Dcx systems ipo grey market premium

The Rs 500 crore initial public offering (IPO) by DCX Systems kicked off for subscription on Monday. The issue, which is being sold in the Rs 197-Rs 207 price band, has received 'subscribe' ratings from a host of brokerages, thanks to reasonable valuations, strong order book, visibility on cashflows and industry tailwinds. Last heard, the issue was commanding a grey market premium(GMP) of Rs 70. The IPO comprises of a fresh issue aggregating up to Rs 400 crore and an offer for sale (OFS) of up to Rs 100 crore. Retail investors can bid for a minimum of 72 equity shares and in multiples of 72 equity shares thereafter. At the upper limit of the price band, the post-issue PE works out to 30.5 times FY22 EPS, which is low compared with peers like Paras Defense & Space Technologies, Data Patterns and Sundram Fasteners. "DCX Systems has better revenue growth CAGR of 57 per cent and PAT CAGR of 159 per cent over the last two years. It has healthy return on equity and a strong order book of Rs 2,564 crore, which provide visibility for the next 2 years. Considering all the positive factors, we believe valuations are at reasonable levels," said Angel One, which has a subscribe rating on the issue. DCX Systems is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and are also involved in kitting. It has a manufacturing facility in Bengaluru, Karnataka. Sushil Finance said the asking price is at a PE of around 72 times,...

Bengaluru-based DCX Systems, a Bengaluru-based manufacturer of cables and wire harness assemblies, commanded a premium in the grey market — or an unofficial market for unlisted securities — a day after the company's IPO concluded with a strong response across different types of investors. The IPO — to raise up to Rs 500 crore — included fresh issuance of shares worth Rs 400 crore.

DCX Systems IPO Details: DCX Systems IPO date is fixed, the IPO is to hit the market on October 31 and will close on November 2, 2022. DCX Systems Technologies IPO to raise around ₹500 crores via IPO that comprises fresh issue of ₹400 crores and offer for sale up to ₹100 crores of ₹2 each. The retail quota is 10%, QIB is 75%, and HNI is 15%. DCX Systems Limited was incorporated in 2011 based in Bengaluru, Karnataka. They are one of the fastest growing company in India for System Integration, and Cable & Wire Harnessing in Indian Defence Sector. DCX Systems provide Cable Assemblies, Kitting, and System Integration services. They provide a complete spectrum of services to Aerospace, Land & Naval Defence systems, Satellites, and Civil Aviation. Their setup is housed in over 30,000 sq ft for assembly, System Integration including Environmental and Electrical Testing. Objects of the Issue • Repayment/ prepayment, in full or part, of certain borrowings availed of by the company. • Funding working capital requirements of Company. • Investment in wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses. • General corporate purposes. DCX Systems IPO Review (Apply or Not) • Apply Brokerage Firm IPO Review • Angel One: Apply • Arihant Capital: May Apply • BP Wealth: Apply • Hem Securities: Apply • Jainam Broking: May Apply • KR Choksey: Apply • Nirmal Bang: Apply • Reliance Securities: Apply DCX Systems IPO Date & Price Band Details I...

Story outline • Starting operations in 2011, DCX Systems is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses • Last heard, the shares of DCX Systems were commanding a premium of Rs 75-80 in the grey market, which went to Rs 85-90 at its peak • The company's Rs 500 crore IPO was sold in the range of Rs 197-207 per share per share NEW DELHI: DCX Systems, whose initial public offering (IPO) received a robust response during the three-day bidding process, is likely to announce its allotment status on Monday, November 07. Starting operations in 2011, DCX Systems is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. It had 26 customers in Israel, the United States, Korea and India as of June 30, 2022. Last heard, the shares of DCX Systems were commanding a premium of Rs 75-80 in the grey market, which went to Rs 85-90 at its peak. However, the premium in the unofficial market has been stable for the majority of the period. The company's Rs 500 crore IPO was sold in the range of Rs 197-207 per share per share and received a strong investor response, subscribing 69.79 times between October 31- November 02. 2) Under the issue type, click Equity 3) Under the issue name, select DCX Systems Limited in the dropbox 4) Write the application number 5) Add the PAN card ID 6) Click on 'I am not a Robot' and hit submit. You can also check the allotment status on the online portal of Link Intime I...

