Mazagon Dock Shipbuilders IPO
The Mumbai builder of the Navy's destroyers, frigates and Scorpene submarines listed through a government offer for sale.
- Company
- Mazagon Dock Shipbuilders (MDL)
- Type
- IPO
- Status
- Completed
- Date
- 1 Oct 2020
- Value
- INR 4.43bn
- US$ equivalent
- US$60m
- Value basis
- ₹442.79 crore to the Government for 15.17% of Mazagon Dock; all secondary
- Region
- India
- Segment
- Listed equity
Parties
- Mazagon Dock Shipbuilders issuer
- Government of India (Ministry of Defence) selling shareholder
Key terms
- Offer
- Offer for sale by the President of India, acting through the Ministry of Defence
- Bid/offer period
- 29 Sep - 1 Oct 2020
- Book running lead managers
- YES Securities, Axis Capital, Edelweiss Financial Services, IDFC Securities and JM Financial
- Government holding after
- 84.83%
Sources
- SEBI: Mazagon Dock Shipbuilders Limited red herring prospectus sebi.gov.in · 19 Sep 2020
- DIPAM: disinvestment receipts 2020-21 dipam.gov.in · 2021
Record DEF-INV-2020-0019. Investments are kept apart from the financings register and never counted in debt totals.
