After a record subscription, Mazagon looks set to break defence IPO jinx

NEW DELHI: At 157.41 times subscription, Mazagon Dock Shipbuilders attracted the highest ever interest amongst all PSUs that have hit the primary market. It beat IRCTC, whose initial public offer (IPO) last year, drew 109.75 times subscription. With a strong grey market premium, the ‘Miniratna’ company now looks set to …

Read moreAfter a record subscription, Mazagon looks set to break defence IPO jinx

Mazagon IPO receives overwhelming response from investors, subscribed 157x on last day

The initial public offering of ship builder Mazagon Dock Shipbuilders Limited (MDL) closed on Thursday, with an overwhelming response from investors. “The issue was subscribed more than 157 times. We thank all the investors for their interest,” secretary of department of investment and public asset management (DIPAM) Tuhin Kanta Pandey …

Read moreMazagon IPO receives overwhelming response from investors, subscribed 157x on last day