Friday 6 October 2017

Dixon Technologies(India) Limited- (DTIL)

Dixon Technologies IPO subscribed 78% on Day 1! Can it offer decent listing gains




The Rs 600-crore initial public offering (IPO) of Noida-based consumer electronics manufacturer Dixon Technologies was subscribed 78 per cent on the first day of the bidding on Wednesday. 

The issue received bids for 18,58,776 shares as against the total issue size of 23,76,557 shares. 

The qualified institutional buyers (QIBs) quota was oversubscribed 1.34 times, non institutional investors 4 per cent and retail investors 78 per cent. 

The shares would be sold in Rs 1,760-1,766 price band. The offer comprises fresh issue aggregating up to Rs 60 crore besides an offer for sale of up to 30,53,675 shares by certain existing shareholders. 

The company, which caters to Panasonic, Philips Lighting India, Haier Appliances, Gionee, Surya RoshniBSE 4.58 %, Reliance Retail and Intex Technologies, among others, on Tuesday said it raised Rs 179.78 crore from anchor investors, including Goldman Sachs India and Kuwait Investment Authority Fund. 

see more :http://bit.ly/2xY64SV


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