India, Sept. 24 -- Mazagon Dock Shipbuilders Ltd. has announced public offering of 30599017 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 135.00 per share. The gross proceeds of the issue are expected to be Rs 44,368.57 lakhs.
The company's initial public offer (IPO) will open on 29 September 2020 and is expected to close on 01 October 2020, subject to customary closing conditions. The price band of the issue has been fixed at Rs 135.00-145.00 per share.
The IPO includes a fresh Issue of 30599017 Equity Shares of the Company at an price of Rs 145.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 103 shares with bids in multiples of 103.
Mazagon Dock Shipbuilders Ltd. anticipates using the pr...