DCX Systems IPO will open for subscription from 31 October 2022. the company aims for an issue size of ₹500 Cr through this IPO.
DCX Systems Limited
The company 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 defense 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 defense 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 ₹4,492.62 million, ₹6,411.63 million ₹11,022.73 million, ₹1,229.14 million and ₹2,132.54 million, respectively. The company’s business verticals are as follows.
- System integration areas of radar systems, sensors, electronic warfare, missiles, and communication systems.
- Cable and Wire Harness Assemblies.
- The company supplies assembly-ready kits of electronic and electro-mechanical parts.
Basic details about the company
| Full name | DCX Systems Limited |
| Sector | Electronics |
| Industry | Electronics manufacturing |
| Company Website | https://dcxindia.com/ |
Objects of the Issue
- Investment in our wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses.
- Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company.
- Funding working capital requirements of the Company.
- General corporate purposes.
Dates to remember
| IPO Opening date | 31 October 2022 |
| IPO Closing | 02 November 2022 |
| Basis of Allotment | 07 November 2022 |
| Initiation Refunds | 09 November 2022 |
| Credit to Demat Account | 10 November 2022 |
| Listing Date | 11 November 2022 |
DCX Systems IPO Details
| IPO Date | Oct 31, 2022 to Nov 2, 2022 |
| 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 |
DCX Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,904 |
| Retail (Max) | 13 | 936 | ₹193,752 |
IPO Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
DCX Systems Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 309.07 | 465.23 | 683.24 | 1,124.33 |
| Expenses | 301.77 | 452.36 | 643.44 | 1,048.78 |
| Net income | 4.6 | 9.74 | 29.56 | 65.61 |
| Margin (%) | 1.49 | 2.09 | 4.33 | 5.84 |
DCX systems Valuations & Margins
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.66 | 1.39 | 4.22 | 9.19 |
| PE ratio | – | – | – | – |
| RONW (%) | 61.54 | 56.75 | 63.18 | 55.79 |
| ROCE (%) | 8.69 | 19.19 | 4.16 | 13.15 |
| EBITDA (%) | 3.55 | 6.79 | 1.57 | 7.61 |
| Debt/Equity | 14.62 | 7.80 | 2.91 | 4.27 |
| NAV | 1.06 | 2.45 | 6.68 | 15.19 |
Company Promoters
- NCBG Holdings Inc
- Vng Technology Private Limited
Lead Manager(s)
- Edelweiss Financial Services Ltd
- Axis Capital Limited
- Saffron Capital Advisors Private Limited
DCX Systems IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: dcxsystems.ipo@linkintime.co.in
Website: www.linkintime.co.in
DCX Systems Contact Details
DCX Systems Limited
Aerospace SEZ Sector, Plot Numbers 29,30 and 107,
Hitech Defence and Aerospace Park,
Kavadadasanahalli Village, Devanahalli Taluk,
Bengaluru Rural – 562110, Karnataka
Phone: +91 80 6711 9555 / 9535
Email: cs@dcxindia.com
Website: www.dcxindia.com
DCX Systems IPO Allotment Status
DCX Systems IPO allotment will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
DCX Systems IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
