DCX Systems IPO vs Kaynes Technology IPO

Comparision between DCX Systems IPO and Kaynes Technology IPO.

IPO Details

DCX Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Kaynes Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	DCX Systems IPO	Kaynes Technology IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd Axis Capital Limited Saffron Capital Advisors Private Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of DCX Systems IPO is up to ₹500.00 Cr whereas the issue size of the Kaynes Technology IPO is up to ₹857.82 Cr. The final issue price of DCX Systems IPO is ₹207.00 per share and of Kaynes Technology IPO is ₹587.00 per share.

	DCX Systems IPO	Kaynes Technology IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹197.00 per share	₹559.00 per share
Issue Price (Upper)	₹207.00 per share	₹587.00 per share
Issue Price (Final)	₹207.00 per share	₹587.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	72 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹530.00 Cr
OFS Issue Size		55,84,664 shares
OFS Issue Size (Amount)	up to ₹100.00 Cr	up to ₹327.82 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹857.82 Cr

IPO Timetable

DCX Systems IPO opens on Oct 31, 2022, while Kaynes Technology IPO opens on Nov 10, 2022. The closing date of DCX Systems IPO and Kaynes Technology IPO is Nov 02, 2022, and Nov 14, 2022, respectively.

	DCX Systems IPO	Kaynes Technology IPO
Anchor Bid Date
Issue Open	Oct 31, 2022	Nov 10, 2022
Issue Close	Nov 02, 2022	Nov 14, 2022
Basis Of Allotment (Tentative)	Nov 07, 2022	Nov 17, 2022
Initiation of Refunds (Tentative)	Nov 09, 2022	Nov 18, 2022
Credit of Share (Tentative)	Nov 10, 2022	Nov 21, 2022
Listing date (Tentative)	Nov 11, 2022	Nov 22, 2022
Anchor Lockin End date 1	Dec 07, 2022	Dec 17, 2022
Anchor Lockin End date 2	Feb 05, 2023	Feb 15, 2023

Financials

DCX Systems IPO P/E ratio is 90, as compared to Kaynes Technology IPO P/E ratio of 84.95.

DCX Systems IPO

Kaynes Technology IPO

Financial

DCX Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	698.85	465.23	9.74	133.98
31-Mar-21	793.18	683.24	29.56	136.38
30-Jun-21	763.41	128.69	3.34	112.62
Amount in ₹ Crore

Kaynes Technology India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	378.12	370.17	9.36	95.76	143.83
31-Mar-21	419.37	424.66	9.73	136.51	139.47
31-Mar-22	622.42	710.35	41.68	201.82	169.55
30-Jun-22	763.26	199.98	10.05	212	186.38
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.20%

79.78%

Promoter Shareholding (Post-Issue)

73.58%

67.39%

P/E Ratio

84.95

Market Cap

₹2002.18 Cr.

₹3412.97 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the DCX Systems IPO retail investors (RII) are offered 25,38,071 shares while in Kaynes Technology IPO retail investors are offered 25,38,071 shares. Qualified institutional buyers (QIB) are offered 81,65,969 shares in DCX Systems IPO and 29,23,888 shares in Kaynes Technology IPO.

	DCX Systems IPO	Kaynes Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	81,65,969 shares	29,23,888 shares
NII	38,07,106 shares	22,55,858 shares
RII	25,38,071 shares	52,63,667 shares
Employee	0 shares	26,833 shares
Others
Total	1,45,11,146 shares	1,04,70,246 shares

Bids Received (Subscription)

DCX Systems IPO subscribed 69.79x in total, whereas Kaynes Technology IPO subscribed 34.16x.

	DCX Systems IPO	Kaynes Technology IPO
QIB (times)	84.32x	98.47x
NII (times)	43.97x	21.21x
Big NII (times)	45.44x	23.07x
Small NII (times)	41.05x	17.47x
RII (times)	61.77x	4.10x
Employee (times)		11.92x
Other (times)
Total (times)	69.79x	34.16x

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Kaynes Technology IPO	Five Star Business Finance IPO
Electronics Mart India IPO	Uniparts India IPO
Tamilnad Mercantile Bank IPO	Electronics Mart India IPO
Harsha Engineers IPO	DCX Systems IPO
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Syrma IPO	Harsha Engineers IPO
Aether Industries IPO	Dreamfolks Services IPO

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