DCX Systems Limited is India's leading manufacturer of Electronic Sub-systems and Cable Harnesses. This company works in the field of Radar Systems, Sensors, Electronic Warfare, Missiles and Communication Systems. Along with this, the company provides life time product repair support to the products which are manufactured in-house. Along with this, the company supplies electronic and electro-mechanical part assembly kits.
The IPO of DCX Systems is going to open on 31 October and open on 2 November. The price band of this IPO will be ₹197-₹207 per share and the lot size will be 72 shares. The allotment will happen on 7th November and the shares will be transferred to the demat account on 10th November. The shares of DCX Systems will be listed on 11 November. The size of this IPO will be 500 crores, out of which 400 crores will be fresh issue and 100 crores will be offer for sale. The promoters of the company, NCBG Holding and VNG Technology, will sell their shares in the offer sale. The proceeds from the IPO will be used to repay loans and meet working capital requirements.
The company has 26 customers in Israel, the United States, Korea, and India. Many of these are Fortune 500 companies and startups. Major customers of DCX Systems are Elta Systems Ltd., Israel Aerospace Industries Ltd., Bharat Electronics Ltd. and Astra Rafael.
DCX SYSTEMS IPO STATUS LINK INTIME
DCX Systems IPO Important Information
| DCX Systems IPO Open Date | October, 31, 2022 |
| DCX Systems IPO Close Date | November, 2, 2022 |
| DCX Systems IPO Share Allotment Date | November, 7, 2022 |
| refund issue date | November, 9, 2022 |
| Date of entry into share demat account | November, 10, 2022 |
| DCX Systems IPO Listing Date | November, 11, 2022 |
| listing exchange | BSE, NSE |
| DCX Systems IPO Price | ₹197 to ₹207 per share |
| ipo lot size | Retail Minimum 1 lot (72 shares) Maximum 13 lots (936 shares) |
| ipo face value | ₹2 per share |
| IPO size | ₹500.00 Cr |
| QIB Reservation | 75% |
| NII (HNI) Reservation | 15 |
| RETAIL Reservation | 10 |
| IPO Registrar | Link Intime India Private Limited |
| IPO Lead Manager | Edelweiss Financial Services, Axis Capital, Saffron Capital |
DCX Systems IPO Financial Details
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| revenue | 309.07 | 465.23 | 683.24 | 1,124.33 |
| Expenses | 301.77 | 452.36 | 643.44 | 1,048.78 |
| net income | 4.6 | 9.74 | 29.56 | 65.61 |
| margin (%) | 1.49 | 2.09 | 4.33 | 5.84 |
| eps | 0.66 | 1.39 | 4.22 | 9.19 |
| Debt / Equity | 14.62 | 7.8 | 2.91 | 4.27 |
| ROIC (ROCE (%) | 8.69 | 19.19 | 4.16 | 13.15 |
DCX Systems IPO Subscription Status
| Category | 31 October | November 1st | november 2 |
| Qib | 0.03 | 1.82 | 84.82 |
| NII | 2.16 | 11.05 | 43.97 |
| retail | 8.70 | 26.55 | 61.77 |
| Toal | 2.11 | 8.57 | 69.79 |