| Initial public offering of 30,599,017 equity shares of face value of Rs.10 each ("equity shares") of Mazagon Dock Shipbuilders Limited (the "company" or the "issuer") through an offer for sale by the President of India, acting through the ministry of defence, government of india (the "selling shareholder"), for cash at a price of Rs.145 per equity share (the "offer price"), aggregating to Rs.443.69 Crores (the "offer"). Subject to receipt of necessary approvals from the government of india ("goi"), 345,517 equity shares may be reserved for eligible employees (defined below) (the "employee reservation portion"). The offer less employee reservation portion (if any) is referred to as the net offer. The offer will comprise of a net offer of 30,253,500 equity shares and the employee reservation portion of 345,517 equity shares. The offer and the net offer shall constitute 15.17% and 15% respectively of the postoffer paid-up equity share capital of the company.
The face value of the equity shares is Rs.10 each.
The Offer Price is 14.5 Times the face value of the Equity Shares. |