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DCX Systems IPO
DCX Systems Limited has filed primary papers with SEBI to haul Rs 6,000 million through the public route. The offer will contain Rs 5000 million in new shares and Rs 1000 million in offer for sale. The company is a leading Indian manufacturer of electronic sub-systems and cable harnesses. If you are existing user of Angelone, Apply now and avoid last minute hustle.
Opening Date
Oct 31, 2022
Closing Date
Nov 2, 2022
Price Band
₹197 to ₹207
per equity share
Issue Size
₹500 Cr
Face Value
₹2
per equity share
Market Lot
72 Shares
Opening Date
Oct, 31, 2022
Closing Date
Nov 2, 2022
Price Band
₹197 to ₹207
per equity share
Issue Size
₹500 Cr
Face Value
₹2
per equity share
Market Lot
72 Shares
Listing at NSE, BSE
DCX Systems Limited IPO Important Dates
| IPO Open Date | Oct 31, 2022 |
|---|---|
| IPO Close Date | Nov 2, 2022 |
| 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 |
| UPI Mandate Expiry Date | To be updated |
DCX Systems Latest News and Subscription Status Today [Live]
At 05:38:00 PM.
This IPO has been subscribed 69.79x by 05:38 PM. on Day 3
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 60.28x by 03:07 PM. on Day 3
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 16.73x by 01:02 PM. on Day 3
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 5.45x by 10:44 AM. on Day 3
It is a public issue of 14,511,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 84.32
- (NII) Non-institutional buyers: 43.97
- (RII) Retail Individual buyers: 61.77
- Employees: [.]
- (QIB) Qualified institutional buyers: 72.04
- (NII) Non-institutional buyers: 39.13
- (RII) Retail Individual buyers: 54.19
- Employees: [.]
- (QIB) Qualified institutional buyers: 4.30
- (NII) Non-institutional buyers: 25.21
- (RII) Retail Individual buyers: 44.04
- Employees: [.]
- (QIB) Qualified institutional buyers: 1.76
- (NII) Non-institutional buyers: 8.06
- (RII) Retail Individual buyers: 13.42
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 8.57x by 05:00 PM. on Day 2
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 6.14x by 03:28 PM. on Day 2
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 4.55x by 01:22 PM. on Day 2
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 3.00x by 10:34 AM. on Day 2
It is a public issue of 14,511,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.82
- (NII) Non-institutional buyers: 11.05
- (RII) Retail Individual buyers: 26.55
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.30
- (NII) Non-institutional buyers: 7.54
- (RII) Retail Individual buyers: 22.80
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.04
- (NII) Non-institutional buyers: 5.51
- (RII) Retail Individual buyers: 17.66
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.03
- (NII) Non-institutional buyers: 3.25
- (RII) Retail Individual buyers: 12.18
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 2.11x by 05:00 PM. on Day 1
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 1.14x by 02:54 PM. on Day 1
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 0.78x by 01:14 PM. on Day 1
It is a public issue of 14,511,146 equity shares.
Status of Subscription
This IPO has been subscribed 0.23x by 10:49 AM. on Day 1
It is a public issue of 14,511,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.03
- (NII) Non-institutional buyers: 2.16
- (RII) Retail Individual buyers: 8.70
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.85
- (RII) Retail Individual buyers: 5.26
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.55
- (RII) Retail Individual buyers: 3.63
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.12
- (RII) Retail Individual buyers: 1.12
- Employees: [.]
About DCX Systems Limited
DCX Systems is a leading Indian player in manufacturing electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in Fiscal 2021. The company primarily offers manufacturing system integration, cables and wire harness assemblies, and kitting.
Founded in 2011, they are a rapidly growing company in the Indian defence space, with its revenue from operation growing at 46.22% CAGR between 2019 and 2021.
DCX Systems Limited IPO Objectives
• The company proposes to utilise the net proceeds from fresh issues to fund investment in the wholly owned subsidiary, Raneal Advanced Systems Private Limited.
• DCX Systems will use the fund to prepay and repay certain capital borrowings.
Why should you invest in the DCX Systems Limited IPO?
