Mazagon Dock IPO shines while UTI AMC and Likhitha Infrastructure clock in a tepid response from investors

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  • The mutual fund manager, UTI AMC's ₹2,160 crore IPO, got subscribed 2.21 times on the last day of bidding.
  • The state-owned defence firm Mazagon Dock Shipbuilders ₹444 crores initial public offering was one of the favourite choices for investors this week.
  • The Hyderabad-based oil and gas pipeline infrastructure service provider, Likhitha Infrastructure, received a decent response, especially from retail and high net worth investors.
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The Initial Public Offerings (IPO) for Mazagon Dock Shipbuilders, UTI Asset Management, and Likhitha Infrastructure Limited received a mixed response from investors before closing down for subscription today.

The UTI AMC IPO garnered a tepid response compared to its other IPO peers Mazagon Dock Shipbuilders and Likhitha Infrastructure.

UTI Asset Management ₹2,160 crore IPO: Tepid show

The mutual fund manager, UTI Asset Management Company (AMC), ₹2,160 crore IPO, got subscribed 2.21 times on the last day of bidding. According to the stock-exchange data, UTI AMC received bids for 5.92 crore equity shares against the offered size of 2.73 crore equity shares.
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UTI Asset Management IPOQualified Institutional BuyerNon-institutional InvestorRetail Individual InvestorEmployee Total
Offer size7,757,4165,818,06213,575,479200,00027,350,957
No. of times issue subscribed 3.34x0.93x2.13x1.16x2.21x

For UTI AMC IPO, the basis of allotment will be finalised on October 7, and the shares will hit the bourses on October 12. The grey market premium for the shares is floating around ₹35- ₹40 apiece.

Strong demand for Mazagon Dock Shipbuilders IPO ₹444 crore IPO

The state-owned defence firm Mazagon Dock Shipbuilders ₹444 crore initial public offering was one of the favourite choices for investors in the past week. According to the stock-exchange data, the Mazagon Dock Shipbuilders issue got subscribed 157 times, receiving bids for 480.5 crore equity shares against the offer size of 3.06 crore equity shares.
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Mazagon Dock Shipbuilders IPOQualified Institutional BuyerNon-institutional InvestorRetail Individual InvestorEmployee Total
Offer size15,126,7504,538,02510,588,725345,51730,599,017
No. of times issue subscribed 89.71x678.88x34.65x3.91x157.07x

The basis of allotment for Mazagon Dock Shipbuilders IPO will be finalised on October 7, and the shares will hit the bourses on October 12. The grey market premium for the shares is floating around ₹140 apiece.

Likhitha Infrastructure ₹61.2 crore IPO: Subdued investor interest

The Hyderabad-headquartered oil and gas pipeline infrastructure service provider, Likhitha Infrastructure, received a decent response, especially from retail and high net worth investors. According to the stock-exchange data, the issue was subscribed 8.3 times on the last day of bidding; receiving bids for 4.17 crore equity shares against an offer size of 51 lakh equity shares.
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Likhitha Infrastructure IPOQualified Institutional BuyerNon-institutional InvestorRetail Individual InvestorEmployee Total
Offer size2,550,000765,0001,785,00005,100,000
No. of times issue subscribed 0.45x5.39x20.77x08.30x

The basis of allotment for Likhitha Infrastructure IPO will be finalised on October 7, and the share will hit the bourses on October 12. The grey market premium for the shares is floating around ₹5-₹10 apiece.

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