Wednesday 30 September 2020

Mazagon Dock IPO Subscribed 7.52 times on Day 2


 


Mumbai, September 30, 2020: India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy (Source: CRISIL Report); received bids of 23,01,16,111 shares against the offered 3,05,99,017 shares, as per the 5pm data available on the websites of BSE and NSE. The portion reserved for retail investors was subscribed 15.53 times. Non-Institutional Investor category was subscribed 4.96 times and Qualified Institutional Buyer category was subscribed 2.83 times. The employee category was fully subscribed at 1.04 times.

The company has an established track record and has posted profits continuously in the last 4 fiscals. In FY20 it’s revenue stood at Rs. 34,766.96 mn from the shipbuilding division and Rs 14,935.39 mn from the submarine and heavy engineering division. As of July 31, 2020 the companies Order Book stood at Rs. 540,740 million comprising of three major shipbuilding projects and two submarine projects.

 

Collectively brokerage houses such as Geojit, Angel Broking, Mehta Equities Ltd., BP Equities Pvt Ltd., Asit C Mehta, Philip Capital, Religare Broking, SMC Capital, Ventura Securities, Choice broking, Hem Securities, Sushil Finance, ICICI Securities, LKP Securities, Nirmal Bang have given a "subscribe" rating to the issue with a medium and long term objective in mind, citing its revenue visibility, healthy ROE, debt free status, world class infrastructure facilities, expansion and diversification plans, export revival plans  besides its lower valuation viz peers.

 

Some of the recent warships delivered by Mazagon dock are INS Kolkata, INS Kochi and INS Chennai. The last vessel it delivered to the MOD for use by the Indian Navy was a Scorpene class submarine- INS Khanderi in 2019. The 1st Scorpene class submarine INS Kalvari was delivered in 2017

 

YES Securities Ltd, Axis Capital Ltd, Edelweiss Financial Service Ltd, Dam Capital erstwhile IDFC Securities Ltd and JM Financial Ltd are the BRLMs to the Issue.

 

 

         

30 Sep 2020 | 05:00:00 PM

    CAT

No of times

QIB

2.83 x

NII

4.96 x

Retail

15.53 x

EMP

1.04 x

Total

7.52 x

 

 

 

 

 

 

 

Tuesday 29 September 2020

DELIVERY OF RO-RO VESSELS FOR INLAND WATERWAYS AUTHORITY OF INDIA (IWAI)

 

 

   


Shri. Mathew George, Director, IWAI Kochi (LEFT) and 
Shri. Suresh Babu N.V Director (Operations), CSL (RIGHT).

 

DELIVERY OF RO-RO VESSELS FOR INLAND WATERWAYS AUTHORITY OF INDIA (IWAI)

                   

 

Cochin Shipyard Ltd delivered Two (2) Roll on Roll Off (RO-RO) vessels for Inland Waterways Authority of India which is a part of the order for a series of total 10 vessels comprising of Eight (08) nos Ro Pax vessels for operation and NW1 and NW2 and the current 02 nos Ro RO vessels.The delivery protocol was signed by Shri. Mathew George, Director, IWAI Kochi and Shri. Suresh Babu N.V Director (Operations), CSL in the presence of the Officials of IWAI and CSL.

 

2.       The 56 mtr long Ro-Ro Vessel is built with in-house design for day and night operation all around the year to carry 15 TEU container trailers and 30 passengers. These high quality vessels with modern communication equipment, has an ergonomically designed navigational wheel house, comfortable air-conditioned  accommodation for 8 crew and an open deck for easy loading and discharging of trucks and vehicles. The ship is built to the highest standards of the Indian Register of Shipping and Kerala Inland Vessels Rule and complying with the Prevention and Control of Pollution and Protection of Inland Water.



                                    


3.       These vessels are part of the order for a series of total 10 vessels comprising of Eight (08) nos Ro Pax vessels for operation and NW1 & NW2 which were delivered earlier to IWAI and the current 02 nos Ro Ro vessels for operations in NW3. CSL has invested its resources in the Inland Water Segment including the development of a dedicated shipbuilding facility in Kolkotta, with the aim of providing a complete solution to the customers operating in the Inland water segment.





Mazagaon Dock IPO Subscribed 2.09 times on Day 1

 



Retail book subscribed in wee hours of market opening


Mumbai, September 29, 2020: India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy (Source: CRISIL Report); received bids of 6,39,74,227 shares against the offered 3,05,99,017 shares, as per the 5pm data available on the websites of BSE and NSE. The portion reserved for retail investors was subscribed 5.65 times. Non-Institutional Investor category was subscribed 0.78 times and Qualified Institutional Buyer category was subscribed 0.04 times.

