DCX Systems IPO: Bangalore-based DCX Systems IPO (DCX Systems IPO) is going to be launched after Diwali. The company’s IPO will open on October 28 and will be able to apply for investment in the IPO (Initial Public Offering) till November 2. The company has fixed a price band of Rs 197 to 207 per share for the IPO.
Rs 500 crore IPO
Cables and wire harness assembly manufacturing company DCX Systems is going to raise Rs 500 crore from the market through IPO. In which Rs 400 crore will be raised through fresh issue. So the promoters of the company will raise Rs 100 crore by selling their stake through NCBG Holdings Inc and VNG Technology Offer for Sale.
10% quota for retail investors
In the IPO, 75 percent quota has been kept reserved for institutional investors. 15 percent quota has been kept for non-institutional investors and 10 percent for retail investors. Investors can apply for one lot of minimum 72 shares for which Rs 14,904 will be paid.
Revenue up 56.64 percent
The company will repay the debt in the IPO from the amount to be raised through fresh issue. Also, this money will be used to meet working capital requirements, investment in subsidiary Ranial Advance Systems, capital expenditure expenses and general corporate requirements. The company’s revenue was Rs 449 crore in 2019-20, which has increased by 56.64 percent to Rs 1102 crore in 2021-22. The order book of the company was Rs 1941 crore as on March 2020, which has increased to Rs 2369 crore as on March 31, 2022. Edelweiss Financial Services, Axis Capital and Safron Capital are the book running lead managers of the IPO. The IPO will be listed on BSE and NSE.
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