,010.75 2,764.85 3,479.27 4,050.91

Objects of the Issue:

The objects of the Offer are:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. The sale of up to 38,987,081 Equity Shares by the Selling Shareholders

UTI AMC IPO Details

IPO Date Sep 29, 2020 – Oct 1, 2020
Issue Type Book Built Issue IPO
Issue Size 38,987,081 Eq Shares of ₹10
(aggregating up to ₹2,159.88 Cr)
Face Value ₹10 per equity share
IPO Price ₹552 to ₹554 per equity share
Market Lot 27 Shares
Min Order Quantity 27 Shares
Listing At BSE, NSE

UTI AMC IPO Tentative Date / Timetable

Bid/Offer Opens On Sep 29, 2020
Bid/Offer Closes On Oct 1, 2020
Finalisation of Basis of Allotment Oct 7, 2020
Initiation of Refunds Oct 8, 2020
Credit of Shares to Demat Acct Oct 9, 2020
IPO Shares Listing Date Oct 12, 2020

UTI AMC IPO Lot Size and Price (Retail)

Application Lots Shares Amount (Cut-off)
Minimum 1 27 ₹14,958
Maximum 13 351 ₹194,454

UTI AMC IPO Promoter Holding

Pre Issue Share Holding 98.96%
Post Issue Share Holding

UTI IPO Shares Offered by Investor Category

Category % No. of shares
QIB 50% 19,493,540
NII 15% 5,848,062
Retail 35% 13,645,480
Total 38,987,081

UTI AMC IPO Prospectus

UTI AMC IPO Rating

1819
4.2
Rating:Rated 4.2 stars

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Company Contact Information

UTI Asset Management Company Ltd
UTI Tower, ‘Gn’ Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400051, Maharashtra, IndiaPhone: +91 22 6678 6666
Email: cs@uti.co.in
Websitehttps://www.utimf.com/

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