Grey market sees up to 80% listing pop for Mazagon, weak start for UTI AMC

The unlisted market is suggesting a robust debut for PSU mini-ratna Magazon Dock Shipbuilders on Monday, while mutual fund firm UTI Asset Management Company (AMC) may open flat to marginally lower from its issue price. According to the dealers of unlisted space, Magazon Dock Shipbuilders was available at a premium …

Read moreGrey market sees up to 80% listing pop for Mazagon, weak start for UTI AMC

Don’t expect Mazagon to do an IRCTC on debut; grey market premium shrinks

NEW DELHI: After a series of stellar debuts on Dalal Street, PSU mini-ratna Mazagon Dock shipbuilders was being projected as the next stock waiting to deliver eye-popping listing gains. Investors are keenly awaiting for the debut as the initial public offer (IPO) saw highest-ever subscription among all PSUs that have …

Read moreDon’t expect Mazagon to do an IRCTC on debut; grey market premium shrinks

Mazagon Dock IPO subscribed 22 times; NII quota 144 times

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) …

Read moreMazagon Dock IPO subscribed 22 times; NII quota 144 times

Brookfield REIT files draft offer documents with Sebi for IPO

Mumbai: Brookfield REIT has filed draft offer documents with the market regulator The Securities and Exchange Board of India (Sebi), to raise funds through an initial public offer. This will be the third REIT IPO to hit the market after Embassy Office Parks and Mindspace Business Parks REITs. Brookfield REIT …

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UTI AMC IPO: UTI AMC raises Rs 644.64 cr from 67 anchor investors ahead of the IPO

UTI Asset Management Company Limited, the second largest asset management company in India in terms of Total AUM, allotted 1,16,36,124 equity shares to 67 anchor investors and raised Rs 644.64 crore ahead of the company’s proposed IPO at an upper price band of Rs 554 per equity shares. The anchor …

Read moreUTI AMC IPO: UTI AMC raises Rs 644.64 cr from 67 anchor investors ahead of the IPO