Mazagon Dock IPO subscribed 157 times while UTI AMC 1.7 times

Mazagon Dock IPO received bids worth nearly Rs 70,000 crore for an offer of Rs 444 crore. The previous best IPO from the public sector companies was from Indian Railway Catering and Tourism Corporation. The Rs 645-crore IRCTC IPO was subscribed almost 112 times last year in October.