07-May-2025Company News


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Mazagon Dock Shipbuilders Ltd - Notice of Offer for Sale of Shares by Promoter & Floor Price
The President of India acting through and represented by the Ministry of Defence Government of India is the promoter of Mazagon Dock Shipbuilders Ltd (the 'Promoter' and the 'Seller') proposes to sell up to 11410366 Equity Shares of the Company (representing 2.83% of the total paid up equity share capital of the Company) ('Base Offer Size') on April 4 2025 ('T day') (for non-Retail Investors only) and on April 7 2025 ('T+1 day') (for Retail Investors Employees and for non-Retail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell 8067600 Equity Shares (representing 2% of the total issued and paid up equity share capital of the Company) (the 'Oversubscription Option') through a separate designated window of the Stock Exchanges collectively representing 4.83% of the total issued and paid up equity share capital of the Company (held in dematerialized form in one or more demat accounts with the relevant depository participant) in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the 'Offer'). In the event that the Oversubscription Option is exercised the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will collectively hereinafter be referred to as 'Offer Shares' while in the event that such Oversubscription Option is not exercised the Equity Shares forming part of the Base Offer Size will be referred to as 'Offer Shares'.Additionally 50000 Equity Shares of the Company (equivalent to 0.26% of the Offer Shares) may be offered to eligible employees of the Company in accordance with the terms and conditions provided in the OFS Guidelines subject to approval from the competent authority (the 'Employee Offer'). The eligible employees may apply for Equity Shares amounting up to Rs. 500.000.The Offer shall be undertaken exclusively through the Sellers Brokers named below on a separate window provided by the Stock Exchanges for this purpose.Date and time of the opening and closing of the offer :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).The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day i.e.. April 4 2025 commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date.Those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un-allotted bids to T+1 day shall be allowed to carry forward and also revise their bids on T+1 day as per the OFS Guidelines.2. For Retail Investors (defined below) Employees and for non-Retail Investors who choose to carry forward their un-allotted bids to T+1 DayThe 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.Only Retail Investors (defined below) and employees shall be allowed to place their bids on T+1 day i.e. April 7 2025. Further those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their unallotted bids to T+1 day shall be allowed to revise their bids on T+1 day as per the OFS Guidelines.Floor Price :The floor price for the Offer shall be Rs. 2525 (Rupees Two Thousand Five Hundred Twenty-Five Only) per Equity Share ('Floor Price').