Dcx systems ipo gmp

The three-day initial public offering (IPO) of DCX Systems, manufacturer of cables and wire harness assemblies, will open for public subscription today. The initial share sale, comprising fresh issuance of shares worth to Rs 400 crore and an offer for sale (OFS) of up to Rs 100 crore by existing shareholders, will be available for bidding for three trading days ending November 2. DCX Systems IPO: Price Band The price band for DCX Systems DCX Systems IPO: Issue Size The IPO consists of issuance of fresh equity shares worth Rs 400 with a face value of Rs 2 each. Existing promoters and shareholders will sell shares worth Rs 100 crore via an offer for sale (OFS). DCX Systems IPO: Lot Size Investors can subscribe to the DCX Systems IPO by betting for a lot of 72 shares or in multiples thereof. At the upper range of the price band, one lot of the IPO is worth Rs 14,904. A retail bidder can bid for 13 lots or 936 shares at maximum. DCX Systems IPO: Participating Shareholders NCBG Holdings and VNG DCX Systems IPO: Objective The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes. DCX mopped up Rs 225 crore through its anchor book on October 28, ahead of the public issue opening. A total of 12 investors participated in the anchor book and the company finalized the allocatio...

As per market observers, DCX Systems shares are commanding a premium (GMP) of ₹82 in the grey market today. The shares of the company are expected to list on stock exchanges BSE and NSE on Friday, November 11, 2022. Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. The company operates through their manufacturing facility located at the Hi-Tech Defense and Aerospace Park SEZ in Bengaluru, Karnataka. "At higher price band, DCX is demanding an EV/Sales multiple of 1.2x, which is lower than the peer average. Considering the favorable macros for the defence manufacturing sector and for the company, we feel the IPO is attractively priced," said Choice Broking. “The company has delivered consistent financial performance. Their revenue from operations grew at a 56.64% CAGR between FY20-22. The company has a strong order book of Rs. 2563 crs as on June, 2022. At the upper band, the issue is priced at PE multiple of around 30x (Post fresh issue) based on FY22 metrics, which looks reasonable. Defense stocks have remained in flavour recently due to government initiatives to push indigenous manufacturing and exports of defense equipments," said Abhay Doshi, co-founder at UnlistedArena. Edelweiss Financial Services, Axis Capital and Saffron Capital Advisors are the book running lead managers to the

DCX Systems IPO: After strong response to the initial public offer of DCX Systems Limited in three day subscription from 31st October to 2nd November 2022, bidders and market observers are eagerly waiting for the DCX Systems IPO allotment date, which is most likely on 7th November 2022 i.e. on Monday. As per the DCX Systems IPO subscription status, the public issue has been subscribed whopping 69.79 times whereas its retail portion was subscribed 61.77 times. However, after announcement of share allocation, bidders are advised to check DCX Systems IPO allotment status online by logging in at BSE website — bseindia.com or at the official website of the registrar appointed fro this IPO — Link Intime India Private Ltd whose official website is linkintime.co.in. DCX Systems IPO allotment status check on BSE 1] Login at direct BSE link — bseindia.com/investors/appli_check.aspx; 2] Select DCX Systems IPO; 3] Enter DCX Systems IPO application number; 4] Enter your PAN details; 5] Click at 'I'm not a robot'; and 6] Click at 'Submit' button. Your DCX Systems IPO allotment status will become available on the computer monitor or on the Smartphone screen. DCX Systems IPO allotment status check on Link Intime 1] Login at direct Link Intime web link — linkintime.co.in/MIPO/Ipoallotment.html; 2] Select DCX Systems IPO; 3] Enter your PAN details; and 4] Click at 'Search' option. Your DCX Systems IPO allotment status will soon become available on the computer monitor or on the Smartphone s...

DCX Systems, whose Rs 500 crore ran from October 31 to November 2, will finalise the basis of allotment on November 7. Last heard, the issue was commanding a grey market premium (GMP) of about Rs 82, which was higher than Rs 75 level, the day the issue was opened for subscription. The IPO, which comprised a fresh issue of Rs 400 crore and an offer for sale of Rs 100 crore, was sold in the Rs 197-Rs 207 price band. It received a solid 69.79 times subscription, largely led by qualified institutional buyers (QIB) and retail individual investors (RIIs). The quota reserved for QIB was subscribed 84.32 times, RIIs 61.77 times and that of non individual investors 43.97 times. DCX Systems in fact attracted the third highest subscription level this year after Harsha Engineers International's 74.70 times and Electronics Mart's 71.93 times subscription. Dreamfolks Services (56.68 times) and Campus Activewear (51.75 times) are two other IPOs that received over 50 times subscription this year. Electronics Mart made a strong debut last month, as the scrip got listed at Rs 90 apiece, a 52.54 per cent premium over its issue price of Rs 59. Harsha Engineers had on September 26 listed at a 36 per cent premium over its issue price of Rs 330. Dreamfolks Services saw a 56 per cent listing gain earlier that month. Campus Activewear, meanwhile, jumped 23 per cent on its market debut in May this year. DCX Systems' GMP hints at 39.61 per cent listing pop on November 11. The initiation of refunds f...

