The initial share sale offer of consumer electronics manufacturer Dixon Technologies was oversubscribed 4.25 times on the second day of bidding on Thursday. The initial public offer (IPO), to raise up to Rs 600 crore, received bids for 1,01,07,632 shares against the total issue size of 23,76,557 shares, data available with the NSE showed.
The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 8.93 times, non institutional investors 31 per cent and retail investors 3.27 times. Till Wednesday, the IPO was subscribed 78 per cent. Dixon Technologies on Tuesday raised nearly Rs 180 crore from anchor investors.