Incorporated in 2011, DCX Systems is coming up with an IPO.
Here’s Everything you need to know!
DCX Systems is among the leading Indian players in the manufacturing of electronic sub-systems and cable harnesses.
It has been a preferred Indian Offset Partner for foreign original equipment manufacturers (OEMs) for executing aerospace and defence manufacturing projects.
It has 26 clients as of June 30, 2022, spread across Israel, the US, Korea, and India. These clients included several Fortune 500 firms, global enterprises, and start-ups.
The company's customers include private and public sector undertakings across different sectors, ranging from defence and aerospace to space ventures and railways.
It is a rapidly growing company in the Indian defence industry with its revenue from operations increased at a CAGR of 56.64 per cent between 2019 and 2021
The IPO opening date is October 31, 2022, and it will be closing on November 2, 2022. The issue is likely to be listed on the exchange on November 11, 2022.
The IPO market lot size is 72 Shares and in its multiple. The price band of the issue has been fixed at Rs 197 to Rs 207 per equity share.
The quota for retail investors is fixed at 10 per cent of the net offer. The qualified institutional buyers is fixed at 75 per cent while the NII is reserved at 15 per cent.
The company will utilize the net proceeds towards repayment/prepayment, funding working capital, investment in its wholly owned subsidiary & other than general corporate purposes.