DCX Systems LTD IPO will begin its first public offering (IPO) On October 31, 2022. One of the top companies in India that produces cable harnesses and electronic subsystems. In order to complete aerospace and defence manufacturing projects DCX Systems LTD started operations in 2011, and has been a preferred Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs).
DCX Systems LTD IPO Details
| IPO Date | Oct 31, 2022 to Nov 2, 2022 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price | ₹197 to ₹207 per share |
| Lot Size | 72 Shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| Company Promoters | NCBG Holdings Inc and Vng Technology Private Limited are the company promoter. |
DCX systems LTD IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Oct 31, 2022 |
| Closing Date | Nov 2, 2022 |
| Basis of Allotment | Nov 7, 2022 |
| Initiation of Refunds | Nov 9, 2022 |
| Credit of Shares to Demat | Nov 10, 2022 |
| Listing Date | Nov 11, 2022 |
Five Star Business Finance LTD IPO: GMP,Issue Price, Issue Size
DCX Systems LTD Industry overview
Due to the COVID-related limitations and lockdowns, the GDP shrank by 7.3% in Fiscal 2021. Organizations like the International Monetary Fund predicted that GDP growth would exceed 9%. However, the revival of Omicron in conjunction with the Russian invasion of Ukraine made already severe supply shortages and inflation even worse. Expectations for growth have been restrained as a result of the confluence of rising product prices and disruptions to logistics and trade routes. However, due to the Indian economy being predominantly driven by domestic demand for goods and services, the growth is still anticipated to be buoyant in Fiscal 2024.
According to recent statements made by the Indian government, the real GDP increased by 8.4% between July and September 2021, 5.4% between October and December 2021, and 4.1% between January and March 2022. Improvements in the manufacturing and agricultural sectors are to blame for this. Growth is projected to be 6.9% in 2023–2024 and 7.0% in 2024–2025, reflecting an improvement in the prognosis for investments and the positive effects of the PLI plan on private investment, particularly manufacturing, as well as higher infrastructure spending. Real GDP, also known as Gross Domestic Product (GDP), is expected to reach a level of 36.85 trillion in 2022-2023, up from 32.46 trillion in quarter one of 2021-2022. This represents a rise of 13.5% as opposed to a 20.1% increase in quarter one of 2021-2022.
DCX Systems LTD IPO: Company Overview
In Israel, the United States, Korea, and India as of June 30, 2022, DCX Systems had 26 clients, including some Fortune 500 firms, international enterprises, and start-ups. Customers of the company include domestic and foreign OEMs, private businesses, and public sector entities in India operating in a variety of industries, from rail and aerospace to defence and aerospace.
Elta Systems Limited, Israel Aerospace Industries Limited – System Missiles and Space Division, Bharat Electronics Limited, and Astra Rafael Comsys Private Limited are just a few of DCX System’s notable clients.
DCX Systems LTD IPO Objectives
DCX Systems will be using these proceeds for the following:
- Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company.
- Funding working capital requirements of the Company.
- Investment in our wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses.
- General corporate purposes.
DCX Systems LTD IPO :Financials
The revenue from operations for DCX Systems 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 in the fiscal years 2020, 2021, and 2022 as well as the three months ended June 30, 2021, and June 30, 2022, respectively.
DCX Systems LTD Strengths
- Technology enabled and scalable end-to-end capabilities.
- Business model with visibility of cash flows and ability to mitigate operational and technology risk.
- Strategically located in aerospace Special Economic Zone with an advanced and modern manufacturing facility.
DCX Systems LTD Weakness
- Dependent on the sale of its products and services to its top 3 customers.
- Revenue from operations depends significantly on offset defence contracts.
- Current order book may not necessarily translate into future income in its entirety.
Company Contact Information
DCX Systems Limited
Aerospace SEZ Sector, Plot Numbers 29,30 and 107,
Hitech Defence and Aerospace Park, Kavadadasanahal
Village, Devanahalli Taluk, Bengaluru Rural 562110
Phone: +91 80 6711 9555 / 9535
Email: cs@dcxindia.com
Website: http://www.dcxindia.com/
DCX Systems IPO Registrar
Phone: +91-22-4918 6270
Email: dcxsystems.ipo@linkintime.co.in
Website: https://linkintime.co.in/
DCX Systems IPO Lead Manager(s)
- Edelweiss Financial Services Ltd
- Axis Capital Limited
- Saffron Capital Advisors Private Limited
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