| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹500.00 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for Sale | ₹100.00 Cr |
| Face Value | โน2 Per Equity Share |
| Price Band | โน197.00-207.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543650 |
| NSE Code | DCXINDIA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Saffron Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 72 shares and in multiples thereof
DCX Systems Limited 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 defence 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 defence 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 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.
The company's business verticals:
1. System integrationin areas of radar systems, sensors, electronic warfare, missiles, and communication systems.
2. Cable and Wire Harness Assemblies.
3. The company supplies assembly-ready kits of electronic and electro-mechanical parts.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or part, of certain borrowings availed of by our Company | 110.00 |
| 2 | Funding working capital requirements of our Company | 160.00 |
| 3 | Investment in our wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses; and | 44.88 |
| 4 | General corporate purposes | 58.15 |
| Period Ended | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 763.41 | 793.18 | 698.85 |
| Total Income | 128.69 | 683.24 | 465.23 |
| Profit After Tax | 3.35 | 29.56 | 9.74 |
| NET Worth | 0.00 | 0.00 | 0.00 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 112.62 | 136.38 | 133.98 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 55.8% |
| ROCE | 13.15% |
| Debt / Equity | 4.27% |
| RoNW | 55.79% |
| PAT Margin | 5.84% |
| EBITDA Margin | 7.61% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 9.19 | |
| P/E (x) | 90 | |
| Promoter Holding | 95.88% | 73.58% |
| Market Cap | โน2002.18 Cr. | |