Mazagon Dock Shipbuilders is launching it’s IPO, the state-owned company is expected to raise around Rs. 400 - 500 crores, which includes an Offer for Sale from the promoter, the Government of India.
About the Company
Mazagon Dock Shipbuilders Ltd. is India’s leading defense public sector undertaking shipyard under the Ministry of Defence, engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. Mazagon 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.
For more information, you can refer to the IPO Prospectus filed by the company.
Indicative Timetable
Event
Date
Issue Period
29th Sep 2020 - 01st Oct 2020
Price Range
135 - 145
Minimum Bid Quantity
103
Finalisation of Allotment
7th Oct 2020
Initiation of Refunds
8th Oct 2020
Credit of Shares
9th Oct 2020
Listing
12th Oct 2020
Mandate end date
18th Oct 2020
How do I apply for the Mazagon Dock Shipbuilders IPO?
Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more.
I highlighted the text which I am talking about.
Why would a company use third-party reports and claim they are not verified by our company, BRLM, selling shareholders?
shouldn’t the company have knowledge of all this?
2-what does this dot signify
CRISIL is ratings, reasearch and analysis agency who do reasearch and analysis across all the fields and have plenty of information regarding specific sector or company and market in general.
To put it simply, if you can source all this information easily, will you waste your resources and time on the same?
The company’s don’t announce price of issue when they file DRHP, it is done latter, that is why the •.
Above you can see Price Range, if you multiply this by number of shares the company is offering you will get to know how much money the company expects to raise through the issue.
Hi,
I applied for the IPO and got the UPI Mandate link. I used my UPI app and was approving the mandate, entered my UPI Pin to approve, then the app crashed. restarted the app, the request was gone from the Request Mandate section and it showed pending in the My Mandates section of the app. Funds still haven’t been blocked from my account, don’t have another link to approve or reject . What should I do?
While applying for IPO through net banking, they ask DP name there and permit only 10 characters. i have demat with angel broking but i can’t enter the full name of DP as it exceeds 10 character so I write only Angel. Will application face any technical error due to such an issue?
If only 10 characters are allowed you can enter Angel. There shouldn’t be any issues.
Still, you should give your broker a call and confirm with them once.
You don’t have to do anything else, if you are alloted the shares, these will be credited to Demat account you have mentioned and amount will be automatically debited from your bank account.
As you suggested that I should confirm with brokers for DP name as only 10 characters are allowed. But they themselves are not sure and it should be angel broking only. Can you help me to understand how important DP name is in application? What if I write angel and shares are alloted. Will it create issue bcoz angel broking entire name js not written?
I have aaplied through SBI ASBA, but BSE website showing upi pending, but my amount is already in LIEN amount…please let me know why it is showing like that
From my Zerodha console I placed duplicate bid applications (2 applications) for Mazgaon Dock as well UTI-AMC. I was supposed to apply for my father’s D-MAT account, but both bids were applied through my own Zerodha console! I realized much later when I saw email confirmation.
Now they will reject my original bids? Can I request the registrar through email to correct D-MAT account for the second (my father’s) bids?
Can I delete the duplicate bids now after IPO closing!
Amount is blocked for all 4 bids. Will the amount get refunded after cancellation?
