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.
DCX Systems IPO: Market participants said DCX Systems IPO grey market premium (GMP) today is at Rs 85. It implies that the grey market is expecting the lender to list around Rs 292 (Rs 207 + Rs 85), which is more than 41 per cent higher than the IPO's upper band price of Rs 207 per equity share.
The three day DCX Systems IPO which will close on November 2, comprises an offer for sale of equity shares to the tune of up to Rs 100 crore by promoters NCBG Holdings Inc and VNG Technology.