Dixon Tech’s IPO subscribed 78% on Day 1

Consumer electronics firm Dixon Technologies' initial public offering (IPO) subscribed 78 per cent on Thursday, the first day of the issue. The 2.38-million share offering received nearly 1.3 million bids, data provided by the bourses showed. The company had allotted shares worth ~180 crore to anchor investors, at the top end of the price band - ~1,7601,766 per share. The company's ~600crore IPO closes on Friday. BS REPORTER