ALSO READDixon Tech, Bharat Road Network to launch IPOs this week, eye Rs 1,200 cr Four companies line up Rs 2,500 cr IPOs next month Bharat Road Network IPO oversubscribed 1.80 times on last day Bharat Road Network IPO oversubscribed 1.33 times on last day Graphic: Biggest month for IPOs in 7 years
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 Bharat Road Network 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.
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