Mazagon Dock shares in focus as Govt plans up to 4.8% stake sale via OFS

Mazagon Dock Shipbuilders’ stock fell more than 6% on Friday after the business revealed that the government will sell up to a 4.8% interest in the defence PSU through an offer for sale. Mazagon Dock Shipbuilders shares plummeted 6.74% to ₹2,550.90 on the BSE. The government plans to sell a 4.83% interest in Mazagon Dock Shipbuilders at a minimum price of ₹2,525 per share.

“The offer for sale at Mazagon Dock Shipbuilders Limited (MDL) will open tomorrow for non-retail investors. Retail investors can place bids on Monday. On April 3, DIPAM Secretary Arunish Chawla stated in a post on X that the government will divest 2.83% of its shares, with an extra 2% available as a green shoe option. The government is selling 1.14 crore equity shares in Mazagon Dock Shipbuilders, with a greenshoe option to sell an additional 80.67 lakh shares. The government might earn around ₹5,000 crore from the Mazagon Dock OFS, which offers up to 4.83% equity at a minimum price of ₹2,525 per piece.

Mazagon Dock Shipbuilders’ Stock Price Performance:

The share price of Mazagon Dock Shipbuilders has increased significantly, climbing 27% in the last month and 22% year to date. Over the previous six months, the defense PSU stock has increased by 34%. This strong performance contrasts sharply with the benchmark Sensex, which increased 4.4% in the last month but sank 2.8% year-to-date and 7.5% over the last six months. Mazagon Dock Shipbuilders shares have achieved remarkable returns over the long run, rising 145% in the previous year and an incredible 2,076% in the last three years, firmly placing them in the multibagger category.

Mazagon Dock Shipbuilders shares have achieved remarkable returns over the long run, rising 145% in the previous year and an incredible 2,076% in the last three years, firmly placing them in the multibagger group.