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Mazagon Dock Shipbuilders Limited is a Defence Public Sector Undertaking under ministry of Defence. It is one of the India's leading shipyards with a capacity to meet requirements of the Indian Navy. Mazagaon dock was first constructed in 1774 as a small dry dock, which was incorporated as a public limited company in 1934, before being taken over by Govt. of India in 1960. The shipyard builds warships and conventional submarines at its facilities in Mumbai and Nhava. Major customers for the shipyard include Indian Navy and Coast Guard. The company claims to be the India's only shipyard that builds destroyers and conventional submarines for the Indian Navy. The company is one of the ship builders for P17-A project for building next generation guided missile stealth frigates through collaboration with Fincantieri, Italy. The company has dropped the repair work of ships since 2016.
|S.No.||1 - Company||2 - Directors||3 - Promoters|
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||1,108.80||-||-||-||-||-|
|Amt. (In Million Rs.)||1,134.70||14,458.55||-||-||-||-|
|Gross Operating Income||55353.07||52046.74||50276.29|
|Cost of Employee & Inventory||44189.46||40498.04||40156.28|
|Profit Before Tax||7353.69||7781.15||6504.07|
|Profit After Tax||3836.9||4703.84||3935.73|
The promoter of the company is Government of India.
Indian shipbuilding business is not restricted in the hands of public sector only but many private players have been involved in building and repairing shipbuilding and submarine division. In the public sector space, the company will face competition from Garden Shipyard, Goa shipyard, Cochin shipyard and Hindustan shipyard out of which Garden shipyard and Cochin shipyard are listed while in the private sector, Reliance Defence and Engineering Limited, L&T Shipyard, Bharti Shipyard, ABG Shipyard and Tebma Shipyard are involved in the similar business.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to 30,599,017 Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale. Offer for Sale Size is of 30,599,017 Equity Shares making it an amount of Rs. 443.69 crores at the upper price band. The sole purpose of the IPO is to achieve listing gains through disinvestment.