Mazagon IPO subscribed 7.5 times; UTI AMC mops up 80% on second day

Mazagon IPO subscribed 7.5 times; UTI AMC 80% on day two 

Mazagon Dock Shipbuilders’ Rs 440-crore initial public offering (IPO) garnered 7.5 times subscription on Wednesday, while UTI Asset Management Company’s Rs 2,160-crore issue garnered 80 per cent subscription. Likhitha Infrastructure's Rs 61-crore IPO garnered nearly three times subscription. All the three IPOs close on Wednesday.

Sumitomo Chemical OFS subscribed 2.2 times

The Rs 450-crore share sale in MNC firm Sumitomo Chemical Company was subscribed over 2.2 times. The 16.5-million share sale got bids for nearly 37 million shares from institutional investors. Through the offer for sale (OFS), Sumitomo’s Japanese promoters are divesting