All that you should know about the Company before applying for the IPO.
The public issue of equity shares of DCX SYSTEMS LIMITED will open for subscription on October 31, 2022 and closes on November 02, 2022. It is expected to list on the stock exchanges on November 11, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2011, DCX is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in Fiscal 2022 in the defence and aerospace sector. 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. In addition, it also undertakes certain job work services that includes assembly and testing of materials that have been supplied directly by its customers. DCX is also one of the largest Indian Offset Partner for ELTA Systems Limited and Israel Aerospace Industries Limited, System Missiles and Space Division (together, the “IAI Group”), Israel, for the Indian defence market for manufacture of electronic sub-systems and cable and wire harness assemblies.
The company operates in 3 business verticals:
System Integration: Undertakes system integration in areas of radar systems, sensors, electronic warfare, missiles, and communication systems. It provides product assembly and system integration services of various complexities to address customers’ requirements. It also provides product repair support for the parts that it manufactures.
Cable and Wire Harness Assemblies: Manufactures a comprehensive array of cables and wire harnesses assemblies such as radio frequency cables, co-axial, mixed signal, power, and data cables for a variety of uses including communication systems, sensors, surveillance systems, missile systems, military armored vehicles, and other electronic warfare systems for the aerospace and defence industries.
Kitting: Supplies assembly ready kits of electronic and electro-mechanical parts and undertake all aspects of procurement.
Its manufacturing facility, spreaded over an area of 30,000 square feet, is located at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru, Karnataka. As of 30-Jun-2022, the company had 26 customers in Israel, United States, Korea and India. Certain of Its key customers include Elta Systems Limited, Israel Aerospace Industries Limited, Bharat Electronics Limited, Astra Rafael Comsys Private Limited, Alpha-Elsec Defense and Aerospace Systems Private Limited, Alpha Design Technologies Private Limited, Astra Microwave Products Limited, Kalyani Rafael Advanced Systems Private Limited.
Dr. H.S. Raghavendra Rao, NCBG Holdings Inc. and VNG Technology Private Limited
Given below are the objectives of the Company –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
|IPO Size||₹ 500 Crore|
|Offer Mix||Fresh issue ₹ 400 Crore + Offer For Sell ₹ 100 Crore|
|Price Band||₹ 197 - ₹ 207|
|Lot Size||72 Shares (& in multiples thereof)|
|Face Value||₹ 2|
|Application Amount||Min. ₹ 14,904 (1 lot) | Max. ₹ 1,93,752 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Cut-off time for UPI Mandate Confirmation||02-November-2022 (up to 05:00 PM)|
₹ 375 Crore
(75% of the Issue Size)
₹ 75 Crore
(15% of the Issue Size)
₹ 50 Crore
(10% of the Issue Size)
|IPO Opens||October 31, 2022|
|IPO Closes||November 02, 2022|
|Finalization of the basis of allotment||November 07, 2022|
|Unblocking of funds / Initiation of refunds||November 09, 2022|
|Credit of equity shares to Demat accounts||November 10, 2022|
|Listing of equity shares||November 11, 2022|
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