Page 10 - Dixon Technologies
Dixon Technologies soars 64% on listing, Bharat Road Network trades flat
Consumer electronics manufacturer Dixon Technologies (India) made a robust debut on the bourses, listing at Rs 2,725, a 54 per cent premium to 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 2892, a gain of 64 per cent over the issue price. Dixon Technologies had 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 shares. The portion set aside for qualified institutional buyers (QIBs) was subscribed 135 times, that for non-institutional investors for 345 times and retail investors for 10.2 times.The IPO proceeds from the fresh issue will be utilised for setting up a unit for manufacturing of LED TVs at the Tirupati facility and enhancement of backward integration capabilities in the lighting products vertical at Dehradun I facility, among .
 "Dixon Technologies soars 64% on listing, Bharat Road Network trades flat")
Dixon Technologies IPO oversubscribed 4.25 times on Day 2
The portion set aside for qualified institutional buyers was oversubscribed 8.93 times
 "Dixon Technologies IPO oversubscribed 4.25 times on Day 2")
Dixon Technologies: Strong prospects, high valuations
The company has negligible debt and positive cash flow helps it fund expansions
 "Dixon Technologies: Strong prospects, high valuations")