Dcx ipo share price

DCX Systems IPO GMP: Three days bidding for the initial public offering (IPO) of DCX Systems is over and bidders are eagerly waiting for DCX Systems IPO allotment date, which is most likely on 7th November 2022. In three days of bidding, the public issue worth ₹500 crore got strong response from the investors. As per the DCX Systems IPO subscription status, the public issue got subscribed 69.79 times whereas its retail portion was subscribed 61.77 times. Meanwhile, grey market is also giving strong vibes in regard to the public issue. According to market observers, shares of DCX Systems are available at a premium of ₹80 in grey market today. DCX Systems IPO GMP today As per the market observers, ₹80, which is ₹12 higher from its yesterday's close. Market observers maintained that rise in grey market price is noticeable as it has risen despite dip in stock market sentiments for last two days. They said that one can expect better response towards the public offer once there is trend reversal in the secondary market sentiments. They went on to add that DCX Systems IPO GMP has remained around ₹80 for last few days and it reflects that grey market is expecting strong debut of DCX Systems shares on Dalal Street. However, stock market experts maintained that grey market premium should not be taken seriously as it has nothing to do with company's fundamentals. They went on to add that the GMP can be artificial as well because it involves even those people who have high stake invol...

DCX Systems IPO Listing, DCX Systems IPO Share Price Today: Shares of cables and wire harness assemblies maker DCX Systems made a strong debut on Friday, getting listed at a premium of over 38 per cent from their issue price on the stock exchanges. The stock got listed at Rs 287.00 apiece on the National Stock Exchange (NSE), thereby registering a gain of 38.65 per cent from its offer price of Rs 207.00, while on the BSE, it opened at Rs 286.25, up 38.29 per cent from the issue price. Within the first few minutes of listing, the DCX Systems stock inched higher from its listing level. During the first 10 minutes of trade, the shares hit a low of Rs 286.25 on the BSE and Rs 287.00 on the BSE and a high of Rs 299.00 on the BSE and Rs 297.00 on the NSE. At 10:10 am, the scrip was trading at Rs 290.70 on the BSE, up 40.43 per cent from the issue price while on NSE it was at Rs 290.95, up 40.56 per cent. The market capitalisation stood at Rs 2,809.82 crore, data from the BSE showed. Over 1.22 crore shares of DCX Systems were traded so far on NSE while around 7.82 lakh shares have exchanged hands on the BSE, data from the respective stock exchange showed. DCX Systems is engaged in the manufacturing of electronic sub-systems and cable harnesses in the defence and aerospace sector. It commenced operations in 2011 and has been a preferred Indian Offset Partner for foreign original equipment manufacturers for executing aerospace and defence manufacturing projects. As of June 30, 2022...

Premium DCX Systems IPO: Over half of the issue subscribed so far; here’s everything you need to know DCX Systems Limited IPO GMP Today, October 31: The Rs 500 crore initial public offering (IPO) of cables and wire harness assemblies manufacturer DCX Systems is available from October 31-November 2, 2022. It has a price band of Rs 197-207 per share. DCX Systems IPO Today, Check GMP, Review, Price Band: The initial public offering (IPO) of cables and wire harness assemblies maker DCX Systems opened for subscription on Monday, October 31, 2022. It opened for public subscription at 10 am and was subscribed around 56 per cent by 12:12 pm on the first day of bidding. It received total bids for 80,95,392 shares across both the stock exchanges against 1,45,11,146 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 500 crore DCX Systems Wednesday, November 2, 2022, and the price band of the company has been fixed at Rs 197-207 per share. The offer comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of equity shares up to Rs 100 crore by promoters NCBG Holdings Inc and VNG Technology. The net proceeds from the fresh issue will be used for repayment/prepayment of certain borrowings, funding working capital requirements, investment in wholly owned subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses and for general corporate purposes, according to the information given in the Three-forth o...

DCX Systems IPO listing: DCX Systems Ltd's shares are going to hit secondary markets soon. As per the information available on BSE website, the equity shares of DCX Systems Limited shall be listed and admitted to dealings on the Exchange in due course. As per the tentative schedule, DCX Systems IPO listing date is likely on Friday, 11th November 2022. Speaking on DCX Systems share price listing, Ravi Singhal, CEO at GCL Securities said, "The public issue is expected give strong listing premium to the lucky allottees. We are expecting DCX Systems shares to list above ₹300 per share levels if the secondary market sentiment is positive. However, in case of weak market sentiments, DCX Systems shares may list at around ₹275 per share levels. So, in bulls case listing premium for the lucky allottees can be expected around 45 per cent against its price band of ₹197 to ₹207 per equity share. However, in bear case, the lucky allottees can expect to reap at least 35 per cent listing premium from the public issue." On DCX Systems share price listing premium prediction, Pravesh Gour, Senior Technical Analyst at Swastika Investmart said, "The public issue had received a good response from investors both the institutional as well as Retail side, and the current GMP is 70 i.e. around 32 per cent over its issue price. Nevertheless, there are concerns with the company like high dependence on key customers, the majority of the revenue from low margin built to print offset defense contracts,...

The price band has been fixed at ₹197 to ₹207 per share. The has raised ₹225 crore from anchor investors days ahead of its initial share sale. ₹400 crore and an offer for sale of up to ₹100 crore. As per market observers, DCX Systems shares are commanding a premium (GMP) of ₹74 in the grey market today. The shares of the company are expected to list on stock exchanges BSE and NSE on Friday, November 11, 2022. "DCX, being preferred IOP in the Defence & aerospace space is well placed to capture the industry tailwinds. We like its focus on revenue/geography diversification, customer base expansion and inorganic growth which could keep the earnings growth strong. It is valued at 30.5xFY22 P/E which is reasonable compared to listed peers. Given the fancy for Defence stocks and continuous news flows in that space, we expect the IPO to do well. We suggest investors to Subscribe for listing gains," said Motilal Oswal. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure and general corporate purposes. The Bengaluru-based company is primarily engaged in system integration and manufacturing of a comprehensive array of cables and wire harness assemblies, and are also involved in kitting. “During FY20-22, DCX registered CAGR revenue, EBITDA, PAT growth of 56.6%, 228.3%, 159.5%, respectively. Its order book has in...

