DC Infotech and Communication Ltd IPO (DC Infotech IPO) Detail

December 12, 2019 - December 18, 2019

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.

DC Infotech IPO Details

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 Size2,400,000 shares
(aggregating up to ₹10.80 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion126,000 shares

DC Infotech IPO Reservation

DC Infotech IPO a total of 2,526,000 shares are offered. RII: 1,137,000 (45.01%), NII: 1,263,000 (50.00%).

Anchor Investor Shares Offered-
Market Maker Shares Offered126,000 (4.99%)
Other Shares Offered1,263,000 (50.00%)
Retail Shares Offered1,137,000 (45.01%)
Total Shares Offered2,526,000 (100%)

DC Infotech IPO Lot Size

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

DC Infotech IPO Promoter Holding

Chetankumar Timbadia and Devendra Sayani are the promoters of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 60%

About DC Infotech and Communication Ltd

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:

  • Netgear
  • Zscaler
  • D-Link
  • Samsung
  • Aten
  • Avnet
  • Netscout
  • Riverbed
  • Delta Power Solutions
  • Sonicwall
  • Ncomputing

Competitive Strengths:

1. End-to-end services
2. PAN India reach
3. Logistics capabilities
4. Long term vendors
5. Wide product range

Company Financials

Summary of financial Information (Restated)
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

Key Performance Indicator

DC Infotech IPO Market Cap is Rs 27 Cr and P/E (x) is 7.4.

KPI Values
P/E (x)7.4
Market Cap (₹ Cr.)27

Objects of the Issue (DC Infotech IPO Objectives)

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

DC Infotech IPO Review (May apply)

[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...

DC Infotech IPO Subscription Status (Bidding Detail)

The DC Infotech IPO is subscribed 1.56 times on Dec 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)

CategorySubscription (times)

DC Infotech IPO Prospectus

DC Infotech IPO Rating

Rating:Rated 2.9 stars
Vote Here ...

DC Infotech IPO Listing Details

Listing Date December 27, 2019
BSE Script Code
NSE Symbol DCI
ISIN INE0A1101019
Final Issue Price ₹45 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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DC Infotech IPO Contact Details

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/

DC Infotech IPO Registrar

Satellite Corporate Services Private Limited

Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com

DC Infotech IPO - Buy or Not

DC Infotech IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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DC Infotech IPO FAQs

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.

The DC Infotech IPO listing date is on December 27, 2019.
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DC Infotech IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



48. RAJAKUMAR |   Link |Jan 14, 2020 11:10:17 AM (1400+ Posts, 1200+ Likes)
Dear Small
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
47. KUR |   Link |Jan 2, 2020 9:29:30 AM
How long it will trade as lot.
When it will be trade in shares.
47.1. Small Investor |   Link |Jan 10, 2020 4:36:58 PM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
after a long time this stock do't move up or down side ,hence this stock will down near 40
if any one yet hold this stock ,sold and sift in to primary market's stocks
46. Small Investor |   Link |Jan 1, 2020 3:31:14 PM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
I think Exit from this Counter Now
45. BTST Traders |   Link |Dec 27, 2019 11:15:10 AM
Sold all six Lot between 45.05- 45.40 price Range
44. Small Investor |   Link |Dec 27, 2019 11:11:21 AM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
If Any One yet Hold this Stock , Sold your lot
43. Ipo.... |   Link |Dec 25, 2019 8:48:12 PM
Dear admin,please tell
Listing date:-
Nae symbol:-
Listing in:-
43.5. Small Investor |   Link |Dec 27, 2019 8:46:44 AM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
list @ 45.50
43.6. Ipo.... |   Link |Dec 27, 2019 9:14:11 AM
Exited @45.10
42. Sayan |   Link |Dec 27, 2019 9:10:57 AM
Sold 2 lot @45.50 Pre open mkt.
41. RAJAKUMAR |   Link |Dec 27, 2019 8:47:54 AM (1400+ Posts, 1200+ Likes)
Dear Small
3 lot sold at 45.5
41.1. BLR |   Link |Dec 27, 2019 8:51:46 AM
even i sold 2 lot at 45.5
40. hchc |   Link |Dec 27, 2019 8:34:23 AM
Top Contributor Top Contributor (300+ Posts, 800+ Likes)
Smooth listing @ 45.50/-
39. BLR |   Link |Dec 27, 2019 8:17:39 AM
Listing today . Current matching price 45.75 . it can be change .
38. Small Investor |   Link |Dec 26, 2019 9:45:07 AM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
लिसिटंग वैसे आज होनी थी इस आईपीओ की लेकिन सूर्य ग्रहण की वजह से टाल दी गयी होगी शायद

37. SME BADSHAH |   Link |Dec 26, 2019 8:40:18 AM
Listing is tomorrow (27.12.19)
36. JAI MATA DI |   Link |Dec 25, 2019 6:48:57 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Probably listing on 30/12/2019
35. Small Investor |   Link |Dec 25, 2019 4:46:39 PM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
Dear Admin
Please Update Listing Date of this IPO
34. KUR |   Link |Dec 24, 2019 5:43:06 PM
Now I got allotment confirmation for 1 lot (3000 shares).
At what price it will list in NSE. approximate.
33. JAI MATA DI |   Link |Dec 24, 2019 2:47:29 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Both account get 1/3 .. Total 2 out of 6 app.
32. KUR |   Link |Dec 24, 2019 2:46:45 PM
Amount deducted from Bank a/c.
But there is no display in the allotment status link.
Any one got allotment confirmation.
31. MS ASSOCIATE |   Link |Dec 22, 2019 11:50:19 AM
See Allotment statuse here-

31.1. VinShah |   Link |Dec 24, 2019 2:20:50 PM
This link opens up but don't display shares alloted or not after submitting all IPO details.. not proper work of registrar..
30. JAI MATA DI |   Link |Dec 24, 2019 12:35:34 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Allotment out. 1/3
29. VinShah |   Link |Dec 23, 2019 10:55:28 AM
Friends, 1.5x subscription when allotment will come & When will be listing happen?
29.3. Small Investor |   Link |Dec 23, 2019 2:07:36 PM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
29.4. VinShah |   Link |Dec 24, 2019 11:24:57 AM
Still not allotment announced only 1.5x subscription..Not fast work of registrar transfer agent..