RS 15000 BECOMES RS 5.79 LAKH IN THIS DEFENCE STOCK IN LESS THAN 4 YEARS

Mazagon Dock Shipbuilders Share Price Today: Shares of Mazagon Dock Shipbuilders on Thursday, July 4, were locked in at 20 per cent upper circuit at Rs 5,623.50 apiece on the BSE. About 14,17,435 shares changed hands on the BSE and about 2,08,93,372 shares on NSE.

The defence stock has doubled in just about a month, rising nearly 110 per cent in the said period. So far in 2024, the stock delivered 146 per cent returns.

Mazagon Dock Shipbuilders Share: From Rs 15000 to Rs 5.66 lakh

Looking back further, the stock, ever since it made its D-Street debut on October 12, 2020, it has rallied over 3,778 per cent.

If someone had applied for one lot of its IPO, amounting to Rs 14,935, their investment would now have turned Rs 5.79 lakh, including the initial amount invested.

Mazagon Dock Shipbuilders IPO Details

Mazagon Dock IPO was a book built issue of Rs 443.69 crore. The issue was entirely an offer for sale of 3.06 crore shares. Bidding for the public issue started from September 29, 2020 and ended on October 1, 2020. The price band was set at Rs 135 to Rs 145 per share.The minimum lot size for an application was 103 shares. The minimum amount of investment required by retail investors was Rs 14,935.

Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Edelweiss Financial Services Ltd, Jm Financial Limited and Yes Securities (India) Limited are the book running lead managers of the Mazagon Dock IPO, while Alankit Assignments Ltd is the registrar for the issue.

About Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders is a shipbuilding yard company. The company is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. It is also engaged in the production of defence equipment.

The company is organised into two segments: Shipbuilding (New Construction and Ship Repairs) and Submarine. Its shipbuilding segment includes the building and repair of Naval ships. Its submarine division includes building, repair and refits of diesel and electric submarines for the Ministry of Defense (MoD) for use by the Indian Navy.

It provides cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts. The company caters to both national and international customers in the Defense sector as well as civil operations.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-07-04T11:12:51Z dg43tfdfdgfd