The company has an established track record and has posted profits continuously in the last 4 fiscals. In FY20 it’s revenue stood at Rs. 34,766.96 mn from the shipbuilding division and Rs 14,935.39 mn from the submarine and heavy engineering division. As of July 31, 2020 the companies Order Book stood at Rs. 540,740 million comprising of three major shipbuilding projects and two submarine projects.

Collectively brokerage houses such as Angel Broking, Asit C Mehta, Philip Capital, Religare Broking, SMC Capital, Ventura Securities, Choice broking, Hem Securities, Sushil Finance, ICICI Securities, LKP Securities, Nirmal Bang have given a "subscribe" rating to the issue with a medium and long term objective in mind, citing its revenue visibility, healthy ROE, debt free status, world class infrastructure facilities, expansion and diversification plans, export revival plans  besides its lower valuation viz peers

Some of the recent warships delivered by Mazgaon dock are INS Kolkata, INS Kochi and INS Chennai. The last vessel it delivered to the MOD for use by the Indian Navy was a Scorpene class submarine- INS Khanderi in 2019. The 1st Scorpene class submarine INS Kalvari was delivered in 2017

Yes Securities Ltd, Axis Capital Ltd, Edelweiss Financial Service Ltd, Dam Capital erstwhile IDFC Securities Ltd and JM Financial Ltd are the BRLMs to the Issue.

 



Monday 28 September 2020

‘चंद्रमुखी’ जाणार ऑन फ्लोअर; सध्याच्या परिस्थितीत नवं कोरं शूट सुरु करणारे हे पहिले मराठी बॅनर असेल....

 

रोलकॅमेराऍक्शनसाठी चंद्रमुखीहोणार सज्ज!

महाराष्ट्रात लॉकडाऊन जाहीर झाला त्या दरम्यान प्रेक्षकांच्या मनोरंजनासाठी प्लॅनेट मराठीचे अक्षय बर्दापूरकर आणि गोल्डन रेशो फिल्म्सचे पियूष सिंह यांनी अमिताभ बच्चन यांची प्रमुख भूमिका असलेला एबी आणि सीडीहा चित्रपट ओटीटी प्लॅटफॉर्मवर प्रदर्शित केला आणि आता जागतिक महामारीच्या परिस्थितीत योग्य ती काळजी घेऊन त्यांनी चंद्रमुखीया त्यांच्या आगामी मराठी चित्रपटाच्या चित्रिकरणाला सुरुवात करण्याचे ठरविले. अक्षय बर्दापूरकर हे सलग तिसऱ्यांदा पियूष सिंह यांच्यासोबत चित्रपटाची निर्मिती करत आहेत. प्रसिद्ध लेखक विश्वास पाटील यांच्या चंद्रमुखीया कादंबरीवर आधारित असलेला हा चित्रपट येत्या नोव्हेंबर महिन्यात ऑन फ्लोअर जाणार आहे. या जागतिक महामारीच्या प्रसंगातून सावरत पुढे येणारे हे पहिले मराठी बॅनर असेल.

चित्रपटाच्या चित्रीकरणाला सुरुवात होणार या बद्दल बोलताना दिग्दर्शक प्रसाद ओक म्हणाले, "दिग्दर्शक म्हणून माझा पुढील चित्रपट 'चंद्रमुखी' येत्या नोव्हेंबरला ऑन फ्लोर जातोय, अर्थात सर्व प्रकारची योग्य काळजी घेऊनच शूटिंग केले जाईल. ब-याच दिवसांनी चित्रपटाच्या सेटवर जातोय, नवीन कामाची सुरुवात होतेय, याचा आनंद आहेच, पण त्याचसोबत जबाबदारी देखील आहे. जानेवारीमध्ये 'चंद्रमुखी'चं पोस्टर तुम्ही पाहिलंत, त्याला खूप प्रेम दिलंत... आता तुम्हांला जाणून घ्यायचं असेल की "चंद्रमुखी" च्या भूमिकेत नक्की कोणती अभिनेत्री आहे आणि इतर कलाकार सुद्धा कोण आहेत...या सगळ्या प्रश्नांची उत्तरं देण्याची आणि माझी नवीन कलाकृती लवकरात लवकर तुमच्या समोर आणण्याची माझी देखील इच्छा आहे...!!! नेहमीप्रमाणे तुमचे आशीर्वाद आणि शुभेच्छा पाठीशी असुद्या...!!! लवकरच शूटिंगचा श्रीगणेशा होणार आहे...!!! गणपती बाप्पा मोरया...!!!"

