DCX Systems Limited
IPO Details
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Company Fin.
₹89(43.00%)
Premium (ELP)
The public market debut of DCX Systems Limited's was completed on Nov 11, 2022 with its listing on the NSE, BSE exchange. The IPO process raised 2,41,54,587 Shares in total capital, consisting of 1,93,23,671 Shares in new equity and ₹100.00 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹207 to ₹207 and minimum application size of 72 shares. Investor response during the subscription period from Oct 31, 2022 to Nov 02, 2022 influenced the final allotment ratios across investor categories.
Final allotment was announced on Nov 09, 2022, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
DCX Systems Limited, established in 2011, is one of India’s leading manufacturers of electronic sub-systems and cable harnesses, and a preferred Indian Offset Partner (IOP) for global aerospace and defence OEMs. The company operates a modern manufacturing facility at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru, commissioned in 2020. As of June 30, 2022, it served 26 customers across Israel, the US, Korea, and India, including major Fortune 500 companies, MNCs, domestic OEMs, PSUs, and start-ups, with key clients such as Elta Systems, Israel Aerospace Industries, Bharat Electronics Limited, and Astra Rafael Comsys. DCX’s operations span system integration for radar, sensors, electronic warfare, missiles, and communication systems; cable and wire harness assemblies; and the supply of assembly-ready electronic and electro-mechanical kits. For FY 2020, 2021, and 2022 and the quarters ended June 30, 2021 and June 30, 2022, the company reported revenues of ₹4,492.62 million, ₹6,411.63 million, ₹11,022.73 million, ₹1,229.14 million, and ₹2,132.54 million, respectively.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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