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DCX Systems Limited IPO (DCX Systems IPO) Detail

Oct 31, 2022 - Nov 2, 2022

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.

Company Financials

DCX Systems Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-20698.85465.239.74133.98
31-Mar-21793.18683.2429.56136.38
30-Jun-21763.41128.693.34112.62
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

1. Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company.

2. Funding working capital requirements of the Company.

3. Investment in our wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses.

4. General corporate purposes.

DCX Systems IPO Details

IPO Date Oct 31, 2022 to Nov 2, 2022
Listing Date Friday, November 11, 2022
Face Value ₹2 per share
Price ₹197 to ₹207 per share
Lot Size 72 Shares
Issue Size[.] shares of ₹2
(aggregating up to ₹500.00 Cr)
Fresh Issue[.] shares of ₹2
(aggregating up to ₹400.00 Cr)
Offer for Sale[.] shares of ₹2
(aggregating up to ₹100.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company Promoters

NCBG Holdings Inc and Vng Technology Private Limited are the company promoter.

DCX Systems IPO Tentative Timetable

DCX Systems IPO opens on Oct 31, 2022, and closes on Nov 2, 2022. The DCX Systems IPO bid date is from Oct 31, 2022 10.00 A.M. to Nov 2, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Oct 31, 2022
Closing Date Nov 2, 2022
Basis of Allotment Nov 7, 2022
Initiation of Refunds Nov 9, 2022
Credit of Shares to Demat Nov 10, 2022
Listing Date Nov 11, 2022

DCX Systems IPO Lot Size

The DCX Systems IPO lot size is 72 shares. A retail-individual investor can apply for up to 13 lots (936 shares or ₹193,752).

Application Lots Shares Amount
Retail (Min) 1 72 ₹14,904
Retail (Max) 13 936 ₹193,752
S-HNI (Min) 14 1,008 ₹208,656
B-HNI (Min) 68 4,896 ₹1,013,472

DCX Systems IPO Promoter Holding

Pre Issue Share Holding 98.20%
Post Issue Share Holding 73.58%

DCX Systems IPO Review

Off late, we are witnessing rising fancy for defence counters and even the Government of India has mooted many initiatives to boost this sector. With “Make in India”, “Atmanirbhar Bharat”, and other liberalized policies, DCXSL – the most preferred Indian offset partner - is poised for bright prospects. Based on its financial performance, the issue appears reasonably priced. Investors may consider investing in this issue for the medium to long-term rewards. Read detail review...


DCX Systems IPO Subscription Status (Bidding Detail)

The DCX Systems IPO is subscribed 69.79 times on Nov 2, 2022 7:00:00 PM. The public issue subscribed 61.77 times in the retail category, 84.32 times in the QIB category, and 43.97 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB84.32
NII43.97
    bNII (bids above ₹10L)45.44
    sNII (bids below ₹10L)41.05
Retail61.77
Total69.79

DCX Systems IPO Prospectus

DCX Systems IPO Rating

1288
4.1
Rating:Rated 4.1 stars
Vote Here ...

DCX Systems IPO Listing Date

Listing Date Friday, November 11, 2022
BSE Script Code 543650
NSE Symbol DCXINDIA
Listing In B Group of Securities
ISIN INE0KL801015
IPO Price ₹207 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹207.00
₹286.25
₹286.25
₹319.75
₹308.80

Company Contact Information

DCX Systems Limited
Aerospace SEZ Sector, Plot Numbers 29,30 and 107,
Hitech Defence and Aerospace Park, Kavadadasanahal
Village, Devanahalli Taluk, Bengaluru Rural 562110
Phone: +91 80 6711 9555 / 9535
Email: cs@dcxindia.com
Website: http://www.dcxindia.com/

DCX Systems IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dcxsystems.ipo@linkintime.co.in
Website: https://linkintime.co.in/

DCX Systems IPO FAQs

DCX Systems IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹500.00 Crores. The issue is priced at ₹197 to ₹207 per share. The minimum order quantity is 72 Shares.

The IPO opens on Oct 31, 2022, and closes on Nov 2, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in DCX Systems IPO using UPI as a payment gateway. Zerodha customers can apply in DCX Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in DCX Systems IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'DCX Systems IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The DCX Systems IPO opens on Oct 31, 2022 and closes on Nov 2, 2022.

DCX Systems IPO lot size is 72 Shares and the minimum order quantity is .

You can apply in DCX Systems 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for DCX Systems IPO will be done on Nov 7, 2022, and the allotted shares will be credited to your demat account by Nov 10, 2022. Check the DCX Systems IPO allotment status.

The DCX Systems IPO listing date is on Friday, November 11, 2022.
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