Another IPO has taken a great entry in the stock market. The IPO of cable and wire harness assemblies company DCX was launched on Friday. The stock closed with a gain of 49 percent on its trading day in the stock market. The issue price of the IPO was Rs 207.

Listed at 38 percent profit

The company’s shares were listed on the BSE at Rs 286.25, up 38.29 per cent on the issue price. It finally closed at Rs 308.80 with a gain of 49.18 per cent on the issue price. The company’s stock was listed on the NSE at Rs 287, up 38.65 per cent. It finally closed at Rs 307.35.

69.79 times subscribed

The initial public offering (IPO) of the company was subscribed 69.79 times. Under the IPO of the company, new shares worth Rs 400 crore have been issued. Apart from this, the company had also come out with an offer for sale (OFS) of Rs 100 crore.

17 out of 23 IPOs raised wealth in 2022

In the year 2022 so far 23 shares have been listed on the mainboard. Of these, 17 stocks i.e. about 75 per cent have given positive returns. In these, the wealth of investors has increased by 2 times or 3 times. In this year’s listing of Harsha Engineers, investors got 23 percent return, while Dreamfolks Services has given 25 percent return. Syrma SGS gave 29 per cent, eMudhra 32 per cent and Ethos 12 per cent. On the other hand, Prudent Advisor has given 27 percent and Rainbow Child has given 31 percent.

Keynes Technology’s IPO 1.10 times subscribed

The Initial Public Offering (IPO) of Keynes Technology India Limited got subscribed 1.10 times on the second day of the issue on Friday. According to data available on NSE, out of 1,04,70,246 shares offered under the IPO, bids were received for 1,14,70,150 shares. The Qualified Institutional Buyer (QIB) category was subscribed 2.45 times, while the Retail Institutional Investors (RII) segment was subscribed 47 percent.

Archean Chemical’s IPO filled 32.23 times

The initial public offering (IPO) of specialty marine chemicals manufacturer Archean Chemical Industries was subscribed 32.23 times on the third and final Friday of the issue. As per the data available on the National Stock Exchange (NSE), bids were received for 64,31,70,528 shares of 1,99,57,325 shares offered under the IPO. The retail individual investors (RIIs) share was subscribed 9.96 times while the non-institutional investors category was subscribed 14.90 times.

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