Mazagon Dock Shipbuilders shares list at 49% premium against the issue price

Shares began to trade at Rs214.90, which is a 48% premium to its issue price of Rs145 per share on the NSE.

Oct 12, 2020 10:10 IST India Infoline News Service

Shares of Mazagon Dock Shipbuilders listed with a 49% premium against the issue price of Rs145. The stock began to trade at Rs214.90, which is a 48% premium to its issue price of Rs145 per share on the NSE. The shares then rose to as high as Rs216.95 in the early minutes of trade.

Mazagon Dock Shipbuilders Ltd is currently trading at Rs189.75, up by Rs44.75 or 30.86% from its previous closing of Rs145 on the BSE.

The scrip opened at Rs216.25 and has touched a high and low of Rs216.65 and Rs176.50 respectively.

Mazagon Dock Shipbuilders saw a fantastic response on its closing day, received bids of 4,816,459,117 shares against the offered 3,05,99,017 shares, as per the 5 PM data available on the websites of BSE and NSE.

The portion reserved for retail investors was subscribed 35.63 times. Non-Institutional Investor category was subscribed 678.88 times and Qualified Institutional Buyer category was subscribed 89.71 times. The employee category was fully subscribed at 3.88 times.

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