Electronic sub-systems and cable harness manufacturer DCX Systems is enjoying a healthy double-digit premium in the grey market ahead of its initial public offering (IPO) next week. On October 25, DCX Systems shares traded with a 20 percent premium to the issue price in the grey market, an unofficial platform for trading in IPO shares, analysts said. Generally, investors look at the grey market to know the expected listing gains in an IPO. The offer opens for subscription on October 31 and closes on November 2. The company is planning to raise Rs 500 crore through the IPO, which comprises a fresh issue of Rs 400 crore and an offer for sale of Rs 100 crore, with a price band of Rs 197-207 per share. The improvement in equity market sentiment may be one of the key reasons for the strong grey market premium as the benchmark Nifty50 has rallied more than 5 percent in the current month. The premium can also be attributed to the company’s healthy order book, revenue visibility and increasing government's focus on the defence space. "The reason for the grey market premium can be attributed to its healthy order book of Rs 2,563 crore with operating margins of around 10 percent," Harshad Gadekar, Fundamental Research Analyst at GEPL Capital, said. Along with this, DCX has a strong track record of 55 percent return on equity and 16 percent return on capital employed for FY22. The company's post-issue market capitalisation would be Rs 2,000 crore which is decent considering the above...

DCX Systems is one of the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. DCX Systems is a rapidly growing company in the Indian defence space. It is also one of the largest Indian Offset Partners (IOP) for ELTA Systems Limited and Israel Aerospace Industries Limited, System Missiles and Space Division, Israel, for the Indian defence market for the manufacture of electronic sub-systems and cable and wire harness assemblies. ;

New Delhi: The initial public offering (IPO) of DCX Systems continued to attract investors on the third and final day of the bidding process on Wednesday. The issue was oversubscribed 76.23 times. The company sold its shares in the range of Rs 197-200 apiece to raise Rs 500 crore via its initial stake sale. Investors made bids for 1,012,744,152 equity shares as against 13,285,024 offered for subscription on Wednesday. The quota for retail bidders was subscribed 64.91 times, whereas the allocation for NII investors fetched 46.21 times bids. The company has reserved 50% of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15% allocation. Retail bidders will get the remaining 35% allocation. DCX Systems is involved in the manufacture of electronic sub-systems and cable harnesses. It has 26 customers in Israel, the United States, Korea and India as of June 30, 2022. At the higher price band, DCX is demanding an EV/Sales multiple of 1.2x, which is lower than the peer average, said Choice Broking in its pre-IPO note. "Considering favourable macros for the defence manufacturing sector and for the company, we feel the IPO is attractively priced," the brokerage said with a subscribe rating on the issue. The company has reported consistent financial performance over the years and is technology-enabled with the capacity to scale further without incurring too much capital expenditure, said "There is a huge opportunity in offset...

DCX Systems IPO Allotment: The category for Qualified Institutional Buyers (QIBs) got subscribed 84.32 times, while the portion for Retail Individual Investors (RIIs) received 61.77 times subscription and the non-institutional investors quota was subscribed 43.97 times. The offer had a fresh issue of up to Rs 400 crore and an offer for sale of up to Rs 100 crore. DCX Systems IPO Price Band Those who have applied for DCX Systems IPO allotment can check the status of the IPO application online. For this, one can either visit the official website of the Bombay Stock Exchange (BSE) or can use a direct link. DCX Systems IPO allotment: Check status on BSE Step 1: As stated earlier, a bidder can visit the official website of the BSE to check the status of the IPO application online. Alternatively, he or she can directly click on the link - Step 2: Select the option of 'Equity' under 'Issue Type' Step 3: Select 'Issue Name' i.e. DCX Systems IPO from the menu. Step 4: Either enter your application number in the box or provide your PAN detail to proceed further. Step 5: Click on 'I'm not a robot' and then submit. Status of your DCX Systems application status will be available on the screen. DCX Systems IPO allotment: Check status via direct link or official registrar It is to be noted that Link Intime Private Limited (linkintime.co.in) is the official registrar appointed for DCX Systems IPO. Step 1: Visit the official website of the registrar or click - linkintime.co.in/MIPO/Ipoallo...

Premium DCX Systems IPO: Over half of the issue subscribed so far; here’s everything you need to know DCX Systems Limited IPO GMP Today, October 31: The Rs 500 crore initial public offering (IPO) of cables and wire harness assemblies manufacturer DCX Systems is available from October 31-November 2, 2022. It has a price band of Rs 197-207 per share. DCX Systems IPO Today, Check GMP, Review, Price Band: The initial public offering (IPO) of cables and wire harness assemblies maker DCX Systems opened for subscription on Monday, October 31, 2022. It opened for public subscription at 10 am and was subscribed around 56 per cent by 12:12 pm on the first day of bidding. It received total bids for 80,95,392 shares across both the stock exchanges against 1,45,11,146 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 500 crore DCX Systems Wednesday, November 2, 2022, and the price band of the company has been fixed at Rs 197-207 per share. The offer comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of equity shares up to Rs 100 crore by promoters NCBG Holdings Inc and VNG Technology. The net proceeds from the fresh issue will be used for repayment/prepayment of certain borrowings, funding working capital requirements, investment in wholly owned subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses and for general corporate purposes, according to the information given in the Three-forth o...