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The initial public offering by Mazagon Dock Shipbuilders got subscribed over 22 times on the last day of the bidding process.
The Rs 444 crore public offer has received bids for 67,47,27,765 shares as of 12.30 pm against 3,05,99,017 units on offer.
The portion meant for qualified institutional buyers (QIBs) was subscribed 8.74 times, that of non-institutional investors 144 times and retail individual investors' category 23.66 times. Employees quota also got oversubscribed by 1.92 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 the BSE and the NSE.
Mazagon Dock Shipbuilders is India's leading defence public sector undertaking shipyard under the Ministry of Defence (MoD).
It is primarily engaged in constructing and repairing warships and submarines for MoD and other types of vessels including cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers for commercial clients.
The Rs 444 crore public offer has received bids for 67,47,27,765 shares as of 12.30 pm against 3,05,99,017 units on offer.
The portion meant for qualified institutional buyers (QIBs) was subscribed 8.74 times, that of non-institutional investors 144 times and retail individual investors' category 23.66 times. Employees quota also got oversubscribed by 1.92 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 the BSE and the NSE.
Mazagon Dock Shipbuilders is India's leading defence public sector undertaking shipyard under the Ministry of Defence (MoD).
It is primarily engaged in constructing and repairing warships and submarines for MoD and other types of vessels including cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers for commercial clients.