
About the issue
Mazagon Dock Shipbuilders (MDS), a ‘Miniratna classification 1’ status organization is a defence public segment undertaking shipyard under the Department of Defence Production, which is hitting the essential capital market with its initial public offering (IPO) of equity shares of the face value of Rs 10 per share.
The value band has been fixed between Rs 135 and Rs 145, and the base bid lot is 103 equity shares, in the products of 103 equity shares from that point. The size of IPO is Rs 444 crore at the upper-value band, and the whole issue is a proposal available to be purchased of 30,599,017 equity shares by the selling investor.
The objects of the offer are basically to do the disinvestment of 3,05,99,017 value shares by Government of India (GOI), comprising 15.17 per cent of the organization’s equity share capital and furthermore, to accomplish the advantages of posting the equity shares on the Stock Exchanges.
The IPO will open for public membership on 29th September and close on 1st October 2020. The equity shares are to be listed on Bombay Stock Exchange and National Stock Exchange.
About the organization
Incorporated on 26th February 1934, MDS is a defence public area undertaking shipyard under the Department of Defence Production, Ministry of Defence (MoD) with a greatest shipbuilding and submarine capacity of 40,000 DWT. The organization is engaged with the development and fix of warships and submarines for the Ministry of Defence for use by the Indian Navy and different vessels for business customers.
The shipyard fabricates warship and other customary submarines at its units in Mumbai and Nhava (Maharashtra). The significant clients for the shipyard incorporate Indian Navy and Coast Guard. The organization is India’s only shipyard to have fabricated destroyers and ordinary submarines for the Indian Navy. It is additionally one of the underlying shipyards to fabricate Corvettes (Veer and Khukri Class) in India.
Since 1960, MDS has assembled an aggregate of 795 vessels, including 25 warships, from cutting edge destroyers to rocket boats and three submarines. They have likewise conveyed freight ships, traveller ships, supply vessels, multipurpose help vessels, big water hauliers, dredgers, fishing voyagers, flatboats and outskirt stations for different clients in India just as abroad.
Leave a Reply