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IPO Details
Issue Date
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Investment/lot
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Price Range
197 - 207
Lot Size
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IPO Size
₹ 500.00 Cr
IPO Listing Details
Listing On
11 Nov'22
Issue Price
207
Listed Price
₹ 287
Retail Gain/Listing Gain
▲38.65%
IPO Timeline
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
Read MoreTechnology enabled and scalable end-to-end capabilities
Read MoreBusiness model with visibility of cash flows; ability to mitigate operational and technology risk
Read MoreStrategically located in aerospace SEZ with an advanced and modern manufacturing facility
Read MoreTrack record of consistent financial performance
Read MoreKey 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.
Particulars (in Rs. million)
Particulars (in Rs. million)
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DCX Systems Ltd IPO FAQs
When is DCX Systems Ltd IPO listing date?
DCX Systems Ltd will list on 2022-11-11.
What is the issue size of DCX Systems Ltd IPO?
500.00 is the issue size of DCX Systems Ltd IPO.
What is the price band of the DCX Systems Ltd IPO?
The price band of DCX Systems Ltd IPO is ₹197 to ₹207.
What is DCX Systems Limited IPO?
The DCX Systems Limited IPO has an issue size of Rs. 500 crore. The IPO opens for subscription on 31st October and ends on 2nd November.
What are the allotment dates for DCX Systems Limited IPO?
To be announcedv
Who is the Registrar of DCX Systems Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
When will DCX Systems Limited IPO get listed on BSE and NSE?
The dates are yet to be decided.
Where can I read more about DCX Systems Limited business?
You can read more about DCX Systems Limited and its IPO from the company’s red herring prospectus (RHP) here.
