Mazagon Dock Shipbuilders IPO Subscribed 2 Times on First Day of Bidding
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State-owned defence firm Mazagon Dock Shipbuilders' initial public offer (IPO) was subscribed 2 times on the first day of bidding itself. The IPO to raise Rs 444 crore received bids for 6,39,74,227 shares against 3,05,99,017 units on offer. The category meant for qualified institutional buyers (QIBs) was subscribed 4 per cent, that of non-institutional investors 78 per cent and retail individual investors' category 5.65 times.