DCX Systems IPO receives 8.8 times subscription on second day of offer

The initial public offering (IPO) of DCX Systems was subscribed to 8.86 times on Tuesday, the penultimate day of the issue. The institutional portion was subscribed to 1.96 times, the wealthy investor portion by 11 times, and the retail portion by 26 times. The company has priced its IPO between Rs 197 to 207 per share. The Rs 500 crore IPO comprises a fresh issue of Rs 400 crore and an offer for sale worth Rs 100 crore. Last week the company allotted shares worth Rs 223 crore to 12 anchor investors including BNP Paribas, Volrado Ventures, Theleme, HDFC Large