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Mazagon Dock ShopBuilders Limited IPO – All the Facts You Need to Know
Last Updated: 14 September, 2026
2 min read
00:00 / 00:00
Introduction
There’s a new entry in the IPOs with Rs 444 crore initial public offering (IPO).
It’s the first government-owned company to hover over a primary market issue in 2020, opened for bidding today. The issue is open for subscription till Thursday.
Investors can also check the share market today to track current market movements and see how defence stocks and other sectors are performing alongside Mazagon Dock after its listing.
The company has an essential monopoly on building destroyers, frigates and submarines for Indian Navy and Indian Coast Guard in India.
Besides, it has built ships and tugboats for commercial use.
About – Mazagon Dock ShopBuilders Limited
Mazagon Dock, founded in 1934 and nationalised in 1960, is the only company building desecrators and submarines for the Navy.
Most of its top management is ex-Navy, including Narayan Prasad who is the chairman and managing director of the firm.
About the IPO issue
Under the book-building process, the government is selling 15.17 per cent in the defence PSU, to raise a limit of about Rs 444 crore.
The price band for the IPO has been fixed at Rs 135-145 per equity share, with lot size at 103 shares.
The company will offer up to 3,05,99,017 shares through an offer for sale which includes a reservation of 3,45,517 shares for eligible employees.
Financials
The company has posted profits continuously in the last four fiscal years.
The total Income was Rs 4,274.86 crore, Rs 5,027.63 crore, Rs 5,204.67 crore and Rs 5,535.31 crore for fiscals 2017, 2018, 2019 and 2020, respectively.
Similarly, the reported profit was Rs 598.26 crore, Rs 496.17 crore, Rs 532.47 crore and Rs 477.06 crore for fiscals 2017, 2018, 2019 and 2020, respectively
IPO insights
Once Mazagon Dock is listed on the BSE and NSE, investors can use a stock market heatmap to compare the performance of defence stocks and other sectors. This can provide broader market context when assessing the stock after listing.
Issue date | 29 September 2020 |
Issue Type | Book Built Issue |
Issue Size | 443.69 crores |
Lot Size | 103 shares |
Price Band | Rs. 135 to 145 per share |
Face Value | Rs.10 per share |
Listing At | BSE, NSE |
Closing Date | 01 October 2020 |
Anjali Sharma is a Finance Content Writer at Rupeezy with more than 10 years of experience in the finance industry. She holds an MBA in Finance and Marketing from the Symbiosis Institute of Management Studies. Anjali is passionate about financial research and brings in-depth expertise in mutual funds, ETFs, stocks, market news, IPOs, and trading.
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