This initiative aims at reducing the time taken for bonus shares to become tradable from the record date
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During its subscription offer, the issue receives overall subscription worth over Rs 48,000 crore with nearly 60 times subscription
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In the broad market indices on NSE, all indices open in green with a marginal surge while in sectoral indices the Nifty IT opens in negative with a marginal dip
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In the Nifty 50 index, merely 25 stocks advance in the positive territory, while 25 stocks end in the red territory
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The IPO opens on 16 September and is scheduled to close on 19 September
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Dixon Technologies’ wholly owned subsidiary, Padget Electronics enters into an MoU with Asus India for manufacturing of information technology products
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Investors need to be cautious in blindly buying into the stock now, as at close to 10 times book, the stock is trading at stretched valuations
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Despite the flat listing, we remain positive on the company and recommend investors to ‘hold’ the shares from a medium to long-term perspective, says expert
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During its subscription phase, the IPO receives a final subscription of 25 times
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Given these issues, investors who have been allotted shares are advised to book profits and exit their positions for the time being, says expert
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