(PTI) DCX Systems stock made its market debut with a nearly 39 per cent premium on Friday against the issue price of ₹207.
The stock made its debut at ₹287, a jump of 38.65 per cent from the issue price on the NSE. Later it zoomed 46.67 per cent to ₹303.60.
On the BSE, it opened at ₹286.25, a premium of 38.29 per cent. The stock later gained 47.34 per cent to ₹305.
In early trade, both the Sensex and Nifty were trading in the green.
The Initial Public Offering (IPO) of DCX Systems was subscribed 69.79 times.
The offer had a fresh issue of up to ₹400 crore and an offer for sale of up to ₹100 crore.
Its price range was fixed at ₹197-207 a share.
The Bengaluru-based company is primarily engaged in system integration and manufacturing of a comprehensive array of cables and wire harness assemblies, and also involved in kitting.