Mazagon Dock IPO GMP (Grey Market Premium) Today | Check Daily Movement

Mazagon Dock Shipbuilders IPO is scheduled to open on 29 September and is priced in the range of INR135 – 145 per share. The public sector unit makes warships and submarines for the Indian Navy and other clients. Given the volatility in secondary markets in recent days has affected sentiments, the IPO is traded actively in the grey market and commands strong premium. Check out the latest Mazagon Dock IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.

Mazagon Dock IPO details

Subscription Dates 29 September – 1 October 2020
Price Band INR135 – 145 per share 
Fresh issue Nil
Offer For Sale 30,599,017 shares (INR413.09 – 433.69 crore)
Total IPO size 30,599,017 shares (INR413.09 – 433.69 crore)
Minimum bid (lot size) 103 shares 
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Mazagon Dock Shipbuilders has a long operating history and has delivered a total of 795 vessels since 1960. This includes 25 warships, from advanced destroyers to missile boats and three submarines. Although there is no discount for retail investors in this PSU IPO, the valuations are already very attractive and there is strong demand in informal market. Nevertheless, please note that Mazagon Dock IPO grey premium can vary a lot if secondary markets witness even more volatility. Therefore, it is wise to not base the investment decision on IPO GMP alone. Please contact your financial advisor before investing.

Mazagon Dock IPO GMP (Grey Market Premium) rates

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
6 Oct 2020 110 400 8,500
5 Oct 2020 110 400 9,000
3 Oct 2020 100 300 8,500
2 Oct 2020 110 450 9,500
1 Oct 2020 140 450 10,000
30 Sep 2020 130 400 9,500
29 Sep 2020 150 400 9,500
28 Sep 2020 120 400 7,500
26 Sep 2020 110 350 7,000
25 Sep 2020 100 300 6,500
24 Sep 2020 100 400 7,000

Important points about IPO grey market and IPO GMP

IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
IPO GMP is the rate of premium an IPO commands per share in the informal grey market. This is the leading indicator of how the market perceives the IPO.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

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