The share allotment status of DCX Systems' initial public offering (IPO) would be finalised on Monday. The initial share sale of Bengaluru-based company got subscribed 69.79 times on the last day of subscription (November 2). The public offer received bids for 101.27 crore shares against 1.45 crore shares on offer, NSE data showed. The qualified institutional buyers' (QIBs') portion got subscribed 84.32 times, while the non-institutional investors' category received 43.97 times subscription. The quota for retail individual investors (RIIs) got subscribed 61.77 times. The offer had a fresh issue of up to Rs 400 crore and an offer for sale of up to Rs 100 crore. Here's how to check the share allotment status on BSE: * Open https://www.bseindia.com/investors/appli_check.aspx on your browser; * Select 'Equity' option and issue name – 'DCX Systems' from the dropdown; * Enter your application number and PAN (Permanent Account Number) details * Check 'CAPTCHA' and click submit to view the status. Latest grey market premium Market participants said DCX Systems IPO grey market premium (GMP) today is at Rs 80. It implies that the grey market is expecting the lender to list around Rs 287 (Rs 207 + Rs 80), which is more than 38 per cent higher than the IPO's upper band price of Rs 207 per equity share. The company aims to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements and investment in its wholly-owned subsidiary Raneal Advan...

• • • • DCX Systems is about to release its IPO on Oct 31, 2022. The issue is closing on Nov 2, 2022 and is currently having an active grey market. The DCX Systems IPO GMP is running at a stable rate as per the current situation. In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market. However, the QIB and the HNI numbers are the key indicators of GMP in the case of DCX Systems IPO. The company is intended to raise Rs 500 Crore by the released issue. DCX Systems IPO GMP Rates, Kotak rates & SS This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more. Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR) 11 Nov 2022 Rs. 85 Rs. 300 Rs. 5000 10 Nov 2022 Rs. 85 Rs. 300 Rs. 5000 09 Nov 2022 Rs. 85 Rs. 300 Rs. 5000 08 Nov 2022 Rs. 75 Rs. 300 Rs. 5000 07 Nov 2022 Rs. 75 Rs. 300 Rs. 5000 06 Nov 2022 Rs. 75 Rs. 300 Rs. 5000 05 Nov 2022 Rs. 75 Rs. 300 Rs. 5000 04 Nov 2022 Rs. 80 Rs. 300 Rs. 5000 03 Nov 2022 Rs. 80 Rs. 200 Rs. 5000 02 Nov 2022 Rs. 80 Rs. 200 Rs. 5000 01 Nov 2022 Rs. 70 Rs. 200 Rs. 5000 31 Oct 2022 Rs. 70 Rs. 200 Rs. 5000 29 Oct 2022 Rs. 80 Rs. 200 Rs. 5000 27 Oct 2022 Rs. 80 Rs. 200 Rs. 5000 26 Oct 2022 Rs. 60 NA NA 25 Oct 2022 Rs. 40 NA NA 24 Oct 2022 Rs. 40 NA NA 23 Oct 2022 Rs. 40 NA NA 2...

The upcoming initial public offering (IPO) of Bengaluru-based DCX Systems would open for subscription on October 31 and conclude on November 2. The company has reduced the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier. The initial share sale also comprises an offer-for-sale (OFS) of equity shares worth up to Rs 100 crore by promoters -- NCBG Holdings Inc and VNG Technology. IPO price band DCX Systems has fixed a price band of Rs 197-Rs 207 per equity share. Investors can bid for a minimum of 72 equity shares and in multiples of 72 equity shares thereafter. "DCX Systems is a well-known participant in the defense and aerospace industry for the production of electronic sub-systems and cable harnesses. The company's financial performance has been consistent. The issue looks reasonably priced at a PE (Price-earnings) multiple of about 30 times (post-fresh issue) based on 2021-22 (FY22) figures. Due to the government's efforts to boost domestic manufacturing and export of defence equipment, the sector-specific stocks have remained popular lately," Manan Doshi of UnlistedArena.com told Business Today. Also Read | Grey market premium Market participants said DCX Systems IPO grey market premium (GMP) today is at Rs 80. It implies that the grey market is expecting the lender to list around Rs 287 (Rs 207 + Rs 80), which is more than 38 per cent higher than the IPO's upper band price of Rs 207 per equity share. According to the company, ...

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...

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...

Bengaluru-based DCX Systems, a Bengaluru-based manufacturer of cables and wire harness assemblies, commanded a premium in the grey market — or an unofficial market for unlisted securities — a day after the company's IPO concluded with a strong response across different types of investors. The IPO — to raise up to Rs 500 crore — included fresh issuance of shares worth Rs 400 crore.