Day 1 Subscription
- Qualified institutional buyers: 134.41 percent
- Non-institutional investors: 4.03 percent
- Retail investors: 77.97 percent
The Rs 600-crore initial public offering of Noida-based consumer electronics manufacturer Dixon Technologies was subscribed 78 percent on the first day of the bidding on Wednesday.
The issue received bids for 14.4 lakh shares against the 23.7 lakh equity shares that were offer, as per the information available with the stock exchanges as on 5:30 pm.
The shares reserved for qualified institutional buyers (QIB) was subscribed more than 130 percent while the portion allotted to retail investors was subscribed nearly 78 percent. The offer saw muted interest from non-institutional investors who bid for only 4 percent of the shares reserved for them.
On Tuesday, the company raised Rs 179.8 crore from anchor investors, at the upper end of its IPO price band of Rs 1,760-1,766 apiece. DSP Blackrock, Goldman Sachs India Fund, Franklin Templeton Mutual Fund, HSBC Mutual Fund, HDFC Mutual Fund, Birla Sun Life, ICICI Prudential are among the anchor investors.
The IPO which is a combination of a fresh issue and an offer for sale will remain open till Friday.
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