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Stellar Listing: Mazagon Dock Shipbuilders debuts at Rs 216, a 49% premium

The bumper listing was in line with analysts' expectations given company's strong orderbook position, attractive valuations and hefty IPO subscription.

October 12, 2020 / 06:22 PM IST

Mazagon Dock Shipbuilders, the country's largest defence company, started off the first day trade with a whopping 49 percent premium on October 12.

The stock opened at Rs 216.25 on the BSE, up by Rs 71.25 compared to issue price of Rs 145 per share.

On the NSE, it kicked off trading at Rs 214.95, a 48.21 percent premium of over IPO price.

The stock cooled off a bit from its opening price but still remained strong. At 10:03 hours IST, it was trading at Rs 182.25, up 25.69 percent with volumes of 11,21,858 shares on the BSE.