Dixon Technologies raises Rs 179.8 crore from anchor investors




Dixon Technology will be able to raise Rs 600 crore from the IPO at the upper end of the price band. NSEBSEMotilal OswalLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES MUMBAI: Noida-based consumer electronics and lightning products maker Dixon Technologies (India) on Tuesday raised Rs 179.8 crore by allotting 10.18 lakh shares to anchor investors at the higher end of the IPO price band of Rs 1,760-Rs 1,766 per share.

    Allotment to anchor investors takes place a day before an opening of an IPO and it acts as an indicator of institutional investor interest.

    Steadview Capital Mauritius, HDFC Small Cap Fund, DSP Black Rock Micro Cap Fund, Goldman Sachs India Fund, Kuwait Investment Authority Fund, HSBC Indian Equity Mother Fund, Franklin Templeton Mutual Fund and Nomura Funds Ireland were among the anchor investors.

    Dixon Technology will be able to raise Rs 600 crore from the IPO at the upper end of the price band.

    The IPO will open on Wednesday and close on Friday.

    The IPO comprises of a fresh issue of shares worth Rs 60 crore and offer for sale of up to 30.54 lakh shares by some of its existing shareholders.

    IDFC Bank, IIFL Holdings, Motilal Oswal Investment Advisors, and YES Securities (India) are the book running lead managers to the issue.




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