Mazagon Dock Shipbuilders Limited (MDL) IPO: Review, Recommendations, Dates, Subscription status, Allotment status, Latest GMP - IPO Reviews

Thursday, April 5, 2018

Mazagon Dock Shipbuilders Limited (MDL) IPO: Review, Recommendations, Dates, Subscription status, Allotment status, Latest GMP

Mazagon Dock Shipbuilders Limited (MDL) is called as “Ship Builder to the Nation" as it manufactures submarines, warships, for the Indian Navy. The company also builds passenger ships, cargo carriers, tankers and ferries. MDL was established as a public company in 1934 and was nationalised in 1960. The company is established under Miniratna Category 1, meaning that the company is making profits for the last 3 years and earned a net profit of Rs 30 crores in one of the three years.

Since 1960, MDL has built total 795 vessels including 25 warships, from advanced destroyers to missile boats and 3 submarines. MDL had also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessel, water tankers, tugs, dredgers, fishing trawlers, barges & border outposts for various customers in India as well as abroad. MDL have also fabricated and delivered jackets, main decks of wellhead platforms, process platforms, jack-up rigs for OGNC.
Mazagon Dock Shipbuilders Limited (MDL) IPO: Review, Recommendations, Dates, Subscription status, Allotment status, Latest GMP

Name of the Company:  Mazagon Dock Shipbuilders Limited (MDL)
Promoters: President of India
Based in: Mumbai, Maharashtra, India
Year of Establishment: 18th Century

Area of business: 

MDL primarily manufactures warships and submarines for the Indian navy.

Issue Size: 

The Offer is being made through the Book Building Process, wherein 50% of the Net Offer shall be available for allocation, on a proportionate basis to QIBs and 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders,

Financials: 

The net worth of our Company (before buyback) as at September 30, 2017 was ₹ 3234.436 crores and ₹ 2841.778 crores on the consolidated and standalone basis respectively.

The total income was ₹4210.903 crores, ₹4886.692 crores, ₹4295.053 crores and ₹2062.593 crores for Fiscals 2015, 2016 and 2017 and for the six months period ended September 30, 2017 respectively. 

The profit for the year was ₹5285.20 crores, ₹6025.09 crores, ₹5489.86 crores and ₹2667.80 crores for Fiscals 2015, 2016 and 2017 and for the six months period ended September 30, 2017 respectively.

Earnings per share (EPS):

Mazagon Dock Shipbuilders Limited (MDL) IPO: Review, Recommendations, Dates, Subscription status, Allotment status, Latest GMP

Comparison with Peers:

Mazagon Dock Shipbuilders Limited (MDL) IPO: Review, Recommendations, Dates, Subscription status, Allotment status, Latest GMP

Return on Net Worth (RoNW): 

As on March 31, 2017:  19.84%
As on March 31, 2016:  23.71%

Registered and Corporate Office

Mazagon Dock Shipbuilders Limited
Dockyard Road, Mumbai – 400 010
Telephone: +91 22 2376 2000
Facsimile: +91 22 2372 5043
Website: www.mazagondock.in
Email: investor@mazdock.com

Book Running Lead Managers 

Yes Securities India Ltd 
Axis Capital Ltd
Edelweiss Financial Services Ltd
IDFC Bank Ltd

Registrar to the Offer

Alankit Assignments Limited


No comments:

Post a Comment