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Strong retail interest sees DCX Systems IPO subscribed 2.19 times on day-1

Price band set at Rs 197-207 a share; retail portion sold 8.7x

IPOs to watch out for once the primary market starts buzzing
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The Rs 500 crore IPO comprises a fresh issue of Rs 400 crore and an offer for sale worth Rs 100 crore

BS Reporter Thiruvananthapuram
The initial public offering (IPO) of DCX Systems was subscribed to 2.19 times on Monday, the first day of the issue. The institutional portion was subscribed by 0.03 times, the wealthy investor portion by 3 times, and the retail portion by 8.7 times. The company has priced its IPO at Rs 197-207 a share. The Rs 500 crore offering comprises a fresh issue of Rs 400 crore and an offer for sale of Rs 100 crore. Last week the company allotted shares worth Rs 223 crore to 12 anchor investors including BNP Paribas, Volrado Ventures, Theleme, HDFC Large & MidCap,

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First Published: Oct 31 2022 | 7:53 PM IST

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