dcx systems ipo, IPO eats ‘price’ before market, bumper earnings opportunity for investors; Read detailed details – dcx systems ipo set to open on oct 31; Gray market premium at ₹40/share
The shares of this IPO will be listed on both BSE and NSE. DCX manufactures electronic sub-systems and cable harnesses and is one of the leading companies in India in this field. The promoters of the company NCBG Holding and VNG Technology will sell their stake in the Offer for Sale. 75 percent of the IPO is reserved for institutional investors. At the same time, 15 percent will be for non-institutional investors and retail investors will bid only 10 percent. The company has appointed Edelweiss Financial Services, Axis Capital and Saffron Capital as the running lead managers for the IPO.
What is the price band?
The company has fixed the IPO price at Rs 197-207 per share. So it is mandatory to buy only one share. There are 72 shares in the lot. That means the investor has to bid at least Rs. 14,904.
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What is the gray market price?
Even before the IPO opens, DCX Systems’ shares have received tremendous response in the gray market. According to a Mint report, DCX’s IPO carries a gray market premium of Rs 88. Also if we look at GMP its shares will list around Rs 295 and investors will get huge profit. The shares of this company can be listed in the stock market around November 11.
Meanwhile, according to stock market watchers, shares of DCX Systems are trading at a premium of Rs 88 in the gray market. The company has priced its IPO at Rs 197-207.
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Business of the company
The company has many customers not only in the country but also abroad. As of December 2021, the company had 26 customers in Israel, the US, Korea and India, among other countries. It also includes some Fortune 50 companies. Apart from this, several multinational companies and startups are also customers of DX Systems. Talking about the revenue, the company earned Rs 449 crore in 2019-20. In its next financial year i.e. 2021-22, the company’s revenue has increased by 56.64 percent to Rs 1102 crore. As of March 2020, the company’s order book stood at Rs 1,941 crore. So on March 31, 2022, it increased to Rs 2369 crore. That means the company had orders worth Rs 2369 crore till March.
