Mazagon Dock Shipbuilders shares fall 9% to slip below Offer For Sale floor price
Shares of state-run defence company Mazagon Dock Shipbuilders Ltd., fell as much as 8% on Monday, April 7, extending their losses for the second straight session.
The stock had declined 7% last Friday as well, which was the day its Offer For Sale (OFS) for non-retail investors had opened for subscription.
The government planned to sell up to 4.83% stake in Mazagon Dock Shipbuilders through this Offer For Sale. The government had announced that they will be using the green shoe option for this stake sale, as the non-retail portion was subscribed 1.4 times the total number of shares on offer.
Retail investors are eligible to bid for shares of Mazagon Dock Shipbuilders through this OFS process today. Here is how you can subscribe to…
