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Mazagon Dock Shipbuilders’ IPO to open on September 29; price band at Rs 135-145/share
The initial public offering is of three ,05,99,017 shares through a suggestion purchasable (OFS). the difficulty will close for subscription on October 1, the corporate said during a virtual news conference .
Shares of the corporate are proposed to be listed on BSE and NSE. (Image source: Getty/Thinkstock)
State-owned defence firm Mazagon Dock Shipbuilders on Thursday said its initial public offering will open for bidding on Michaelmas and price band for the difficulty has been fixed at Rs 135-145 per share.
The initial public offering is of three ,05,99,017 shares through a suggestion purchasable (OFS). the difficulty will close for subscription on October 1, the corporate said during a virtual news conference .
The offer is predicted to boost about Rs 444 crore at the upper end of the worth band and at the lower range about Rs 413 crore.
Shares of the corporate are proposed to be listed on BSE and NSE.
YES Securities, Axis Capital, Edelweiss Financial, IDFC Securities and JM Financial are the managers to the offer.
The company is engaged in construction and repair of warships and submarines to be used by the Indian Navy and other vessels for commercial clients, consistent with the red herring prospectus.
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