InvestorQ : The all important IPO of the PSU, Mazagon Docks opens for subscription on September 29 and will close on October 01 after remaining open for 3 days. It needs to be remembered that most banks don’t function on September 30 due to half yearly closing.
sarah Leo made post

The all important IPO of the PSU, Mazagon Docks opens for subscription on September 29 and will close on October 01 after remaining open for 3 days. It needs to be remembered that most banks don’t function on September 30 due to half yearly closing.

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natasha Samani answered.
4 weeks ago
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The Indian Navy gets their submarines and warships from a single company only which is Mazagon docks. Mazagon docks is completely owned by the government. The company wants to raise up to Rs.444 crore for which it will be putting 15.17% of their shares in the market. The government will get a hold of all the money gathered and will release it to the company as and when required.
Shares will be sold from 29th September to 1st October. The price of the IPO is set on Rs.135-145. 3,05,99,017 shares will be sold in this time period. Up to lot of 14 shares can be bought by retail investors while investors bet on lots containing 103 shares. Retail investors get a fixed quota of 35% of the net price offered. The amount of shares reserved for employees is 3,45,517. On www.alankit.com, people who want to bid on Mazagon docks Shipbuilders can look for the status of subscription.
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