Dixon Technologies quoting at 25% premium in grey market

Shares of Dixon Technologies, which recently came out with an initial public offering (IPO), are quoting at a premium of 20-25 per cent in the grey market, compared to the issue price. Investors are willing to pay nearly ~400 above the issue price band of ~1,760-1,766, fixed by the company. However, the premium for Bharat Road Network, another IPO that will hit the market this week, is only 10 per cent above its price band of ~195-205. “Dixon is a technology provider, the sector has a lot of potential. However, investors are still sceptical about the infrastructure sector that Bharat Roads is into, that's why we are seeing a lower premium,” said a banker.