हिंदी, तामिळ आणि इंटरनॅशनल चित्रपट सृष्टीत बरेच मोठे प्रोजेक्ट्स केल्यानंतर गोल्डन रेशो फिल्म्सने एबी आणि सीडीच्या निमित्ताने मराठीतही निर्मितीची सुरुवात केली. गोष्ट एका पैठणीचीया चित्रपटाच्या निर्मितीनंतर गोल्डन रेशो फिल्म्सचे COO पियुष सिंह पुढे देखील मराठी चित्रपटांची निर्मिती करण्यास तयार आहेत. चंद्रमुखीहा त्यांचा पॅशन प्रोजेक्ट आहे. याविषयी त्यांचे मत व्यक्त करताना त्यांनी म्हटले की, “पूर्वा पेक्षा आताचा प्रेक्षक वर्ग हा चित्रपटाच्या विषयासाठी अगदी हळवा आणि संवेदनशील आहे. या चित्रपटाला एका नव्या उंचीवर नेण्यासाठी आम्हांला उत्तम टीम लाभली आहे. याक्षणी कलाकार आणि कथानकाविषयी फारसे बोलू शकत नसलो तरी आम्हांला खात्री आहे की प्रेक्षकांना हा चित्रपट नक्की आवडेल.

अक्षय बर्दापूरकर यांच्यासाठी हा केवळ एक चित्रपट नसून हा लार्जर दॅन लाईफ प्रोजेक्टआहे आणि यावर टिप्पणी करताना त्यांनी म्हटले की, “विषयाच्या कथेसह प्रेक्षकांना एक सुंदर अनुभव देणारा चित्रपट म्हणून चंद्रमुखीहे उत्तम उदाहरण आहे. या चित्रपटाची कथा एका स्त्री भोवती फिरते जी समाजात चालणा-या अपारंपारिक मार्गावर स्वत:च्या वास्तवतेचा शोध घेते. चित्रपटाची कथा सांगण्यास आम्ही उत्साही आहोत, पण त्याच वेळी विश्वास पाटील यांची बेस्टसेलरची सत्यता टिकवून ठेवण्याची देखील मोठी जबाबदारी आहे. मराठी चित्रपटसृष्टीला आणखी उंचीवर नेण्याचे आश्वासन या चित्रपटाने दिले आहे.

 प्लॅनेट मराठी आणि गोल्डन रेशो फिल्म्स् निर्मित या चित्रपटात प्रसाद ओक यांचे दिग्दर्शन, चिन्मय मांडलेकर यांची पटकथा, संजय मेमाणे यांची सिनेमॅटोग्राफीनिलेश वाघ यांचं कला दिग्दर्शन पाहायला, अनुभवयाला मिळणार आहे आणि ब-याच वर्षांनी अजय-अतुल यांचं अस्सल मातीतलं संगीत ऐकण्याची संधी देखील मिळणार आहे.

Saturday 26 September 2020

Western India’s First Bilateral Hand Transplant Successfully Performed at Global Hospital, Mumbai

 

From L to R Dr. Amresh Baliarsing,Dr. Nilesh G Satbhai,  patient Ms Monika More and Dr. Vivek Talaulikar, CEO at press conference at  Global Hospital Parel 2

Recipient Monika More Gets Discharged to start her new life

Mumbai: 24-year-old Monika More, who is a resident of Kurla, Mumbai, will get discharged today after spending over 4 weeks at Global Hospital, Mumbai.  The patient, who underwent a 16-hour double hand transplant procedure successfully on August 28, has recovered very well and is excited to get a new lease of life and will attempt to become independent after a gap of almost 6 years.

Monika More, who was a teenager then, lost her both hands in 2014 after falling into a deadly platform gap at Ghatkopar Station. She tried to use prosthetic limbs for few months, but soon realised that they are practically useless and more of a burden.

Two years back, she was registered for Bilateral Hand Transplantation at Global Hospital, Mumbai. On several occasions, there were potential organ donors who could have donated hands for Monika. But she missed the opportunities, as the donor families did not agree for hand donation.  Finally, a suitable donor was identified in Chennai. A young man was brain-dead and his family generously agreed for hand donation. The donor hands were flown in from Chennai to Mumbai by a chartered flight, and bilateral hand transplant surgery was successfully performed on August 28.  Now, Monika is getting discharged today and wishes to live life the way she has always imagined.

Dr Nilesh G Satbhai, Consultant Plastic, Aesthetic, Hand & Reconstructive Microsurgeon, Global Hospitals, Mumbai, said, “After performing the complex procedure successfully, Monika was put on immunosuppressant medication. She was kept in the transplant ICU in a separate room, with a dedicated nurse as strict care and isolation was needed. Regular dressings were done for both the hands. The patient was able to sit up and walk with support for her arms on the 3rd day itself. She was given physiotherapy twice a day along with breathing and shoulder exercises. She initially had a plaster slab above the elbow till the hand to support the bones, and will need splints for more than a month.”

