New Delhi: The Government of India will sell up to 4.83% stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share. The Offer for Sale (OFS) will open for non-retail investors on Friday, with retail investors having the opportunity to place bids starting on Monday, April 7, 2025.
According to IAS Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM), the government will divest 2.83% equity, with an additional 2% as a green shoe option. The OFS involves the sale of 1.14 crore equity shares, with the greenshoe option enabling the government to sell an additional 80.67 lakh shares.
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At the floor price, the share sale could raise around Rs 5,000 crore for the exchequer.
Mazagon Dock’s Stock Performance
Shares of Mazagon Dock Shipbuilders closed at Rs 2,735.45 on the BSE, marking a 5.05% increase from the previous day’s close.
The sale of these shares is part of the government’s broader strategy to reduce its stake in public sector enterprises while raising funds for the exchequer.
