Mazagon Dock and UTI AMC Listing on BSE: Mazagon Dock shares were listed at Rs 216 and UTI AMC shares at Rs 490. MAZAGON DOCK was listed at a 49 percent premium while UTI AMC was listed at an 11 percent discount.
Today two more new companies have entered the stock market. However, listings of both companies have been weak with estimates by experts. However, investors of Mazagon Dock Shipbuilders have made good profits. Mazagon shares were listed at a price of Rs 216 as against the issue price of Rs 145.
After this, the stock has touched the highest level of 216.95 on the BSE. Then there was a sharp profit booking. Right now (1:15 PM), the stock has come at a price of Rs 177.25.
Apart from this, the share of UTI AMC has been listed at a price of Rs 490.25 against Rs 554. Its listing is done at an 11.5 percent discount. In simple words, if you sell to investors, you will lose 12 percent now.
Mazagon Dock announcement says that it is a defence public sector company under the Defense Production Department. Mazagon Dock is mainly in the construction and repair of warships and submarines for the Department of Defence.
Apart from this, the commercial client is engaged in constructing and repairing other types of vessels, i.e., cargo vessels, multipurpose support vessels, tugs, dredgers, water tankers, etc.
Talking about Mazagon Dock, it is in a dominant position in its area. The business of the company is profitable, and it is showing good growth.
The IPO of Mazagon Postal Shipbuilders, a government company, received 157 times response. In contrast, investors did not show confidence in the mutual fund company UTI. The IPO was just a 2-fold response. The IPO of these two companies started on September 29 and closed on October 1.
UTI AMC's IPO was subscribed to 2.31 times on the last day. Earlier, its IPO was 56 and 27 percent subscribed on the second day and the first day.
Investors did not show much interest in the IPO of UTI Mutual Fund, which aims to raise Rs 2,100 crore. It got a 2.3 times subscription only. Its price band was fixed at Rs 552-554. According to the report, the company's business is related to mutual funds.
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 "Mazagon Dock's excellent listing, shares listed at Rs 216 as against Rs 145")
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