Dixon Technologies Rs 600 crore IPO will close for subscription today. As of 5 pm yesterday, as per NSE website, the subscription amount by qualified institutional buyers is nearly 9 times and over all the subscription is 4.25 times and retail portion is come in at 3.27 times.
Ravi Kataria, Managing Director, Investment Imperative Associates who has a subscribe rating for the scrip, says institutional investors are seeing a lot of traction in this space.
According to him, Dixon Tech on a one-year forwarded basis would command around 31-32 times post IPO. So investor could look at a return of 15-20 percent in a short to medium term.
Meanwhile, peers like PG Electroplast, MIC are trading at 45-50 times on one year forward earnings basis.For more, watch video