Defence public sector undertaking (PSU) Mazagon Dock Shipbuilders today issued fresh update on offer for sale (OFS) via its BSE filing. According to exchange filing, Government of India is all set to offload 4.83% stake in the PSU via an offer for sale (OFS). Govt will offload 2.83% stake (Base Offer Size) on April 4, 2025 for non-retail investors only. The OFS will open for retail investors on April 7 where govt will divest 2% stake. The floor price for the Offer will be Rs. 2,525. Meanwhile, Mazagon Dock Shipbuilders share price settled 5.05% higher to Rs 2735.45 per share on BSE. Mazagon Dock Shipbuilders shares zoomed 27.05% in last 1-month. The company’s market cap stood at Rs 1,10,342.58 crore. The ROE of the stock is as high as 40.47%. Check more details below:
Mazagon Dock Shipbuilders Issues Update on OFS
According to the exchange filing, “The Offer shall take place over two trading days on a separate window of the Stock Exchanges on April 4, 2025 (“T” day) and April 7, 2025 (“T+1” day), commencing from 9:15 a.m. and shall close on the same date at 3:30 p.m. (Indian Standard Time) on both days as per details given below.
1. For non-Retail Investors (defined below): Only non-Retail Investors shall be allowed to place their bids on T day, i.e., April 4, 2025. While placing their bids, non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 day for allocation to them in the unsubscribed portion of Retail Category (defined below).
2. For Retail Investors (defined below), Employees and for non-Retail Investors who choose to carry forward their un-allotted bids to T+1 Day. The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day, i.e., April 7, 2025.” commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time on the same date.
Mazagon Dock Shipbuilders Shares Performance
The 52-week high of Mazagon Dock share price on BSE is Rs 2929.98 per share (as on 05/07/2024) and 52-week low price is Rs 995.38 per share (as on 03/04/2024), respectively. Mazagon Dock share gained 144.75% in last 1-year, soared 732.89% in last 2-years, and delivered returns of 2076.52% in last 5-years.
Mazagon Dock Shipbuilders To Consider Dividend Soon
As per the BSE filing of the company issued as on March 28, 2025, Board of Directors of Mazagon Dock Shipbuilders Limited will meet on April 8, 2025 to consider declaration of 2nd interim dividend for the financial year 2024-25 to the equity shareholders of the Company.
Mazagon Dock Shipbuilders Dividend History
Mazagon Dock Shipbuilders recommended a total of 9 dividends since 2021. In last 1-year, the PSU recommended an equity dividend of Rs 35.30 per share. Its dividend yield is 0.67%. Board of Mazagon recommended highest ever dividend in 2024. It declared an interim dividend of Rs 23.19 per share with ex-dividend date set as Oct 30, 2024.
Mazagon Dock About
Mazagon Dock Shipbuilders Limited is one of the leading shipbuilding yards in India. The History of Mazagon Dock dates back to 1774, when a small dry dock was constructed in Mazagon. Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It came into existence in 1934. After its takeover by the Government in 1960, Mazagon grew to emerge as the premier war-shipbuilding yard in India, according to its official website.
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