Mazagon Dock Ltd has scheduled its initial public offering (IPO) from September 29 at a price band of Rs 135- 145 per share.
The offer will comprise of 15.17% of the paid-up equity. The Mumbai based company is expecting to raise Rs 444 crore through the public issue.
The minimum lot can be applied for 103 equity shares and in multiples of 103 thereafter.
The state-owned company is engaged in the construction and repair of warships for the defence ministry and navy. It also engages with maintenance of vessels for commercial purposes. The company is conferred with the ‘Mini-ratna-I’ status.
Axis Capital, Yes Securities, Edelweiss Financial, IDFC Securities and are the book running lead managers to the issue.