Here are our top reasons:
- The company is a critical player in the rapidly growing Indian defence industry. They are a preferred IOP for foreign OEMs for executing defence manufacturing projects.
- The company is well-positioned to capitalise on industry tailwinds.
Financial Highlights
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| FY21 | FY20 | FY19 | |
| Revenue From Operation | 6,411.63 | 4,492.62 | 2,998.72 |
| EBITDA | 100.80 | 305.13 | 106.35 |
| EBITDA Margin (%) | 1.57 | 6.79 | 3.55 |
| Profit After Tax | 295.58 | 97.44 | NA |
| EPS | 4.22 | 1.39 | 0.66 |
| ROE | 63.18 | 56.75 | 61.54 |
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How to apply for DCX Systems Limited IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for DCX Systems Limited IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
DCX Systems Limited IPO Noteworthy Highlights:
- The company will benefit as India's defence space expands with the government's proposal to boost indigenous manufacturing.
- They have successfully raised the size of their order book and formed long-term relationships with OEM customers.
- Their services are offered under three verticals: system integration, cable and wire harness assemblies, and kitting.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| The company has competitive advantages, including their efficiency in operations resulting in timely delivery to customers, quality control, and product security. | Loss of clients and decreased product sales will negatively impact the company's future cash flow. |
| They have a mix of domestic and international customers in the defence and aerospace industry. | Any change in the offset defence policy or a decline in India's defence budget will affect future revenue. |
| They are a preferred IOP for foreign OEMs executing defence manufacturing projects and always adhere to global standards. | Delay or discontinuation of current orders will reduce future cash flow. |
Competitive Peers
Below is a competitive analysis of the listed peers of DCX.
| Company Name | Revenue (in million) | Net profit (in million) | EBITDA | ROE |
|---|---|---|---|---|
| Amphenol Interconnect | 988.4 | 186.1 | 23 | NA |
| TE Connectivity India | 1031.5 | 14.2 | 62 | NA |
| Rossell Techsys | NA | NA | NA | NA |
| Sasmos HET Technologies | 8.8 | 0.8 | 0.2 | |
| Data Patterns | 156.1 | 21.1 | 47 | 13.7 |
| Astra Microwave Products | 462 | 47 | 90 | 8.5 |
| Apollo Micro Systems | 203.1 | 10 | 39 | 3.4 |
| Alpha Design Technologies | 399 | 10.4 | 10.4 | 42.8 |
| Centum Electronics | 898.6 | 27.8 | 113 | 9.7 |
| Paras Defence | 149 | 19.7 | 27.01 | 45.7 |
| BEL | 12921 | 1794 | 2734 | 18 |
| DCX | 449.3 | 9.7 | 30.5 | 56.8 |
DCX Systems Limited IPO FAQs
What is DCX Systems Limited India IPO?
DCX Systems Limited has filed for a Rs 6,000 million IPO consisting of Rs 5000 million in new shares and Rs 1000 million in offer for sale from the promoters.
When will DCX Systems Limited IPO allotment be available?
The basis of allotment date for DCX Systems Ltd. is November 7, 2022.
What will be the DCX Systems Limited IPO lot size?
DCX Systems one lot will contain 72 equities.
When will DCX Systems Limited IPO open for subscription?
The public offer will open on October 31, 2022.
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot.
When will DCX Systems Limited list on exchanges?
It can take ten working days from the last day of subscription to complete the IPO listing process. DCX Systems Ltd. IPO will list on BSE and NSE exchanges on November 11, 2022.
How to check the allotment status of DCX Systems Limited IPO?
Customers can log in to their Angel One's account to check DCX Systems Limited IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
What would be the listing gains on the DCX Systems Limited IPO?
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
I have finished the DCX Systems Limited IPO application process, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
How to approve the UPI mandate request for the DCX Systems Limited IPO?
See if you have received a payment request in the UPI portal. Login to the UPI interface and approve the payment request to complete the IPO application process.
Can I submit more than one application for the public issue of DCX Systems Limited using one PAN?
No. Only one application at a time is allowed against one PAN card.
What is the minimum order quantity for DCX Systems Limited IPO?
The minimum size of the application will be one lot.
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