Mazagon Dock Shipbuilders IPO: Issue to open on September 29; price band fixed

NEW DELHI: Mazagon Dock Shipbuilders on Thursday said its initial public offering (IPO) will open for subscription on September 29, and the price band for the same has been fixed at Rs 135-145 per equity share. The issue will close on October 1.

The company will offer up to 3,05,99,017 shares through an offer for sale which includes a reservation of 3,45,517 shares for eligible employees.

At the upper end of price band, the government of India is selling shares to raise Rs 443.68 crore from the primary market.

Excluding the position reserved for employees, 50 per cent of the offer size is reserved for qualified institutional buyers, 15 per cent for high net-worth investors and rest 35 per cent for retail investors.

The IPO joins the issues of Likhitha Infrastructure and UTI Asset Management Company that will also open on September 29.


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