IPO

DCX Systems Limited IPO

Mainboard

Aerospace & Defense

Listed On: Nov 11, 2022 at ₹ 287.0 (NSE)

₹ 14904 /72 Shares

Check Allotment

31 Oct, 2022

Open Date

02 Nov, 2022

Close Date

08 Nov, 2022

Allotment Date

11 Nov, 2022

Listing Date
Price Summary

Last Closing

222.37 (7.43%)

52 Week High

393.00

52 Week Low

200.10

Last Update

4-Nov-2025 3:30 PM
DCX Systems Limited IPO Issue Details
  • Issue Price ₹197-207 per equity share
  • Face Value ₹2 Per Equity Share
  • Issue Price Approx 500 Crores : Fresh Issue of 400 Cr + Offer for Sale of 100 Cr
  • Listing at BSE, NSE
  • List Price 287.0 (NSE)
  • Listing Date 2022-11-11
  • Lead Manager Edelweiss Financial Services Ltd ,Axis Capital Limited ,Saffron Capital Advisors Private Limited
  • Registrar Link Intime India Private Limited
DCX Systems Limited IPO Details
  • Retail Portion 10% (Number of Retail Applications : 33,540 Approx),
    (Number of sHNI Applications : 1,190 Approx),
    (Number of bHNI Applications : 2,390 Approx)
DCX Systems Limited IPO Documents
DRHP
RHP
DCX Systems Limited IPO Details


The IPO of DCX Systems Limited is priced at ₹197-207 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Oct 31, 2022 and ends on Nov 2, 2022. The allotment for DCX Systems Limited IPO will be finalized on Nov 8, 2022. DCX Systems Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 11, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Edelweiss Financial Services Ltd ,Axis Capital Limited ,Saffron Capital Advisors Private Limited.


The DCX Systems Limited IPO sets its price band at 197-207 for each share. A single application for DCX Systems Limited IPO must contain at least 72 shares.

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DCX Systems Limited IPO Subscription Analysis And Details
Retail
61.77x
QIB
84.32x
NII
43.97x
bNII
45.44x
sNII
41.04x
Total
69.79x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved8,165,9693,807,106
2,538,070    1,269,036		2,538,07114,511,146
Day 1 31-10-22 05:00 PM
0.03 x2.16
1.76 x   2.95 x		8.71 x2.11 x
Day 2 01-11-22 05:00 PM
1.82 x11.05
9.96 x   13.23 x		26.55 x8.57 x
Day 3 02-11-22 05:00 PM
84.32 x43.97
45.44 x   41.04 x		61.77 x69.79 x
Total No of Applications
1832516
DCX Systems Limited Valuations
Earnings Per Share (EPS) ₹9.19/-
P/E Ratio N/A
RoNW 55.79%
Net Asset Value (NAV) - As on 31.03.22 ₹15.19
DCX Systems Limited Company Financials
In Crs.
In Cr.
30-Jun-2131-Mar-2131-Mar-20
Assets763.41793.18698.85
Revenue128.69683.24465.23
Profit After Tax3.3429.569.74
About DCX Systems Limited Company

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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DCX Systems Limited - Promoter(s)

NCBG Holdings Inc

Vng Technology Private Limited

Pre Issue Share Holding : 98.20%

Post Issue Share Holding : 73.58%

DCX Systems Limited IPO - Issue Objectives
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 Systems Limited IPO - Anchor Investors

DCX Systems raises Rs 225 crore via anchor book ahead of IPO.
Investors including Volrado Venture Partners Fund, Cohesion MK Best Ideas, Quantum State Investment Fund, India SME Investments, Theleme India Master Fund, Resonance Opportunities Fund, Vikasa India EIF I Fund, and BNP Paribas Arbitrage made investment in the company via anchor book.
The company said out of total allocation to anchor investors, 36.23 lakh equity shares were allocated to two domestic mutual funds -HDFC Mutual Fund, and Motilal Oswal Mutual Fund. These funds invested nearly Rs 75 crore in DCX Systems via anchor book.