Introduction:
Defence stock dropped 6.5% after the President of India, through the Ministry of Defence, announced plans to sell a 4.83% stake via Offer for Sale to meet SEBI’s public shareholding norms through a two-day bidding process.
Share Price movement of Mazagon Dock Shipbuilders:
On April 4, 2025, Mazagon Dock Shipbuilders Limited opened at ₹2,575.00, reaching a high of ₹2,594.30, a low of ₹2,542.00 and down 6.43% from the previous close of ₹2,737.55,. The stock is currently trading at ₹2,561.55, with a market cap of ₹1,03,327.80 Crores.
Mazagon Dock Shipbuilders Shares Decline in Trade:
The President of India, through the Ministry of Defence, plans to sell up to 1,14,10,366 shares (2.83%) of Mazagon Dock Shipbuilders Ltd. via Offer for Sale (OFS), with an option to sell an additional 80,67,600 shares (2%).
The OFS will be conducted on April 4, 2025 for non-retail investors and April 7, 2025 for retail investors, employees, and carried-forward non-retail bids. The sale is in compliance with SEBI’s minimum public shareholding requirement.
Allocation will follow a price-priority basis with a 25% reservation for mutual funds and insurance companies. Retail investors may receive shares at a discount. Bids are permitted only through designated stock exchange platforms per SEBI’s OFS guidelines.
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Recent news About Mazagon Dock Shipbuilders:
Mazagon Dock Shipbuilders has initiated the construction of fourteen advanced fast patrol vessels for the Indian Coast Guard. This project, valued at ₹1,070 crore, aims to enhance coastal security and surveillance capabilities.
Stock performance of Mazagon Dock Shipbuilders for Period of 1 week, 6 months and 1 year:
Mazagon Dock Shipbuilders has delivered notable returns over different periods. In the past week, the stock gained 3.55%. Over the last six months, it rose by 34.4%. Impressively, it recorded a substantial 149% return over the previous one-year period, reflecting strong long-term performance.
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Shareholding pattern of Mazagon Dock Shipbuilders:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 84.83 | 84.83 | 84.83 |
| FII | 1.55 | 1.45 | 2.44 |
| DII | 1.46 | 1 | 0.83 |
| Retail & others | 12.16 | 12.71 | 11.89 |
About Mazagon Dock Shipbuilders:
Mazagon Dock Shipbuilders Ltd (NSE : MAZAGON) is a leading defence public sector undertaking in India, specializing in constructing warships and submarines for the Indian Navy. It also builds offshore structures and commercial vessels, supporting India’s maritime strength and shipbuilding capabilities.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
