The Bengaluru-based company, DCX Systems Ltd, specialises in system integration, produces a wide range of cables and wire harness assemblies, and also engages in kitting.

IPO Details :: Price, GMP,& Date

On Monday, October 31, 2022, public subscription for the 3-day initial public offering (IPO) of DCX Systems, a producer of cables and wire harness assemblies, will begin.

The offering will end on Wednesday, November 2, 2022. For its initial share offering, the company has set a PRICE range of 197 to 207 rupees per share.

LOT SIZE ::

Investors can place a minimum bid of 72 equity shares and can place further bids in multiples of 72 equity shares.

SIZE OF THE IPO::

According to news agency PTI, the corporation reduced the size of its new equity share issue from the formerly anticipated $500 million to $400 million.

In addition to the fresh offering, the IPO includes an offer for sale (OFS) of equity shares by the promoters NCBG Holdings Inc. and VNG Technology for up to 100 crore rupees.

GMP ::

Market watchers report that today’s grey market premium (GMP) for DCX Systems shares is 81. On Friday, November 11, 2022, the company’s shares are anticipated to list on the BSE and NSE stock markets. On Monday, November 7, 2022, the issue’s share allotment will officially be completed.

Financials overview of the DCX

The business has consistently produced positive financial results. Between FY20 and FY22, their operating revenue expanded at a CAGR of 56.64%. As of June 2022, the company had a sizable order book worth Rs. 2563 cr.

According to data from FY22, the issue is priced at the top band at a PE multiple of about 30x (Post fresh issue), which seems appropriate. Government measures to promote domestic production and exports of defence equipment have kept interest in defence equities high recently, according to Abhay Doshi, co-founder of UnlistedArena.

Use of IPO funds

The company plans to invest the net proceeds from the new issue in its wholly owned subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure costs, as well as for general corporate purposes.

The company also plans to repay or prepay some borrowings it has taken out, cover working capital needs, and fund general corporate purposes.

Official registrar of the Ipo

Link Intime  India private limited is the registrar of the share  sale.click here to check allotment