The basis of share allotment for Mazagon Dock Shipbuilders Ltd initial public offer (IPO) will be finalised on Wednesday. It received bidding upto 157.4 times till the final day.
The mini-ratna state entity Rs 444 crore public offer was open between September 29 and October 1. The price band was in the range of Rs 135-145 per share.
High networth individuals (HNIs) portion was subscribed 679 times, while the retail investors quota reserved witnessed 35.6 times subscription. The quote reserved for qualified institutional buyers (QIBs) was subscribed 89.71 times.
The applicants can check the BSE website for checking the allotment status by inserting the depository ID number and the Pan number.
The investors who took part in the bidding process can also check the status on the portal of Alankit Assignments, the registrar to the IPO.
