Day 2 Subscription (As Of 5:25 pm)
- Qualified institutional buyers: 8.9 times
- Non-institutional investors: 0.3 times
- Retail investors: 3.3 percent
Dixon Technologies (India) Ltd.'s Rs 600-crore initial public offering was subscribed 4.26 times on the second day of bidding on Thursday.
The issue received bids for 10 crore shares against the 23.7 lakh equity shares that were on offer as of 5.25 p.m., according to the Noida-based consumer electronics manufacturer 's public relations agency.
The portion reserved for qualified institutional buyers (QIB) were subscribed nearly 9 times while the portion allotted to retail investors was subscribed more than 3 times. The demand from non-institutional investors remained muted for the second day as this segment bid for 0.3 times the number of shares set aside for it.
The company has priced its shares in the range of Rs1,760-1,766 per share.
The Rs 600-crore IPO consists of a fresh issue of shares worth Rs 60 crore and an offer for sale of 3.05 million shares by its investor Motilal Oswal Private Equity, which at the upper end of the price band will raise Rs 540 crore.
IDFC Bank Ltd, IIFL Holdings Ltd, Motilal Oswal Investment Advisors Ltd and Yes Securities (India) Ltd are managing the share sale.
Also Read: Dixon Technologies IPO: Here's All That You Need To Know
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