Mazagon Dock Shipbuilders and UTI AMC IPO : How to check share allotment status

The share allocation in Mazagon Dock Shipbuilders IPO will finalised on 7th October. Alankit Assignments Limited is the registrar of the IPO and investors can check the allotment on its website. The issue, which closed on October 1st, was subscribed a whopping 157.40 times. The Rs 443 crore initial public offer received bids for 3,05,99,017 shares against 4,81,64,59,117 shares on offer.

In Mazagon Dock Shipbuilders IPO, the retail individual investors segment was subscribed 35,65 times while qualified non institutional buyers category was subscribed 678.87 times and institutional investors 89.712 times.

The price range for the offer was fixed at Rs 135-145 piece and the lot size was 103 shares Minimum application money for retail investors at the upper price band per lot is Rs. 14,935. Retail investors could bid for a maximum of 13 lots.

Share allocation in UTI AMC IPO, which had also closed on October 1st, will also finalised on 7th October. KFIN Technologies Private Limited is the registrar of the UTI AMC IPO and investors can check their share allotment status on its website. The Rs 2160 crore initial public offer received bids for 31,102,348 shares against 2,73,50,957 shares on offer..

In UTI Asset Management Company Ltd IPO, the retail individual investors segment was subscribed 2.32 times while qualified non institutional buyers category was subscribed 3.33 times and institutional investors 0.92 times.

The price range for the offer was fixed at Rs 552-554 piece and the lot size was 27 shares Minimum application money for retail investors at the upper price band per lot is Rs. 14,958. Retail investors could bid for a maximum of 13 lots.

Both Mazagon Dock Shipbuilders and UTI AMC are expected to be listed on October 12.

Stock Market Trade Setup for 06th October : Things to know

On 5th October, BSE Sensex surged 276.65 points to 38973.70 while the NSE Nifty50 jumped 86.40 points to 11503.35 and formed a bullish candle on the daily charts.Stock market rised high on buyback news from the IT major TCS and green shoots in the economy.Most action was seen in IT, metals, healthcare and Bank while profit-taking was seen in telecom, utilities, consumer durables, and energy space.

According to pivot charts, Pivot point for market is 11511.23. The key support levels for the Nifty are placed at 11444.42, followed by 11385.48. If the index moves up, the key resistance levels to watch out for are 11570.17 and 11636.98.

Day High - 11578.05      Day Low - 11452.30        Market Close - 11503.35

Pivot Point = (11503.35+11578.05+11452.30) = 11511.23

Support 1 = 2*11511.23-11578.05 = 11444.42

Support 2 = 11511.23- (11578.05-11452.30) = 11385.48

Resistance 1 = 2*11511.23-11452.30 = 11570.17

Resistance 2 = 11511.23+ (11578.05-11452.30) = 11636.98

NSE NIFTY50 CHART

BSE SENSEX CHART

Stocks in News :

• Reliance Industries has called off the proposed merger of his group's entertainment business with Sony Pictures Networks India.
• Tata Consultancy Services the country's largest information technology company, market capitalisation topped Rs10 lakh crore for the first time.
• Techno Electric & Engineering Company has completed the transfer of remaining shares, representing about 12.74% of outstanding shares held in Jhajjar KT Transco to India Grid Trust.
• JSW Steel indirect subsidiary Periama Holdings, LLC, is considering a number of financing options including conducting an international offering of U.S. dollar denominated senior notes in an aggregate principal amount of up to USD 1 billion, subject to receipt of regulatory approvals. The Notes would be guaranteed by the Company. The proceeds of the Issue will be used for repayment of part of the existing indebtedness owed to the Company including interest thereon and for general corporate purposes.
• Vodafone Group announced on 1st September 2020 that it had agreed to proceed with the merger of Indus Towers and Bharti Infratel and now approach the National Company Law Tribunal to make the merger scheme effective.
• Infosys has completed the acquisition of Czech Republic-based GuideVision, an enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the Service Now platform.
• Steel Strips Wheels has received an order of nearly 3,200 wheels for the US truck trailer market. The export order is valued at $137 lakh and order will be executed from the company's Chennai plant.

