Mazagon Dock Shipbuilders Limited is coming up with an Initial Public Offering of 30,599,017 Equity shares which constitutes 15.17% of the post-offer equity share capital. The Shipbuilding company is planning to raise Rs.413 Cr - 444 Cr at a price band of Rs.135 - Rs.145 per share. Mazagon Dock is a defense public sector undertaking company and is engaged in the construction and repair of warships and submarines for the Ministry of Defence. It has a maximum capacity of 40,000 DWT (Deadweight tonnes). Mazagon Dock is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. The company has posted consistent profits in the last four fiscals with an efficient Return on Equity of 16.21% in the last three years. Moreover, it is also a debt-free company.Watch an exclusive analysis by our research analyst Mr. Sandeep Abhange to know some important business insight and what he recommends about this issue.