President of India acting through the Ministry of Defence, Government of India has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 1,14,10,366 Equity shares of face value of INR 5/- each (additionally 50,000 equity shares of face value of Rs 5/- each may be offered to eligible employees) of Mazagon Dock Shipbuilders Limited. Date and time of the opening of the offer for Non-Retail Investors: April 04, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: April 04, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: April 07, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: April 07, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 2,525/- (Rupees Two Thousand Five Hundred Twenty Five only)
MAZDOCK · price
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The Government of India, through the Ministry of Defence, is selling up to 1,14,10,366 equity shares (face value INR 5 each) of Mazagon Dock Shipbuilders via the stock exchange OFS mechanism, with an additional 50,000 shares earmarked for eligible employees. The floor price has been fixed at INR 2,525 per share. Non-Retail Investors can bid on April 4, 2025 (9:15 AM to 3:30 PM), and Retail Investors on April 7, 2025 (9:15 AM to 3:30 PM). This is part of the government's broader disinvestment programme in public sector defence companies.
The OFS will increase the floating supply of shares in the market, which may create short-term price pressure around the sale dates. For retail investors, this is an opportunity to buy shares of a leading defence PSU at the floor price of INR 2,525, subject to allocation.