Stock Market Trade Setup for 05th October : Things to know

On 1st October, BSE Sensex surged 629.12 points to 38697.05 while the NSE Nifty50 jumped 169.50 points to 11417 and formed a bullish candle on the daily charts. For the week, the index gained 3.3% forming a Bullish pattern on the weekly scale.

According to pivot charts, Pivot point for market is 11397.53. The key support levels for the Nifty are placed at 11366.47, followed by 11315.93. If the index moves up, the key resistance levels to watch out for are 11448.07 and 11479.13.

Day High - 11428.60     Day Low - 11347.05      Market Close - 11416.95

Pivot Point = (11416.95+11428.60+11347.05) = 11397.53

Support 1 = 2*11397.53-11428.60 = 11366.47

Support 2 = 11397.53- (11428.60-11347.05) = 11315.93

Resistance 1 = 2*11397.53-11347.05 = 11448.07

Resistance 2 = 11397.53+ (11428.60-11347.05) = 11479.13

NSE NIFTY50 CHART

BSE SENSEX CHART

Stocks in News :

• AGC Networks Subsidiary Black Box Holdings has completed the acquisition of Fujisoft Technology LLC (Dubai) and Fujisoft Security Solutions LLC (Dubai).
• ITI Company signed contract with Ministry of Defense to implement Rs 7,796 crore ASCON Phase-IV project.
• VST Tillers and Tractors Company sold 2,246 power tillers in September 2020 and sold 1,004 tractors also.
• Route Mobile Company completed the acquisition of primarily intellectual property and associated identified customer contracts of TeleDNA Communications, on a slump sale basis.
• Mubadala Investment Company, GIC and TPG will invest Rs 13,597.5 crore into RIL's subsidiary Reliance Retail Ventures.
• Tata Motors Company sold 44,444 vehicles in September 2020 sales in Q2 increased 13%.
• Hero MotoCorp Company sold 7,15,718 units in September 2020.
• Angel Broking Company to list shares on October 5. Issue price is fixed at Rs 306 per share.

Likhitha Infrastructure Limited IPO subscribed 8.426 times and Retail part subscribed 21.13 times on last day

The initial public offer (IPO) of Likhitha Infrastructure Limited subscribed 8.426 times on Thrusday the last day of the offering data from stock exchanges show.

Likhitha Infrastructure Limited had set a price band of Rs 117-120 per share and the IPO closed on 01st October.

The portion of shares reserved for non institutional investors was subscribed 5.40 times, while shares reserved for retail investors was subscribed 21.13 times.

Likhitha Infrastructure's initial public offer has been extended till 7th Oct and the price band has also been revised lower to Rs 116-120 per share, according to an update on the NSE.

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UTI Asset Management Company Ltd IPO subscribed 2.30 times and Retail part subscribed 2.32 times on last day

The initial public offer (IPO) of UTI Asset Management Company Ltd subscribed 2.30 times on Thrusday the last day of the offering data from stock exchanges show.

UTI Asset Management Company Ltd had set a price band of Rs 552-554 per share and the IPO closed on 01st October.

The portion of shares reserved for non institutional investors was subscribed 0.92 times, while shares reserved for retail investors was subscribed 2.32 times.

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Mazagon Dock Shipbuilders Ltd IPO subscribed 157.40 times and Retail part subscribed 35.63 times on last day

The initial public offer (IPO) of Mazagon Dock Shipbuilders Ltd subscribed 157.40 times on Thrusday the last day of the offering data from stock exchanges show.

Mazagon Dock Shipbuilders Ltd had set a price band of Rs 135-145 per share and the IPO closed on 01st October.

The portion of shares reserved for non institutional investors was subscribed 678.87 times, while shares reserved for retail investors was subscribed 35.63 times.

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