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The initial public offering by Mazagon Dock Shipbuilders’ got subscribed nearly 2.50 times on the second day of bidding till 10.30 am (IST). The Rs 444 crore IPO has received bids for 7,56,55,560 shares so far against 3,05,99,017 units on offer.
The category meant for qualified institutional buyers (QIBs) was subscribed nearly 4 per cent, that of non-institutional investors oversubscribed 1.18 times and retail individual investors' category 7.41 times.
The company has fixed a price band of Rs 135-145 per share.
YES Securities, Axis Capital, Edelweiss Financial Services, DAM Capital Advisors and JM Financial are the managers to the offer, which would close for bidding on Thursday.
Shares of the company are proposed to be listed on both BSE and NSE.
The company is engaged in construction and repair of warships and submarines for use by the Indian Navy and other vessels for commercial clients, according to the red herring prospectus.
The category meant for qualified institutional buyers (QIBs) was subscribed nearly 4 per cent, that of non-institutional investors oversubscribed 1.18 times and retail individual investors' category 7.41 times.
The company has fixed a price band of Rs 135-145 per share.
YES Securities, Axis Capital, Edelweiss Financial Services, DAM Capital Advisors and JM Financial are the managers to the offer, which would close for bidding on Thursday.
Shares of the company are proposed to be listed on both BSE and NSE.
The company is engaged in construction and repair of warships and submarines for use by the Indian Navy and other vessels for commercial clients, according to the red herring prospectus.