Axis Capital
Axis Capital IPO NOTE MAZAGON DOCK SHIPBUILDERS LIMITED Issue highlights Issue Details Incorporated on February 26, 1934, Mazagon Dock Shipbuilders Limited Offer for sale of up to 30,599,017 Equity (“MDL”), conferred with the 'Mini-ratna-I' status, is a defence public sector Shares (The offer shall constitute 15.17% of the post- undertaking shipyard under the Department of Defence Production, Ministry of offer paid-up equity share capital) Defence (“MoD”), 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. The shipyard builds warships and conventional submarines Issue highlights at its facilities in Mumbai and Nhava. Major customers for the shipyard include Issue size: ₹ 413 Cr – 444 Cr Indian Navy and Coast Guard. No. of shares: 30,599,017 Equity Shares Face value: ₹ 10 Since 1960, MDL has built a total of 795 vessels including 25 warships, from Employee Reservation: 345,517 Shares advanced destroyers to missile boats and three submarines. MDL had also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges and border Issue summary outposts for various customers in India as well as abroad. Price band : ₹ 135 – 145 The company has also fabricated and delivered jackets, main decks of wellhead Bid Lot: 103 Shares and in multiple thereof. platform, process platforms, jack up rigs etc. A few highlights in its shipbuilding are: Post Issue Implied Market Cap: ₹ 2,723 Cr – 2,925 Cr It is India’s only shipyard to have built destroyers and conventional • submarines for the Indian Navy.
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