DCX Systems Limited
Mainboard₹14,904 / 72 Shares
DCX Systems Limited IPO Details
The DCX Systems Limited IPO price band is set between ₹197-207 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 31 Oct, 2022 and closes on 2 Nov, 2022. Investors can check the allotment status on 8 Nov, 2022, while the listing date is tentatively scheduled for 11 Nov, 2022.
The total issue size is Approx 500 Crores : Fresh Issue of 400 Cr + Offer for Sale of 100 Cr, aggregating up to . Stay tuned for the latest DCX Systems Limited IPO review and GMP updates.
DCX Systems Limited IPO Review, Rating & Analysis
DCX Systems Limited IPO Review
NO REVIEWDCX Systems Limited IPO Rating
DCX Systems Limited IPO Highlights
IPO Date
Oct 31, 2022 - Nov 2, 2022
Listing Date
11 Nov, 2022
Face Value
₹2 Per Equity Share
Price Band
₹197-207 per equity share
Lot Size
72 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
DCX Systems Limited IPO Lot Size
The minimum market lot for DCX Systems Limited IPO is 72 shares with an application amount of ₹14,904. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,904 |
| Retail (Max) | 13 | 936 | ₹1,93,752 |
| S-HNI (Min) | 14 | 1008 | ₹2,08,656 |
| S-HNI (Max) | 67 | 4824 | ₹9,98,568 |
| B-HNI (Min) | 68 | 4896 | ₹10,13,472 |
DCX Systems Limited IPO Timeline
Issue Price
₹197-207 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LimitedLead Manager
Edelweiss Financial Services Ltd ,Axis Capital Limited ,Saffron Capital Advisors Private LimitedIssue Size
Approx 500 Crores : Fresh Issue of 400 Cr + Offer for Sale of 100 CrDCX Systems Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 21 | 763.41 | 128.69 | 3.34 | - | - | - |
| 31 Mar 21 | 793.18 | 683.24 | 29.56 | - | - | - |
| 31 Mar 20 | 698.85 | 465.23 | 9.74 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- NCBG Holdings Inc
- Vng Technology Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 98.20% | 73.58% |
About Company
DCX Systems Limited is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. The company commenced operations in 2011 and has been a preferred Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs) for executing aerospace and defence manufacturing projects.
In 2020, the company commissioned a new manufacturing facility at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru, Karnataka.
As of June 30, 2022, DCX Systems had 26 customers in Israel, the United States, Korea and India, including certain Fortune 500 companies, multinational corporations and start-ups. The company's customers include domestic and international OEMs, private companies and public sector undertakings in India across different sectors, ranging from defence and aerospace to space ventures and railways.
DCX System's key customers include Elta Systems Limited, Israel Aerospace Industries Limited - System Missiles and Space Division, Bharat Electronics Limited, and Astra Rafael Comsys Private Limited, among others.
In Fiscal 2020, 2021 and 2022 and in the three months ended June 30, 2021, and June 30, 2022, DCX Systems' revenue from operations was Rs. 4,492.62 million, Rs. 6,411.63 million Rs. 11,022.73 million, Rs. 1,229.14 million and Rs. 2,132.54 million, respectively.
The company's business verticals:
1. System integrationin areas of radar systems, sensors, electronic warfare, missiles, and communication systems.
2. Cable and Wire Harness Assemblies.
3. The company supplies assembly-ready kits of electronic and electro-mechanical parts.
DCX Systems Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,165,969 | 3,807,106 2,538,070 1,269,036 | 2,538,071 | 14,511,146 |
Day 1 -31-10-22 05:00 PM | 0.03 x | 2.16 1.76 x 2.95 x | 8.71 x | 2.11 x |
Day 2 -01-11-22 05:00 PM | 1.82 x | 11.05 9.96 x 13.23 x | 26.55 x | 8.57 x |
Day 3 -02-11-22 05:00 PM | 84.32 x | 43.97 45.44 x 41.04 x | 61.77 x | 69.79 x |
Frequently Asked Questions about DCX Systems Limited IPO
When will DCX Systems Limited IPO open for subscription?
The DCX Systems Limited IPO opens on 31 Oct, 2022 and closes on 2 Nov, 2022.
What is the investors portion for DCX Systems Limited IPO?
The investors' portion for QIB is 84.32 x, NII is 45.44 x, and Retail is 61.77 x.
How to apply for DCX Systems Limited IPO?
You can apply for DCX Systems Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of DCX Systems Limited IPO?
The issue size of DCX Systems Limited IPO is approx ₹Approx 500 Crores : Fresh Issue of 400 Cr + Offer for Sale of 100 Cr crores.
What is the price band of DCX Systems Limited IPO?
The price band for DCX Systems Limited IPO is ₹197 to ₹207 per equity share.
What is the lot size of DCX Systems Limited IPO?
The minimum bid (lot size) for DCX Systems Limited IPO is N/A shares with an investment of approx ₹14,904 .
What is the allotment date of DCX Systems Limited IPO?
The allotment date for DCX Systems Limited IPO is 8 Nov, 2022.
What is the listing date of DCX Systems Limited IPO?
The listing date for DCX Systems Limited IPO is expected to be 11 Nov, 2022.
What is the GMP of DCX Systems Limited IPO?
The latest Grey Market Premium (GMP) for DCX Systems Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.