At 69.8 Times, DCX Systems IPO Is The Third Most Subscribed Maiden Offer Of 2022
DCX Systems Ltd. became the third most subscribed initial public offering in 2022 so far, after Harsha Engineering International Ltd. and Electronics Mart Ltd.
The Rs 500-crore IPO was fully subscribed on the first day, and demand rose to 69.79 times the shares on offer by the end of the last day.
Institutional investors took the lead by subscribing to the IPO 84.32 times. Retail investors and non-institutional investors followed, bidding for 61.77 times and 44.97 times the portion set aside for them, respectively.
The Harsha Engineering IPO was the most heavily subscribed IPO so far in 2022 with a demand of 74.65 times. Electronics Mart Ltd. was close behind at 71.93 times.
DCX Systems offer comprises a fresh stock issuance worth Rs 400 crore and the sale of shares worth Rs 100 crore by existing investors at Rs 197–207 apiece.
The share sale, at the higher end of the price band, will fetch Rs 400 crore for the company. The issue represents 25% of the company's equity capital following the offering. At the upper end of its price range, the company is worth Rs 2,002 crore.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
