Mazagon Dock Shipbuilders IPO: Here's how to check share allotment status

The retail portion of the IPO was subscribed nearly 4 times, while the institutional investor category was over-bid by 90 times

The Rs 440-crore initial public offering (IPO) of Mazagon Dock Shipbuilders saw strong demand and was subscribed 157 times against the shares on offer, making it one of the most-subscribed public offering of a state-owned company.

The offering generated bids worth Rs 70,000 crore, with the high networth individual (HNI) portion of the issue getting 679 times subscription. The retail portion was subscribed nearly 4 times, while the institutional investor category was over-bid by 90 times.

The objectives of the IPO is to carry out the disinvestment of 30,599,017 equity shares constituting 15.17 per cent of company’s pre-offer paid