INSUBCONTINENT EXCLUSIVE:
Mazagon Dock Shipbuilders Public Offer: A total 481.65 crore bids were made, NSE data showsMazagon Dock Shipbuilders IPO:
Mumbai-based Mazagon Dock Shipbuilders' initial public offer was subscribed more than 157 times at the end of the final day of bidding on
Thursday. The IPO, worth Rs 444 crore, was open for subscription for three trading days starting September 29
The government, which had a 100 per cent ownership in Mazagon Dock Shipbuilders, looked to offload a 15.17 per cent stake in the defence
sector shipyard through the public offer. Shares of the company will be listed on stock exchanges BSE and NSE on October 12.At the end of
the third day of issue, 481.65 crore bids were made for Mazagon Dock Shipbuilders shares under the IPO, NSE data shows, as against its
issue size of 3.06 crore, marking a subscription of 157.41 times. Shares under the Mazagon Dock Shipbuilders public offer were available
in a price range of Rs 135-145 per unit, in lots of 103 (up to 14 lots).Incorporated in 1934, Mazagon Dock Shipbuilders operates under the
Mazagon Dock also manufactures dredgers, water tankers, cargo ships and multipurpose support vessels.Mazagon Dock Shipbuilders is the ninth
company to have launched its initial public offer so far this year.Earlier, SBI Card, Rossari Biotech, Mindspace Business Parks REIT,
Happiest Minds Technologies, Route Mobile, Compute Age Management Services, Chemcon Speciality Chemicals and Angel Broking had hit the
