dcx systems ipo, investors flock to DCX Systems IPO, fully subscribed within minutes – dcx systems ipo sees strong demand, fully subscribed on day 1
Subscribe Rating of Brokerage House
DCX System’s IPO has been subscribed a total of 1.04 times till 2.22 pm and the retail quota of the company’s IPO has been subscribed 4.74 times till 2.22 pm. At the same time, the quota of non-institutional investors has been subscribed 0.80 times as reported by the Economic Times. Most of the brokerage houses have given a subscribe rating to DCX Systems’ IPO.
Status of company shares in gray market
The IPO price of DCX System is Rs.197-207. The company said on Friday that it has raised Rs 225 crore from anchor investors ahead of the IPO. Cable and wire harness assembly maker DCX Systems’ IPO includes a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of Rs 100 crore from the promoters. NCBG Holdings and VNG Technology are the promoters of the company. According to a report by IPO Watch, shares of DCX Systems traded in the gray market at Rs. Trading at a premium of 80.
Shares are likely to be listed in the market at a good premium
If the shares of DCX Systems are allocated in the upper price band of Rs 207 and listed at a premium of Rs 80, the shares of the company may list in the market at Rs 287. That is, investors will get 40 percent profit on the listing.
