Home / Markets / News / Mazagon Dock Shipbuilders up 19% on debut, UTI AMC lists at a discount

Mazagon Dock Shipbuilders up 19% on debut, UTI AMC lists at a discount

Mazgaon Dock is the only shipyard to have built destroyers and conventional submarines for the Indian Navy

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Indices ended higher on Monday after the finance minister announced fresh stimulus measures.

2 min read Last Updated : Oct 13 2020 | 2:26 AM IST

It was a mixed bag day for the two new listings on Monday. Shares of state-owned Mazagon Dock Shipbuilders got listed at Rs 216, a 49 per cent premium to its issue price. The stock gave up some of its gains and ended the session at Rs 173, with a gain of 19 per cent.

On the other hand, shares of UTI Asset Management Company (AMC) listed at an 11 per cent discount to its issue price of Rs 554. The stock ended the session at Rs 476.6, with a decline of 14 per cent.

Market players said high net-worth

Topics : Mazagon Dock Shipbuilders UTI AMC IPOs

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