Dixon Technologies soars 64% on listing, Bharat Road Network trades flat

Consumer electronics manufacturer Dixon Technologies (India) Limited (DTIL) made a robust debut on the bourses, listing at Rs 2,725, up 54 per cent over its issue price of Rs 1,766 per share.

The stock hit a high of Rs 3,020 on the BSE and ended the day at Rs 2,892, a gain of 64 per cent over the issue price.

Dixon Technologies raised Rs 600 crore from its initial public offering (IPO), which got an overwhelming response from investors. Overall, the issue was oversubscribed 82.6 times, receiving bids for 280 million shares against the total issue size of 2.38 million