Dixon Technologies India Limited IPO receives subscription of 117.83 times

The Initial Public Offering (IPO) of Dixon Technologies (India) Limited has received huge oversubscription with the issue garnering subscription of 117.83 times. The IPO has received subscription for 28,00,41,184 equity shares against the offer of 23,76,557 equity shares. The issue also received bids for 1,06,09,568 equity shares at cut-off price.

The company's IPO opened for subscription on Sep 6, 2017 and closed on Sep 8, 2017. The company came out with Initial Public offer for Fresh Issue of Rs 600 million and an Offer for Sale of upto 3,053,675 Equity Shares (including anchor portion of 1,018,027 Equity Shares).

The Qualified Institutional Buyers (QIBs) portion of the issue received subscription of 134.66 times with demand for 91467464 equity shares against the offer of 679264 equity shares.

The Non Institutional Investors portion of the issue received subscription for 175982928 equity shares against the offer of 509188 equity shares resulting in a subscription of huge 345.61 times.

The Retail Individual Investors (RIIs) portion of the issue garnered subscription of 10.60 times with bids for 12590792 equity shares against the offer of 1188105 equity shares.

IDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited and YES Securities (India) Limited were the Book Running Lead Managers to the IPO.

Sharekhan Limited, India Infoline Limited, Motilal Oswal Securities Limited and YES Securities (India) Limited were the Syndicate Members to the IPO.

Karvy Computer Share Private Limited is the Registrar to the company.

Source : Equity Bulls

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