DCX Systems Limited IPO GMP, Review, Price, Allotment

DCX Systems Limited IPO GMP, Review, Price, Allotment

DCX Systems Limited is one of Indias top players in electronic sub-systems and cable harness manufacturing. The company started operations in 2011 and has been the Indian offset partner (“IOP”) preferred by Foreign Original Equipment Manufacturers (“OEMs”) to carry out Aerospace & Defence Manufacturing projects. In 2020, the company commissioned a new manufacturing plant in Hi-Tech Defence & Aerospace Park, a Special Economic Zone, Bangalore, Karnataka.

As of 30 June 2022, DCX Systems had 26 customers across Israel, United States, Korea, and India, including some Fortune 500 companies, multi-nationals, and startups. The companys customers comprise of national and international OEMs, private companies and public sector ventures across different sectors in India, from defense and aerospace to space and railroads. In fiscal years 2020, 2021, and 2022, as well as the three months ended 30 June 2021 and 30 June 2022, revenues of DCX Systems operations were Rs. 

DCX Systems provides cable assembly, kitting, and system integration services. They offer a full range of services for aerospace, land/navy defense systems, satellites, and civil aviation. Their facilities are located over 30,000 square feet to accommodate Assembly, System Integration including Environmental & Electrical testing. 

DCX Systems Limited IPO Important Dates

Opening Date31 October 2022
Closing Date2 November 2022
Basis of Allotment7 November 2022
Initiation of refunds9 November 2022
Transfer of shares to demat accounts10 November 2022
Listing Date11 November 2022

DCX Systems Limited IPO Details

Price Band₹197 to ₹207 per share
Lot Size72 Shares
Minimum Amount for 1 lot₹14,904
Total IPO size₹500 crore
Offer for Sale– shares
Listing AtBSE, NSE
Retail Quota10%
QIB Quota75%-
NII Quota15%
DRHP Draft ProspectusClick Here
RHP Draft ProspectusClick Here

Objects of the Issue

  • Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company.
  • Funding working capital requirements of the Company.
  • Investment in our wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses.
  • General corporate purposes.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-20698.85465.239.74133.98
31-Mar-21793.18683.2429.56136.38
30-Jun-21763.41128.693.34112.62

IPO Valuation – FY2022

Earning Per Share (EPS):₹9.19 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):55.79%
Net Asset Value (NAV):₹15.19 per Equity Share

Peer Group

  • Bharat Electronics Limited
  • Data Patterns (India) Limited
  • Paras Defence and Space Technologies Ltd
  • Astra Microwave Products Ltd
  • Centum Electronics Ltd

Company Promoters

  • Dr. H.S. Raghavendra Rao
  • NCBG Holdings Inc.
  • VNG Technology Private Limited

IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dcxsystems.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

Company Contact Information

DCX Systems Limited
Aerospace SEZ Sector, Plot Numbers 29,30 and 107,
Hitech Defence and Aerospace Park, Kavadadasanahal
Village, Devanahalli Taluk, Bengaluru Rural 562110
Phone: +91 80 6711 9555 / 9535
Email: cs@dcxindia.com
Websitehttp://www.dcxindia.com/

DCX Systems Limited IPO GMP

GMP (Grey Market Premium)Subject to SaudaListing Gain
₹80₹500040%

DCX Systems Limited IPO Review

What our experts say about DCX Systems Limited IPO ReviewApply

DCX Systems Limited IPO Subscription Details

Investor CategorySubscription (times)
Qualified Institutions84.32
Non-Institutional Buyers43.97
Retail Investors61.77
Employees
Others
Total69.79

DCX Systems Limited IPO Allotment Status

Check DCX Systems Limited IPO Allotment StatusClick Here

DCX Systems Limited IPO Listing Performance

IPO Price Band₹197 to ₹207
Open₹286.25
Low₹286.25
High₹319.75
Close₹308.80

FAQ

When will DCX Systems Limited IPO will open?

DCX Systems Limited IPO is set to open on 31 October 2022.

What is DCX Systems Limited IPO Price Band?

DCX Systems Limited IPO Price Band is ₹197 to ₹207 per share.

What is the lot size of DCX Systems Limited Offer?

Lot size of DCX Systems Limited IPO is 72 Shares per lot.

What is DCX Systems Limited offer size?

DCX Systems Limited IPO offer size is ₹500 crore.

What is the last date to apply for DCX Systems Limited IPO?

Last date to apply DCX Systems Limited IPO is 2 November 2022.

What is the DCX Systems Limited IPO Allotment Date?

Allotment Date for DCX Systems Limited IPO is 7 November 2022.

What is the DCX Systems Limited IPO Listing Date?

Listing Date for DCX Systems Limited IPO is 11 November 2022.

How to Apply DCX Systems Limited IPO through 5 Paisa?

  1. Login to your 5paisa account and select “DCX Systems Limited IPO” in the current IPO section.
  2. Enter the number of lots and price at which you wish to apply for the IPO.
  3. Enter your UPI ID and click on submit.
  4. You will receive a mandate notification to block funds in your UPI app.
  5. Approve the mandate request on your UPI and funds will be blocked

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *