DCX Systems IPO Details
Issue Date
--
Price Range
₹197 - ₹207
Lot Size
--
IPO Size
₹500.00 Cr
DCX Systems IPO Listing Details
Listing On
11 Nov'22
Issue Price
₹207
Listed Price
₹ 287
Retail Gain/Listing Gain
▲38.65%
Schedule of DCX Systems IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
11/11/2022
Company Background
DCX Systems Ltd (DSL) is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in FY22 in the defence and aerospace sector (Source: Company Commissioned F&S Report).
The company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and is also involved in kitting. It 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. It is a rapidly growing company in the Indian defence space with revenue from operations have grown at a CAGR of 56.64% between FY20 and FY22.
Over the years, the company has expanded its manufacturing capabilities and grown its order book. It operates through its manufacturing facility located at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru, Karnataka. Its facility is spread over an area of 30,000 square feet and is set up for complete in-house environmental and electrical testing and wire processing.
The company’s order book has increased from Rs 1,941.31 crore, as of March 31, 2020 to Rs 2,369 crore, as of March 31, 2022. As of June 30, 2022, its order book stood at Rs 2,563.63 crore to be executed in the FY23 to FY25.
Competitive Strengths
Among the preferred Indian Offset Partners (IOP) for the defence and aerospace industry with global accreditations
Technology enabled and scalable end-to-end capabilities
Business model with visibility of cash flows; ability to mitigate operational and technology risk
Strategically located in aerospace SEZ with an advanced and modern manufacturing facility
Track record of consistent financial performance
Key Strategies
Here are a few strategies DCX Systems Limited has for its business:
- Continue expansion of product portfolio with complex technology-based products
- Focus on adjacent industry verticals leading to expansion of customer base Strengthen relationships with its existing customers and expand customer base
- Penetrate into new geographies through an increase in exports
- Continue to improve operational efficiencies through economies of scale, supply chain rationalization and effective resource planning
- Pursue inorganic growth through selective acquisitions
Key Financials
And finally here’s a look at key financials of DCX Systems Limited.
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