Mazagon Dock Shipbuilders IPO: Price band, listing date, other details you need to know

Mazagon Dock Shipbuilders IPO will remain open for subscription from September 29-October 1.

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The price band for Mazagon Dock Shipbuilders IPO has been fixed at Rs 135-145.
NEW DELHI: Mazagon Dock Shipbuilders, the only firm in India that makes destroyers and submarines for the Indian Navy, will hit the primary market on September 29. The government, which has 100 per cent ownership of the company, will offload 15.17 per cent to raise maximum Rs 444 crore.

The company will not receive any proceeds from the offer and all such proceeds will go to the government helping it with constrained finances.

Here is everything you need to know about the IPO:

  1. When will Mazagon Dock Shipbuilders IPO open?
    Mazagon Dock Shipbuilders IPO will open for subscription on Tuesday, September 29 and will close on Thursday, October 1.
  2. What is the price band for Mazagon Dock Shipbuilders IPO?
    The price band for Mazagon Dock Shipbuilders IPO has been fixed at Rs 135-145.
  3. What is the lot size for Mazagon Dock Shipbuilders IPO?
    Investors can subscribe to the initial public offering (IPO) by betting for a lot of 103 shares or in multiples thereof. Retail investors can bid for a maximum of 14 lots at the lower band limit.
  4. What is the issue size of Mazagon Dock Shipbuilders IPO?
    The government of India would be selling 3,05,99,017 shares through the issue.
  5. What is the quota reserved for retail investors in Mazagon Dock Shipbuilders IPO?
    The quota for retail investors in Mazagon Dock Shipbuilders IPO is fixed at 35 per cent of the net offer. QIB quota is fixed at 50 per cent while the NII at 15 per cent.
  6. Is there any employee quota in Mazagon Dock Shipbuilders IPO?
    Yes. There is an employee reservation of up to 3,45,517 shares.
  7. When will Mazagon Dock Shipbuilders IPO's anchor details be disclosed?
    The details of Mazagon Dock Shipbuilders's IPO will be out either on the last day of this week or on Monday.
  8. When will the basis of allotment be out?
    The finalisation of the basis of allotment is likely by October 7 and the initialisation of refunds is likely by October 8. Meanwhile, credit of shares in the demat account is likely by October 9.
  9. On what date will Mazagon Dock Shipbuilders IPO list?
    Mazagon Dock Shipbuilders listing is likely by October 12.
  10. How to check Mazagon Dock Shipbuilders IPO allotment?
    Bidders for the issue can check the subscription status on: www.alankit.com, the online portal of Alankit Assignments, the registrar to the IPO. The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all applications and carries out the allotment process as per the prospectus.
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