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.
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.
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
| IPO Opening Date | 31 Oct 2022 |
|---|---|
| IPO Closing Date | 2 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 Equity Share |
| IPO Price | ₹197 to ₹207 per share |
| Market Lot | 72 Shares |
| Min Order Quantity | 72 Shares |
| Listing At | BSE, NSE |
| 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) |
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Basis of Allotment Date | Nov 7, 2022 |
|---|---|
| Initiation of Refunds | Nov 9, 2022 |
| Credit of Shares to Demat Account | Nov 10, 2022 |
| IPO Listing Date | Nov 11, 2022 |
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.
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 72 Shares.
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.
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 IPO allotment status.
The DCX Systems IPO listing date is Nov 11, 2022. The tentative date of DCX Systems IPO listing is Nov 11, 2022.
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