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DCX Systems Limited

DCX Systems Limited

listed
₹14,184Min. investment

DCX Systems Limited IPO Details

Price range₹197 – ₹207
IPO type
Regular
Lot size72 shares
Issue size₹500Cr
RHP/DRHP
Read

DCX Systems Limited Timeline

  1. Bid start
    31 Oct 2022
  2. Bid end
    2 Nov 2022
  3. Allotment
    2 Nov 2022
  4. Release of funds
    9 Nov 2022
  5. Demat transfer
    7 Nov 2022
  6. Listing
    11 Nov 2022

About DCX Systems Ltd IPO

From the government initiative of promoting domestic manufacturing to rising demand from foreign countries – multiple factors are driving India’s burgeoning defence industry. Against this backdrop, DCX Systems will be listing on the bourses soon.
It is one of the leading Indian players for the manufacturing of electronic subsystems and cable harnesses in the defence and aerospace sector. It is engaged in system integration in areas of radar systems, sensors, electronic warfare, missiles, and communication systems. It also manufactures cables and wire harness assemblies for a variety of uses including communication systems, sensors and surveillance systems.
Beside these two business verticals, it also supplies assembly ready kits of electronic and electro-mechanical parts and undertakes all aspects of procurement.
Now, this company is launching the DCX Systems IPO. The DCX Systems IPO Ltd will be a combination of fresh issue and an offer for sale. The money raised through the fresh issue will be used for repaying debt, funding working capital requirements and investing in its subsidiary.
Company NameDCX Systems Ltd Company TypePrivate
Founder's NameDr. H.S. Raghavendra RaoDCX Systems IPO Price band₹197 – ₹207 per share

Financial snapshot

ParticularsFY 20FY 21FY 22
Revenue₹ 44 9.2 crore₹ 641.1  crore₹ 1102.2  crore
Net Profit₹ 9.7 crore₹ 29 .5 crore₹ 65 .6 crore
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Here’s a quick look at  DCX Systems **** IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. A rapidly growing company in India’s defence space. Its revenue has grown at a CAGR of 56% between FY20 and FY22
  2. Had 26 customers in Israel, the US, Korea and India including Fortune 500 companies, multinational corporations and start-ups, as of June 2022
  3. Has established long-term relationships with key customers. The average period of business relationship with top three customers is over five years
  4. A business model with visibility of cash flow. As of June 30, 2022, the order book comprised 42 orders worth ₹2,563.6 crore
  5. It exported $76 million worth of equipment, accounting for 4.7% of the overall defence exports from India in FY22
  6. One of the largest Indian offset partners for the Israel-based IAI Group

Weaknesses and  threats ****

  1. Top three customers accounted for around 97% of the revenue in Q1FY23 
  2. 96% of the revenue came from system integration vertical in the June quarter of FY23
  3. Exposed to foreign currency fluctuations. Around 52% of the revenue came from exports in Q1FY23
  4. Had negative cash flows from operating activities in the past
  5. Its total borrowings stood at ₹890 crore, as of August 2022. 
  6. The debt-to-equity ratio was at 4x in June 2022 
  7. Any downgrade in its credit ratings could increase its borrowing costs

DCX Systems IPO Details

**** DCX Systems IPO date

The offer document filed by the company with the SEBI mentions that the DCX Systems IPO’s opening date – in other words, the DCX Systems IPO launch date – will be on 31 October 2022. The DCX Systems IPO closing date is 2 November 2022. After this, investors will be updated about the allotment status on 7 November 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 10 November 2022. The DCX Systems IPO listing date is 11 November 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
   **** DCX Systems IPO price band
The entire IPO is a book-built issue. The DCX Systems IPO price band has been set between ₹197 and ₹207 per share. Interested investors can choose a price within this band to apply for the IPO.
The DCX Systems IPO listing price will be determined on 11 November 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.

**** DCX Systems IPO lot size

The DCX Systems IPO details have been declared. The DCX Systems IPO lot size is set at 72 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (936 shares). Meanwhile, the DCX Systems IPO issue size is ₹500 crore.

How to pre-apply for the DCX Systems IPO ?

You can pre-apply for the DCX Systems IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘DCX Systems IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

How to apply for the DCX Systems IPO ?

If you are interested in this investment opportunity but unsure how to apply for the DCX Systems IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the DCX Systems IPO on Upstox:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘DCX Systems IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

How to check the DCX Systems IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to seven days after an IPO closes. This is also true in the case of the DCX Systems IPO.
The DCX Systems IPO’s closing date is 31 October 2022. The DCX Systems IPO’s allotment date has been set seven days later, on 7 November 2022.
Here’s a step-by-step guide on how to check the DCX Systems IPO allotment status:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your allotment status will be mentioned

Open a demat account with Upstox to apply for the DCX Systems IPO

To apply for the DCX Systems IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the DCX Systems IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the DCX Systems IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Dcx Systems IPO Analysis

IPO REVIEW

DCX Systems Limited | Analysis Video

Should you apply?

Watch our analysts break down the Dcx Systems IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

DCX Systems Limited Contact Details

Company NameDCX Systems Limited

How to apply for DCX Systems Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Dcx Systems IPO FAQs

Investors can apply for the DCX Systems Limited through their Demat account via the stock exchange or through their broker.
The issue size of the DCX Systems Limited is 500 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
DCX Systems Limited will be open between 2022-10-31 and 2022-11-02.
DCX Systems Limited allotment date is 2022-11-07. For DCX Systems Limited allotment status check, you can visit the website of the registrar of the IPO.
For DCX Systems Limited, the IPO registrar is Link Intime India Private Limited. You can check DCX Systems Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The DCX Systems Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The DCX Systems Limited lot size is 72 and minimum order quantity is 72.
DCX Systems Limited has set the price band for its IPO at 207 per equity share with a face value of 10.