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The company may consider a pre-IPO placement aggregating up to Rs 122 crore before the filing of the Red Herring Prospectus with the ROC.

The FPO closed on March 28 and the withdrawal window was open for two days till March 30 as per the Sebi directive.

The Dow Jones Industrial Average fell 27.29 points, or 0.08%, at the open to 35,201.52.

Friday is likely to see the levels of 17,500 and 17,585 acting as potential resistance points. The supports come in at 17,430 and 17,310 levels.

The company said that as much as 90-95 per cent of the market remains unpenetrated, offering massive scope for edtech players to expand.

In October 2021, Sebi had said that stock brokers and clearing members should not accept payment through one-time mandate or issuance of mandates or instruments in their name for mutual fund transactions.

Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 25658.86 Crore) operating in Consumer Durables sector.

“Monster index shows almost 7% upsurge in terms of hiring year on year, based on our database. There is a positive impact post Union Budget. A few specific sectors – BPO, IT, ITES – are almost 11% up. We get more escalations on hiring in these segments and Nasscom is also alluding to it.”

The Offer-For-Sale (OFS), which opened for retail investors on Thursday, received bids for over 1.33 crore shares. This represents 71 per cent of the total issue size of over 1.88 crore shares.

The technical setup construes the formation of higher high-bottom, with the immediate support of the recent unfilled gap coinciding with 61.80 per cent of the retracement of the fall placed at the 17,327 level, which is expected to act as a firm demand zone.