Mazagon Dock's ₹444-cr IPO gets ₹70,000 cr bids, subscribed record 157 times

Mazagon Dock Shipbuilders' IPO was subscribed 157.41 times on the final day, receiving bids worth nearly ₹70,000 crore and becoming the most subscribed maiden issue by any state-owned company. The government is selling a 15.17% stake in the shipyard to raise ₹444 crore. Mazagon Dock makes warships and submarines for the Navy as well as other vessels for commercial clients.