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DCX Systems Limited IPO

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DCX Systems Limited is a leading Indian manufacturer of electronic subsystems and cable harnesses.

Since its inception in 2011, the company has been a preferred Indian Offset Partner (“IOP”) for foreign original equipment manufacturers (“OEMs”) in the execution of aerospace and defense manufacturing projects.

The company will open a new manufacturing facility at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru, Karnataka, in 2020.

DCX Systems had 26 customers as of June 30, 2022, in Israel, the United States, Korea, and India, including Fortune 500 companies, multinational corporations, and start-ups.

Domestic and international OEMs, private companies, and public sector undertakings in India, ranging from defense and aerospace to space ventures and railways, are among the company’s customers.

Elta Systems Limited, Israel Aerospace Industries Limited – System Missiles and Space Division, Bharat Electronics Limited, and Astra Rafael Comsys Private Limited are among DCX System’s key customers.

DCX Systems’ revenue from operations in Fiscal 2020, 2021, and 2022, as well as the three months ended June 30, 2021, and June 30, 2022, was Rs. 4,492.62 million, Rs. 6,411.63 million, Rs. 11,022.73 million, Rs. 1,229.14 million, and Rs. 2,132.54 million, respectively.

Verticals of the company’s business:

  • 1. Radar system, sensor, electronic warfare, missile, and communication system integration.
  • 2. Assemblies of cable and wire harnesses
  • 3. The company sells assembly-ready electronic and electro-mechanical parts kits.

Objects of the Issue :

  • 1. Full or partial repayment/prepayment of certain borrowings obtained by the Company.
  • 2. Funding the Company’s working capital requirements.
  • 3. Investment in Raneal Advanced Systems Private Limited, our wholly owned subsidiary, to fund capital expenditure expenses.
  • 4. General corporate objectives

IPO Tentative Timetable :

DCX Systems’ initial public offering (IPO) begins on October 31, 2022 and ends on November 2, 2022. The DCX Systems IPO bid period runs from October 31, 2022 at 10:00 a.m. to November 2, 2022 at 5:00 p.m. The deadline for UPI Mandate confirmation is 5 p.m. on the day the issue closes.

IPO Details :

Face Value₹2 per share
Price₹197 to ₹207 per share
Lot Size72 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 TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company PromotersNCBG Holdings Inc and Vng Technology Private Limited are the company promoter.

IPO Lot Size :

The lot size for the DCX Systems IPO is 72 shares. Individual retail investors can apply for up to 13 lots (936 shares or 193,752).

Retail (Min)172₹14,904
Retail (Max)396₹193,752
S-HNI (Min)141008₹208,656
B-HNI (Min)684896₹1,013,472

Company Contact Information :

DCX Systems Limited

Aerospace SEZ Sector, Plot Numbers 29,30 and 107,

Hitech Defence and Aerospace Park, Kavadadasanahal

Village, Devanahalli Taluk, Bengaluru Rural 562110

Phone: +91 80 6711 9555 / 9535

Email: cs@dcxindia.comWebsite: http://www.dcxindia.com/

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