DCX Systems’ DCX Systems IPO: Subscription Status Investors interest on DCX Systems Limited’s public issue picked up on Day 2 as the issue was subscribed 4.38 times on the BSE and 1.81 times on the NSE. DCX Systems IPO: Price Band The price band for DCX Systems IPO has been fixed at Rs 197-207 per share. At least 75 per cent of the IPO is reserved for qualified institutional investors, up to 15 per cent for high-net-worth individuals, and 10 per cent for retail investors. DCX Systems IPO: Issue Size The IPO consists of issuance of fresh equity shares worth Rs 400 with a face value of Rs 2 each. Existing promoters and shareholders will sell shares worth Rs 100 crore via an offer for sale (OFS). DCX Systems IPO: Lot Size Investors can subscribe to the DCX Systems IPO by betting for a lot of 72 shares or in multiples thereof. At the upper range of the price band, one lot of the IPO is worth Rs 14,904. A retail bidder can bid for 13 lots or 936 shares at maximum. DCX Systems IPO: Participating Shareholders NCBG Holdings and VNG DCX Systems IPO: Objective The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes. DCX mopped up Rs 225 crore through its anchor book on October 28, ahead of the public issue opening. A total of 12 investors participated in the anchor book and ...

DCX Systems’ IPO to raise up to Rs 500 crore received bids for two times the shares on Monday, the first day of the bidding process. The initial share sale, comprising fresh issuance of shares worth to Rs 400 crore and an offer for sale (OFS) of up to Rs 100 crore by existing shareholders, will be available for bidding for three trading days ending November 2. DCX Systems IPO: Subscription Status The public offer has garnered bids for 5.05 crore shares against an IPO size of 1.45 crore shares subscribing 2.11 times on October 31, the first day of bidding. Retail investors showed good interest, investing for 8.71 times shares of the allotted quota, while the portion set aside for non-institutional investors was subscribed 2.16 per cent. Qualified institutional investors have bought 2.66 lakh shares so far, against the 81.65 lakh shares reserved for them. DCX Systems IPO: Price Band The price band for DCX Systems IPO has been fixed at Rs 197-207 per share. At least 75 per cent of the IPO is reserved for qualified institutional investors, up to 15 per cent for high-net-worth individuals, and 10 per cent for retail investors. DCX Systems IPO: Issue Size The IPO consists of issuance of fresh equity shares worth Rs 400 with a face value of Rs 2 each. Existing promoters and shareholders will sell shares worth Rs 100 crore via an offer for sale (OFS). DCX Systems IPO: Lot Size Investors can subscribe to the DCX Systems IPO by betting for a lot of 72 shares or in multiples thereof....

DCX Systems IPO description – The company is incorporated in 2011, DCX Systems started its journey as “DCX Cable Assemblies Private Limited.” The company is based in Bengaluru, Karnataka. It is among the leading entities engaged in manufacturing electronic sub-systems and cable harnesses. It is a fast-growing company serving the Indian Defense Sector. DCX Systems Limited specializes in manufacturing cables, wire harness assemblies, and kitting. They are a wide supplier and offer protective and reliable products to their customers. It is a preferred Indian Offset Partner when it comes to foreign original equipment manufacturing. DCX Systems Limited specializes in manufacturing cables, wire harness assemblies, and kitting. They are a wide supplier and offer protective and reliable products to their customers. India’s Defense and Aerospace sectors have brought immense opportunities for the company. DCX Systems is a reputed Indian Offset Partner for ELTA Systems Limited, Israel Aerospace Industries Limited, System Missiles, and Space Division. Promoters of DCX Systems – Dr. H.S. Raghavendra Rao, NCBG Holdings Inc. and VNG Technology Private Limited • • • • • • • • • • • • DCX Systems IPO Details DCX Systems IPO Dates 31 October – 2 November 2022 DCX Systems IPO Price INR 197 – 207 per share Fresh issue INR 400 crore Offer For Sale INR 100 crore Total IPO size INR 500 crore Minimum bid (lot size) 72 shares (INR 14,904) Face Value INR 2 per share Retail Allocation 10% Listing On...