Shares of state-owned defence firm Mazagon Dock Shipbuilders made a strong market debut on Monday as the stock got listed at Rs 216.25 — a 49 per cent premium over its issue price of Rs 145.

On the NSE platform, the scrip debuted at Rs 214.90, up 48 per cent.

The initial public offer (IPO) of the company received stellar response from investors and was subscribed a whopping 157.41 times on the last day of bidding (October 1).

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