DCX Systems soars 48% on debut, shares worth Rs 1,090 crore change hands

Strong debut follows huge response to IPO, which was oversubscribed nearly 70 times

Shares of DCX Systems ended 48 per cent above their IPO price during their stock market debut on Friday. They finished at Rs 307 as against the issue price of Rs 207. The stock hit a high of Rs 319.9 and a low of Rs 287 on the National Stock Exchange, where shares worth Rs 1,090 crore changed hands. 

The strong debut follows a huge response to the company’s IPO, which saw nearly 70 times more demand than the shares on offer. DCX’s IPO consisted of a fresh fundraise of Rs 400 crore and an offer for sale worth Rs