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Dream run for Indian IPOs continues

Dixon Technologies sees 25x subscription, five IPOs to hit the market in next two weeks

Dream run for Indian IPOs continues
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Pavan Burugula Mumbai
The buoyancy in the primary market continues with the initial public offering (IPO) of Dixon Technologies receiving an impressive response from investors. The issue was subscribed over 25 times, indicating strong demand from all quarters of investors. This demand augurs well for the primary market as IPOs of five companies are scheduled in the next two weeks.
 
Put together, these companies will raise more than Rs 14,000 crore taking the tally closer to the Rs 30,000-crore mark for 2017. So far this year, 17 companies have tapped the IPO market to raise Rs 14,185 crore, data compiled from Prime