DCX System Limited IPO Detail
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.
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|IPO Opening Date||Oct 31, 2022|
|IPO Closing Date||Nov 02, 2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per equity share|
per equity share
|Market Lot||72 Shares|
|Min Order Quantity||72 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹500.00 Cr|
|Fresh Issue||₹400.00 Cr|
|Offer for Sale||₹100.00 Cr|
|Retail Portion ||10%|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The DCX System Limited IPO open date is Oct 31, 2022,
and the close date is Nov 02, 2022.
The issue may list on Nov 11, 2022.
|IPO Open Date||Oct 31, 2022|
|IPO Close Date||Nov 02, 2022|
|Basis of Allotment Date||Dec 07, 2022|
|Initiation of Refunds||Dec 09, 2022|
|Credit of Shares to Demat Account||Nov 10, 2022|
|IPO Listing Date||Nov 11, 2022|
IPO Lot Size
The DCX System Limited IPO market lot size is 72 shares.
A retail-individual investor can apply for up to 13 lots (936 shares or ₹193752).
For the year/period ended (₹ in Cr.)
||Profit After Tax
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 System Limited IPO Registrar:
Link Intime India Private Ltd
DCX System Limited IPO Lead Manager(s):
Edelweiss Financial Services Ltd
Axis Capital Limited
Saffron Capital Advisors Private Limited
Company Contact Information:
DCX System Limited
Aerospace SEZ Sector, Plot Numbers 29,30 and 107,
Hitech Defence and Aerospace Park, Kavadadasanahal
Village, Devanahalli Taluk, Bengaluru Rural 562110