Everything you need to know about DCX Systems Limited IPO

DCX Systems Limited, incorporated in 2011, is a market leader as far as manufacturing electronic sub-systems and cable harnesses; both in terms of manufacturing capability and revenue in the defense and aerospace sector is concerned.

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.

It is a preferred Indian Offset Partner for many foreign original equipment manufacturers for executing defense 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 defense 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 ₹ 2,563.63 crores to be executed in Fiscal 2023 to 2025.

The company has shown a revenue CAGR of 56.64% between Fiscal 2020 and Fiscal 2022, indicating that the firm is a rapidly growing company in the Indian defense space.

Financial Snapshot

FY Ended Total Assets (in cr) Total Revenue (in cr) Net Profit (in cr) ROCE ROE
March 2020 698.85 449.3 9.7 19.2 56.8
March 2021 793.18 641.2 29.6 4.2 63.2
March 2022 942.62 1,102 65.61 13.15 55.80

For more information, you can check the IPO Prospectus filed by the company :point_down:

IPO Details

Issue period 31st October 2022 - 2nd November 2022
Price band ₹ 197 - 207
Minimum Bid Quantity 72 and in multiples thereof
Face value ₹ 2
No of shares 25,380,709 - 24,154,588 Shares
Issue size ₹ 500 Cr
Post Issue Implied Market Cap ₹ 1,925 – 2,002 Cr
Date of Allotment 7th November 2022
Initation of Refund 9th November 2022
Credit of shares 10th November 2022
Date of Listing 11th November 2022
Mandate end date 17th November 2022
Anchor Investors Lock-in End Date 30th November 2022

How do I apply for the DCX Systems Limited IPO?

You can apply for it using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for DCX Systems Limited IPO?

You can check the allotment status on the website of the Registrar and Transfer agent .

Alternatively, you can also check the allotment status on the NSE website.


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