Dcx systems

S Ramalingam, Whole-Time Director and HS Raghavendra Rao, CMD, Let us talk about the Rs 110 crore that you will be using for repayment of your loans. What will be your debt position after that and what will be the annual interest cost savings due to the repayment? S Ramalingam: Right now, we are incurring transaction cost on the banking credit and foreign currency loan from multiple banks like The repayment of the loans you have mentioned will also improve the leverage capacity of your company and your ability to raise further resources in the future. These two funds, your potential business development opportunity and also plans to grow and expand your business; could you tell us about your expansion plans in particular? HS Raghavendra Rao: We are already in aerospace and defence on the cable and wire harness and system integration and kitting. Now we are going to have our own subsidiary backward integration. We are getting our own PCB assembly area for backward integration. Also we will expand our cable and wire harness business, get into our own product taking technology from other countries and move our Make in India programme and supply directly to MOD. This is our future expansion plan. Overall, we want to become one of the finest technology companies in the defence and aerospace industry. You have significant dependence on India defence partners for your revenue. Any changes in the offset defence policy or decline in reprioritisation of funding in the Indian defence...

The IPO of Bengaluru based manufacturer of electronic sub-systems and cable harnesses opened on Monday, October 31, 2022 and closes on November 2, 2022. The offer so far has seen enthusisatic response from retail investors. The total offer is worth ₹ 500 crore out of which ₹ 400 crore is fresh issue and ₹ 100 crore is an offer for sale. The price band of the issue has been set in the range of ₹197-₹207. If you are wondering whether to subscribe to this defence and aerospace supplier, here are five things to know about the IPO. Business DCX Systems is a prominent player in the manufacturing of electronic sub-systems and cable harnesses in the Indian defence and aerospace industry. The major verticals of the company are System Integration where it undertakes system integration of radar systems, sensors, electronic warfare, missiles, and communication systems. The second is Cable and Wire Harness Assemblies where it manufactures a comprehensive array of cables and wire harnesses assemblies such as radio frequency cables, data cables. The third vertical is Kitting where it supplies assembly ready kits of electronic and electro-mechanical parts. The company is planning to establish new verticals to enhance their customer base. It is planning to foray into Electronic manufacturing services (EMS) and Maintenance, Repair and Overhaul (“MRO”) services. As of June 30, 2022, the company had 26 customers in Israel, United States, Korea and India, including certain Fortune 500 companie...

DCX Systems Limited’s public issue opens for subscription today, 31 October. The company aims to raise Rs 500 crore from its Initial Public Offering (IPO), out of which Rs 100 crore will be an offer for sale and the remaining Rs 400 crore will be a fresh issue. The three-day subscription of DCX Systems IPO will continue to be open till 2 November. The promoters of DCX Systems Ltd have fixed the IPO’s price band at Rs 197 to Rs 207 per equity share. The tentative date for the allotment of shares is 7 November. A bidder can apply in lots and one lot will contain 72 shares. According to Ravi Singh, Vice President & Head of Research at Share India, the growing Indian landscape for defence and aerospace may be a key opportunity for DCX Systems. He further added that recent initiatives such as an increase in FDI in the Indian defence sector from the current 49 per cent to 74 per cent under the automatic route are likely to open new growth opportunities for the industry. He went on to say that investors may subscribe to this IPO from a long term perspective. The tentative date for listing of DCX Systems shares is 11 November. The public issue has been proposed for listing on both NSE and BSE. The official registrar appointed for the public issue is Link Intime India Private Ltd. Four leading companies to launch IPOs this week; details here DCX Systems to open IPO on 31 October, learn details here As per Manoj Dalmia, Founder & Director at Proficient Equities said, DCX Systems Lim...

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...