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DC Infotech IPO is a fixed price issue of Rs 10.80 crores.
DC Infotech IPO bidding started from December 12, 2019 and ended on December 18, 2019. The shares got listed on NSE SME on December 27, 2019.
DC Infotech IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Fedex Securities Pvt Ltd is the book running lead manager of the DC Infotech IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.
Refer to DC Infotech IPO RHP for detailed information.
| IPO Date | December 12, 2019 to December 18, 2019 |
| Listing Date | December 27, 2019 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,400,000 shares (aggregating up to ₹10.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,600,000 |
| Share holding post issue | 6,000,000 |
| Market Maker portion | 126,000 shares |
DC Infotech IPO offers 2,526,000 shares. 1,263,000 (50.00%) to NII, 1,137,000 (45.01%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 126,000 (4.99%) |
| Other Shares Offered | 1,263,000 (50.00%) |
| Retail Shares Offered | 1,137,000 (45.01%) |
| Total Shares Offered | 2,526,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Chetankumar Timbadia and Devendra Sayani are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 60% |
Incorporated in 1998, Mumbai based DC Infotech Ltd is engaged in reselling and distribution business of computers, and computer peripherals.
The company operates on a broad-based distribution model where it deals with multiple brand strategy and different products. DC Infotech supplies IT products such as networking, security, firewall's, desktop virtualizanion, broadband, surveillance, wireless, digital signage, power solutions and others like cloud security, digital performance, network performance, and enterprise security.
DC Infotech is an IT Solution distribution house in India. Currently, it has 1600 dealers across the country offering a wide range of hardware and software IT products. The company works as a middle man between users & resellers and IT manufacturers/ developers. The company also provides demand generation, after-sale support, logistics services as well. It has 2 offices located in Maharashtra and 8 Warehouses across different states in India.
Business Process:
DC Infotech purchases IT products in bulk from vendors and sells them to channel partners (systems integrators, retailers, corporate resellers, etc). The company supplies both the Value Business and Volume business products to corporate/large businesses and vendors.
Some of the vendors of the company are:
1. End-to-end services
2. PAN India reach
3. Logistics capabilities
4. Long term vendors
5. Wide product range
| Particulars | For the year/period ended (Rs in Lakhs) | |||||
|---|---|---|---|---|---|---|
| 1-Apr-2019 to 30-June-19 | 19-Feb-2019 to 31-Mar-19 | 1-Apr-2018 to 18-Feb-2019 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 5,721.55 | 5,427.20 | 4391.03 | 4,784.13 | 3,626.92 | |
| Total Revenue | 3,648.56 | 1,523.49 | 9883.42 | 9,756.24 | 10,878.78 | |
| Profit After Tax | 90.52 | 81.71 | 52.21 | 130.12 | 90.41 | |
The market capitalization of DC Infotech IPO is Rs 27 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 7.4 |
The company proposes to utilize the net proceeds from the issue towards the following objects:
1. Meeting incremental working capital requirements; and
2. General corporate purposes
[Dilip Davda] The company is in the "High Volume - Low margin" segment that has cut-throat competition with a fragmented unorganized sector. For the past four fiscals, its top line has shown inconsistency. Peers are way ahead in top-line comparison. The sudden boost in margins since it converted in a limited company on 19.02.19 raises concern. Based on the latest financial numbers, issue pricing looks reasonable, but sustainability remains a major worry going forward. Considering these, cash surplus - risk savvy investors may consider investment at their own risks. Read detail review...
The DC Infotech IPO is subscribed 1.56 times on December 18, 2019 5:00:00 PM. The public issue subscribed 1.76 times in the retail category, times in the QIB category, and 1.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.39 |
| Retail | 1.76 |
| Total | 1.56 |
| Listing Date | December 27, 2019 |
| BSE Script Code | |
| NSE Symbol | DCI |
| ISIN | INE0A1101019 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹45.50 |
| ₹45.00 |
| ₹45.50 |
| ₹45.20 |
DC Infotech and Communication Ltd
Unit No. 2, Aristocrate, Ground Floor,
Lajya Compound,
Mogra Road, Andheri (East), Mumbai 400069
Phone: 022-28329000
Email: cs@dcinfotech.com
Website: http://www.dcinfotech.com/
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
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DC Infotech IPO is a SME IPO of 2,400,000 equity shares of the face value of ₹10 aggregating up to ₹10.80 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on December 12, 2019, and closes on December 18, 2019.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The DC Infotech IPO opens on December 12, 2019 and closes on December 18, 2019.
DC Infotech IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in DC Infotech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for DC Infotech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the DC Infotech IPO allotment status.
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Now a days all sme stock listed at par or marginal listing gain like 2k or 3k
It will also list like gian. The same LM