Dixon Technologies
gave a stellar performance on its debut day after listing at a whopping
premium of 54.3% at Rs 2,725 per share on NSE as compared to its issue
price of Rs 1,766 per share. The company has marked fifth best share
market debut in the past seven years, reported a leading news agency.
The stock closed at Rs 2,891.55 per share, at a premium of 63.7%.
The proceeds from the fresh issue is utilised for the repayment/pre-payment, in full or in part, of certain borrowings availed by the company; setting up a unit for manufacturing of LED TVs at the Tirupati Facility; enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun 1 Facility; upgradation of the information technology infrastructure of the company; and general corporate purposes.
The company had issued 10,18,027 equity shares at Rs 1,766 per share, aggregating to Rs 179.79 crore to 15 anchor Investors. The was subscribed 117.83 times at 2315 hours on last day of subscription. The QIB part got subscribed by 134.77 times, NII segment got subscribed by 345.73 times, while the retail part of the IPO issue got subscribed 10.11 times.
The proceeds from the fresh issue is utilised for the repayment/pre-payment, in full or in part, of certain borrowings availed by the company; setting up a unit for manufacturing of LED TVs at the Tirupati Facility; enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun 1 Facility; upgradation of the information technology infrastructure of the company; and general corporate purposes.
The company had issued 10,18,027 equity shares at Rs 1,766 per share, aggregating to Rs 179.79 crore to 15 anchor Investors. The was subscribed 117.83 times at 2315 hours on last day of subscription. The QIB part got subscribed by 134.77 times, NII segment got subscribed by 345.73 times, while the retail part of the IPO issue got subscribed 10.11 times.
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