Mazagon Dock to raise Rs 600 cr via IPO, to hit market by month-end

NEW DELHI: State-owned Mazagon Dock Shipbuilders is likely to raise Rs 500-600 crore through an initial public offer (IPO) by the end of this month, a senior company official said on Wednesday. The public sector undertaking had in August last year received Sebi's go ahead to float the initial share sale. Mazagon would see sale of over 2.24 crore equity shares, amounting to 10 per cent stake of the government.