DCX Systems IPO Allotment: Bengaluru-based defence equipment manufacturer DCX Systems, is expected to announce the allotment status of its initial public offering (IPO) today.
DCX Systems IPO Allotment: DCX Systems, manufacturer of cables and wire harness assemblies, is likely to announce the allotment status of its initial public offering (IPO) today, The Bengaluru-based company has fixed November 7 as the tentative date for the announcement. The IPO has got a strong response from investors and according to the NSE date, it received bids for 101.27 crore shares against 1.45 crore shares on offer. It received 69.79 times subscription on the final day on Wednesday. Get more IPO News and Business News on Zee Business.
DCX Systems IPO: The qualified institutional buyers' (QIBs') portion got subscribed 84.32 times, while the non-institutional investors' category received 43.97 times subscription. The quota for retail individual investors (RIIs) got subscribed 61.77 times.
The issue, with a price band of Rs 197 to Rs 207 per share, will likely list on BSE and NSE on November 11. As per reports, the DCX Systems latest GMP suggests a premium of Rs 75.