The portion of Dixon Technologies’ shares reserved for institutional investors was subscribed 134.77 times, while that reserved for non-institutional and retail investors saw subscriptions that were 345.73 and 10 times. Photo: iStockphotoMumbai: The initial public offering (IPO) of Dixon Technologies (India) Ltd, a contract manufacturer of electronic products, was subscribed 117.65 times on the final day on Friday, while the share sale of Bharat Road Network Ltd, a road and highways company, closed with an overall subscription of 1.8 times. According to stock exchange data, the portion of Dixon Technologies’ shares reserved for institutional investors was subscribed 134.77 times, while that reserved for non-institutional and retail investors saw subscriptions that were 345.73 and 10 times, respectively. IDFC Bank Ltd, IIFL Holdings Ltd, Motilal Oswal Investment Advisors Ltd and Yes Securities (India) Ltd are managing the share sale for Dixon Technologies. Ltd and Srei Capital Markets Ltd are managing the share sale for Bharat Road Network.

Source: Mint September 08, 2017 12:22 UTC