HomeLifestyleDCX Sytems IPO: At what price the shares will be listed today,...

DCX Sytems IPO: At what price the shares will be listed today, what should investors do? Market experts gave this opinion

highlights

Before the listing of shares, there are good signals from the gray market.
Investors are expected to get 30-40 per cent return on listing.
The issue, which opened between October 31 and November 2, received a good response from investors.

Mumbai. DCX Systems Ltd is going to be listed in the stock market today. According to the information available on the website of BSE, the date of listing of IPO of DCX System Limited has been fixed on 11 November 2022. Market experts believe that the shares of DCX Systems can have a strong listing and investors can make a profit of 35 to 40 percent.

According to market experts, DCX Systems share price can open in the range of ₹275 to ₹300. He said that if the market turns bearish, DCX Systems shares may open around ₹275 level while if the rally continues, it may open around or above ₹300 level.

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Listing likely at 30-40% above issue price
Commenting on the listing of DCX Systems Limited IPO, Aastha Jain, Senior Research Analyst, Hem Securities said, “We expect DCX Systems to be listed at an issue price of 36-40 per cent premium,” Mint reported. The business model of the company is very good. The company is consistently performing well on the financial front due to experienced and qualified promoters.

At the same time, Abhay Doshi, Founder, UnlistedArena.com, said, “The IPO of DCX Systems has seen a great response from investors, so we can expect a very good listing. This issue can be listed between ₹ 270 to ₹ 300.

What is the price in gray market today?

According to market analysts, the gray market price of DCX Systems IPO today is ₹88, which means that the gray market is expecting the share price to be around ₹295 (₹207 + ₹88), which is close to its Rs. 40% above the price band.

Let us tell you that this issue opened between October 31 and November 2, got a good response from the investors. This IPO was subscribed 69.79 times. The fixed quota for qualified institutional investors was subscribed 82.32 times. Whereas the non-institutional quota was subscribed 43.97 times and the retail investors’ quota 61.77 times. The allotment of shares was done on 7 November.

Tags: business news, IPO, stock market today

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