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BW Businessworld

Dixon Tech India Sets Price Range For Up To $94 Million IPO Next Week

The company is selling new shares to raise up to Rs 600 million, while some of its shareholders are planning to sell just over 3 million shares in the offer that closes on September 8

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Consumer electronics maker Dixon Technologies (India) Ltd will sell shares in a price range of Rs 1,760 to Rs 1,766 in its initial public offering set to open on September 6, a public notice said on Tuesday (29 August).

The IPO will raise about Rs 6 billion at the upper end of the price range.

The company is selling new shares to raise up to Rs 600 million, while some of its shareholders are planning to sell just over 3 million shares in the offer that closes on September 8.

Indian investment banks IDFC Bank, IIFL Holdings, Motilal Oswal and Yes Securities are managing the IPO.

(Reuters)