Dr Satbhai added, “In the next couple of weeks, she will be asked to move her elbow as well. Her hand and fingers are expected to start moving after 3-4 months as the nerve healing and recovery happens. The muscles, tendons and bones would also heal by then. The patient will need help with her day-to-day-activities till then. But, once the hands start functioning, and exercise and physiotherapy progress, she will be more independent. Her functional recovery will continue over the next year and half. After spending 4 weeks in the hospital (2 weeks in the TICU, 2 weeks in the HDU), Monika is now on oral medications only, and the immunosuppression doses have started tapering now. The patient has recovered smoothly and responded very well to the treatment. She will have to adhere to the follow-up instructions and continue exercising while at home.”

The movements of the patient’s mother and brother were restricted at the hospital. “The patient’s family was in touch with her via phone and video calls to minimize the chances of infection. Since the patient will be more prone to infections; she will have to stay isolated while at home for several months. No visitors will be allowed at home. The patient has been instructed to avoid all social events and gatherings, restrict stepping out of the house unnecessarily, and follow the COVID protocols and guidelines.”  

 

Elated patient Monika More stated, “I became emotional after the transplant as I strongly believed that I will get new hands and can fulfil my dream. Earlier, I would avoid attending functions or weddings as I couldn’t apply mehndi on my hands. But, after my hands get functional, I will apply mehndi, paint, and do activities such as eating, bathing, combing hair, and cooking on my own. I always wanted to become independent and I am happy that I will be able to do so.   I thank my late father, mother and brother, the family of the donor, who donated hands and other organs and the doctors from Global Hospital who gave me a fresh lease of life.”

“In the time of pandemic, a family in Chennai became a beacon of hope for the young girl by deciding to donate hands as this is very rare donation. We are glad that after a successful west India’s First Bilateral Hand Transplant, Monika would be able to lead a normal life post her recovery. The successful completion of the surgery and discharge of the patient is significant as this was never attempted before by any private hospital in India. Timely support by the authorities ensured safe and speedy transport of the organ from Chennai as keeping the transit time minimal was crucial. I hope that this successful surgery would bring hope to many other patients waiting for organs and create a drive towards organ donation especially of hands.,” concluded Dr Vivek Talaulikar, Chief Executive Officer, Global Hospital, Mumbai.


Thursday 24 September 2020

Mazagon Dock IPO Price Band set at Rs 135-145 per Share; Issue to Open on September 29, 2020

 

Vice Admiral, Narayan Prasad, CMD, Mazagon Dock Shipbuilders Ltd

 

·                Price Band of ₹ 135 – ₹ 145 per Equity Share, Face Value of Rs 10 each

·         Issue Opening Date – September 29, 2020 and Issue Closing Date – Oct 1, 2020

·         Minimum Bid Lot is 103 Equity Shares and in multiples of 103 Equity Shares thereafter

·         The Offer and the Net Offer will constitute 15.17% and 15.00% respectively of the post-Offer paid-up equity share capital of our Company.

·         The Floor Price is 13.5 times the Face Value of the Equity Shares and the Cap Price is 14.5 times the Face Value of the Equity Shares.

 

INITIAL PUBLIC OFFERING OF 30,599,017 EQUITY SHARES OF FACE VALUE OF ₹10 EACH (“EQUITY SHARES”) OF MAZAGON DOCK SHIPBUILDERS LIMITED (OUR “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 ₹[●] PER EQUITY SHARE (THE “OFFER PRICE”), AGGREGATING TO ₹[●] MILLION (THE “OFFER”). 345,517 EQUITY SHARES HAVE BEEN RESERVED FOR ELIGIBLE EMPLOYEES (AS DEFINED BELOW) (THE “EMPLOYEE RESERVATION PORTION”). THE OFFER LESS EMPLOYEE RESERVATION PORTION 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 WILL CONSTITUTE 15.17% AND 15.00% RESPECTIVELY OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

 

INS Delhi D61

Mumbai, September 24, 2020: Mazagon Dock Shipbuilders Limited, a wholly owned GoI company conferred with the Mini Ratna I status and India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy (Source: CRISIL Report); will be opening its initial public offering for subscription on September 29, 2020 and will close on October 1, 2020 with a price band of  ₹ 135 – ₹ 145 per Equity Share.

The Offer is being made through book building process in accordance with regulation 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 and regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended where allocation to QIBs is not more than 50% of the Net Offer, Non-Institutional Bidders is not less than 15% of the Net Offer and Retail Individual Bidders is not less than 35% of the Net Offer.

 The objects of the Offer are  to carry out the disinvestment of 30,599,017 Equity Shares by the Selling Shareholder constituting 15.17% of our Company’s pre-Offer paid up Equity Share capital. Issue Proceeds will go to the president of India, acting through the ministry of defense, Government of India (the Selling Shareholder)

.YES Securities India Ltd, Axis Capital Ltd, Edelweiss Financial Service Ltd, DAM Capital Advisors Limited (formerly known as IDFC Securities Ltd) and JM Financial Ltd are the BRLMs to the Offer.