DCX System shares rise 14% after ₹1250-cr order from L&T
L&T India has made a purchase order for the manufacture and supply of electronic modules within three years.
L&T India has made a purchase order for the manufacture and supply of electronic modules within three years.
The ₹500 crore IPO of DCX Systems was oversubscribed 76.23 times, led by retail bidders, whose portion was subscribed 64.91 times.
Archean Chemical Industries is the fifth company, after DCX Systems, Fusion Micro Finance, Global Health (Medanta), and Bikaji Foods, to launch IPO this month.
DCX Systems will be the first IPO to open on October 31, followed by Fusion MicroFinance on November 2, whereas Medanta and Bikaji Foods will hit the D-Street on November 3.
The IPO comprises of a fresh issue of ₹400 crore and an offer for sale (OFS) of equity shares worth up to ₹100 crore by promoters.