DCX Systems Limited IPO Closed

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IPO date 31 Oct 2022 – 02 Nov 2022
Listing date 11 Nov 2022
Price range 197 – 207
Minimum order quantity 72
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DCX Systems Limited, incorporated in 2011, is a market leader in the manufacturing of electronic sub-systems and cable harnesses; both in terms of manufacturing capability and revenue in the defence and aerospace sector is concerned.

Business verticals

It manufactures an array of cables and wire harness assemblies such as radio frequency cables, co-axial, mixed-signal, power, and data cables for diverse uses including communication systems, sensors, surveillance systems, missile systems, military armored vehicles, and other electronic warfare systems. It also provides repair support for the same.

It also undertakes Kitting i.e, They supply assembly-ready kits of electronic and electro-mechanical parts and undertake all aspects of procurement ensuring that customers receive complete, assembly-ready kits when required.

System integration in radar systems, sensors, electronic warfare, missiles, and communication systems is also undertaken by the company.

Performance and growth projection

It is a preferred Indian Offset Partner for many foreign original equipment manufacturers for executing defence manufacturing projects and a significant portion of their revenue is generated from exports. In Fiscal 2022, they exported US$ 76 million worth of equipment accounting for 4.7% of the overall defence exports from India.

Their order book has increased from ₹ 1,941.31 crores, as of March 31, 2020, to ₹ 2,369 crores, as of March 31, 2022. As of June 30, 2022, the order book was ₹ 2,563.63 crores to be executed in Fiscal 2023 to 2025.

The company has shown a revenue CAGR of 56.64% between Fiscal 2020 and Fiscal 2022, indicating that the firm is a rapidly growing company in the Indian defence space.

The public offer of DCX Systems Limited comprises a fresh issue of equity shares aggregating up to ₹ 400 crores and an offer for sale of equity shares aggregating up to ₹ 100 crores at the upper end of the price band.

Financial Snapshot

FY Ended Assets (₹ Crores) Revenue (₹ Crores) PAT (₹ Crores) ROCE ROE
March 2020 698.85 449.3  9.7  19.2  56.8
March 2021 793.18 641.2  29.6 4.2  63.2
March 2022 942.62 1,102  65.61  13.15 55.80

IPO Schedule

Issue Period 31st October to 2nd November 2022
Finalization of Allotment 7th November 2022
Initiation of Refunds 9th November 2022
Credit of Shares 10th November 2022
Date of Listing 11th November 2022
Mandate end date 17th November 2022
Anchor Investors Lock-In End Date 30th November 2022

How do I apply to the DCX Systems Limited IPO?

You can apply for the DCX Systems Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for DCX Systems Limited IPO?

You can check the allotment status for the DCX Systems Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.