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Mazagon Dock Shipbuilders IPO: Should you invest?

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State-owned defence company Mazagon Dock Shipbuilders Ltd. is launching its initial public offering this Wednesday. The IPO joins the issues of Likhitha Infrastructure Ltd. and UTI Asset Management Company Ltd. that will also open on September 29.

A listing will make Mazagon Dock the third government company in the shipbuilding space to go public. Cochin Shipyard Ltd. and Garden Reach Shipbuilders and Engineers Ltd. were the earlier two which listed on the bourses.

The Offer & Shareholding . . .

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