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IPO

Cable manufacturer DCX Systems attracts Rs.225-Cr from anchor investors ahead of IPO

Economic Times  

DCX Systems, manufacturer of cables and wire harness assemblies, has raised INR 225 crore from anchor investors, ahead of its initial public offering (IPO). The company will allocate over 1.08 crore equity shares to anchor investors at the higher end of the IPO price band of INR 197 to INR 207 per share. HDFC Mutual Fund, Motilal Oswal Mutual Fund and BNP Paribas Arbitrage are among the anchor investors. The company has cut the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier. Apart from fresh issue, the IPO comprises an offer for sale of equity shares to the tune of up to INR 100 crore by promoters - NCBG Holdings Inc and VNG Technology.