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Dixon Tech, Bharat Road Network to list on bourses on Sept 18

Consumer electronics manufacturer Dixon Tech IPO was oversubscribed 117.83 times between Sept 6-8

Press Trust of India  |  New Delhi 

Dixon Tech, Bharat Road Network to list on bourses on Sept 18

Dixon Technologies and Bharat Road Network, which have concluded their initial public offers (IPOs) recently, will make stock market debut on Monday.

Consumer electronics manufacturer Dixon Technologies' IPO was oversubscribed 117.83 times between September 6-8.


The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 134.66 times, non-institutional investors-345.61 times and retail individual investors-10.60 times.

The company had fixed the price band at Rs 1,760-1,766.

The offer comprised of fresh issue aggregating up to Rs 60 crore shares and offer for sale of up to 30,53,675 shares by certain existing shareholders.

The IPO of was oversubscribed 1.81 times during September 6-8.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 1.33 times, non institutional investors 1.63 times and retail individual investors 5.69 times.

Bharat Road Network's over Rs 600 crore IPO had a price band of Rs 195-205 per share.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, September 15 2017. 22:07 IST
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