Mazagon Dock Shipbuilders IPO GMP History
Mazagon Dock Shipbuilders IPO has been listed on October 12, 2020 at a listing price of ₹214.9, against the issue price of ₹145 — a gain of ₹69.9 (+48.21%). The GMP peaked at ₹150 on 29 September 2020 and reached a low of ₹100 on 9 October 2020. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Mazagon Dock Shipbuilders IPO raised ₹443.69 Cr. through its IPO at a price band of ₹135 to ₹145 per share, with a lot size of 103 shares. The IPO was open for subscription from 29 Sep 2020 to 01 Oct 2020.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 11 Nov, 6:59 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 10 Oct 2020 | ₹ 105 | ▲ | 72% | — | — |
| 09 Oct 2020 | ₹ 100 | ▼ | 69% | — | — |
| 08 Oct 2020 | ₹ 110 | ▲ | 76% | — | — |
| 07 Oct 2020 | ₹ 100 | ▼ | 69% | — | — |
| 06 Oct 2020 | ₹ 110 | — | 76% | — | — |
| 05 Oct 2020 | ₹ 110 | ▲ | 76% | — | — |
| 03 Oct 2020 | ₹ 100 | ▼ | 69% | — | — |
| 02 Oct 2020 | ₹ 110 | ▼ | 76% | — | — |
| 01 Oct 2020 | ₹ 140 | ▲ | 97% | — | — |
| 30 Sep 2020 | ₹ 130 | ▼ | 90% | — | — |
| 29 Sep 2020 | ₹ 150 | ▲ | 103% | — | — |
| 28 Sep 2020 | ₹ 120 | ▲ | 83% | — | — |
| 26 Sep 2020 | ₹ 110 | ▲ | 76% | — | — |
| 25 Sep 2020 | ₹ 100 | — | 69% | — | — |
| 24 Sep 2020 | ₹ 100 | — | 69% | — | — |
| 23 Sep 2020 | ₹ 100 | — | 69% | — | — |
Mazagon Dock Shipbuilders IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 29 Sep 2020
- Close 01 Oct 2020
- Allotment 07 Oct 2020
- Refund/credit 08 Oct 2020
- Listing 12 Oct 2020
Mazagon Dock Shipbuilders IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹145 |
|---|---|
| GMP-based estimate (pre-listing) | ₹250 (+72.4%) |
| Listing gain / loss | +₹69.9 per share |
| Listing date | 12 Oct, 2020 |
| Actual listing price | ₹214.9 (+48.21%) |
Is Mazagon Dock Shipbuilders IPO GMP reliable?
Grey market premium for Mazagon Dock Shipbuilders IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Mazagon Dock Shipbuilders IPO full review for a fundamentals-based assessment before making any grey market trades.
Mazagon Dock Shipbuilders IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Mazagon Dock Shipbuilders IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Mazagon Dock Shipbuilders IPO
Mazagon Dock Shipbuilders Limited was incorporated in Bombay on 26 February 1934 as Mazagon Dock Private Limited. Its promoter is the President of India, acting through the Ministry of Defence.
It is a defence PSU shipyard under the Department of Defence Production, with a maximum shipbuilding and submarine capacity of 40,000 DWT according to the CRISIL Report in its RHP. It works in two divisions: shipbuilding, and submarines and heavy engineering.
Its order book on 31 July 2020 was Rs 540,740 million, all from the Ministry of Defence. It covered P-15 B destroyers, P-17A stealth frigates, Scorpene class submarines and refit work.
The IPO was Rs 443.69 crore and was entirely an offer for sale by the Government of India, so the company received no money. The price band was Rs 135 to Rs 145.
Frequently asked
What is the GMP of Mazagon Dock Shipbuilders IPO?
The current Grey Market Premium (GMP) of Mazagon Dock Shipbuilders IPO is ₹ 105.
What is the Kostak Price of Mazagon Dock Shipbuilders IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Mazagon Dock Shipbuilders IPO is not available.
What is the Subject to Sauda Price of Mazagon Dock Shipbuilders IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Mazagon Dock Shipbuilders IPO?
Mazagon Dock Shipbuilders IPO listed on October 12, 2020 at ₹214.9, against the issue price of ₹145 — a gain of +48.21%.
How did the GMP of Mazagon Dock Shipbuilders IPO trend before listing?
The GMP of Mazagon Dock Shipbuilders IPO was rising in its final days before listing. The GMP peaked at ₹150 on 29 September 2020. View the day-wise table above for the complete GMP history.
Explore Mazagon Dock Shipbuilders IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
