Finally, Mazgon Dock Shipbuilders has got a go-ahead signal from the Market Regulator – the Securities and Exchange Board of India (SEBI) to launch an initial public offering. The public sector undertaking had submitted draft papers with the Sebi in April month seeking its clearance to float an IPO.

It obtained its “observations” on 10th August according to recent update with the markets watchdog. The market regulator Sebi’s “observations” are mandatory for any firm to float an IPO, FPO (follow-on public offer) and right issue.

The Initial offer is a part of the government’s target to garner INR 80,000 Cr. through the stake sales. So, be ready for the next IPO that will be launched soon.