Latest News | DCX Systems Shares List at Nearly 39 Pc Premium
Get latest articles and stories on Latest News at LatestLY. DCX Systems stock made its market debut with a nearly 39 per cent premium on Friday against the issue price of Rs 207.
New Delhi, Nov 11 (PTI) DCX Systems stock made its market debut with a nearly 39 per cent premium on Friday against the issue price of Rs 207.
The stock made its debut at Rs 287, a jump of 38.65 per cent from the issue price on the NSE. Later it zoomed 46.67 per cent to Rs 303.60.
On the BSE, it opened at Rs 286.25, a premium of 38.29 per cent. The stock later gained 47.34 per cent to Rs 305.
In early trade, both the Sensex and Nifty were trading in the green.
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The Initial Public Offering (IPO) of DCX Systems was subscribed 69.79 times.
The offer had a fresh issue of up to Rs 400 crore and an offer for sale of up to Rs 100 crore.
Its price range was fixed at Rs 197-207 a share.
The Bengaluru-based company is primarily engaged in system integration and manufacturing of a comprehensive array of cables and wire harness assemblies, and also involved in kitting.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)