DCX Systems IPO- Should you Invest or avoid ?

DCX Systems IPO – The IPO for Bangalore -based DCX System Limited will begin accepting subscriptions on 31 OCT  2022.  One of fastest growing company in India for system integration and cable and wire harnessing. Should you buy into the IPO of DCX System ? What potential risks exist with this IPO? We will give a thorough analysis of DCX System Limited  IPO Review in this article.

About DCX System Limited.

DCX Systems Limited is one of the top manufacturers of cable harnesses and electronic subsystems in India. In order to complete aerospace and defence manufacturing projects, the company, which started operations in 2011, has been a preferred Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs).

The business opened a new production facility at Bengaluru, Karnataka’s Hi-Tech Defence and Aerospace Park SEZ in 2020.

In Israel, the United States, Korea, and India as of June 30, 2022, DCX Systems had 26 clients, including some Fortune 500 firms, international enterprises, and start-ups. Customers of the company include domestic and foreign OEMs, private businesses, and public sector entities in India operating in a variety of industries, from rail and aerospace to defence and aerospace.

Elta Systems Limited, Israel Aerospace Industries Limited – System Missiles and Space Division, Bharat Electronics Limited, and Astra Rafael Comsys Private Limited are just a few of DCX System’s notable clients.


DCX SYSTEM has three business verticals

1. System integrationin areas of radar systems, sensors, electronic warfare, missiles, and communication systems.

2. Cable and Wire Harness Assemblies.

3. The company supplies assembly-ready kits of electronic and electro-mechanical parts.

DCX Systems IPO Details

DCX Systems IPO Dates 31 October – 2 November 2022
DCX Systems IPO Price INR 197 – 207 per share
Fresh issue INR 400 crore
Offer For Sale INR 100 crore
Total IPO size INR 500 crore
Minimum bid (lot size) 72 shares (INR 14,904)
Face Value  INR 2 per share
Retail Allocation 10%
Listing On NSE, BSE

DCX Systems Limited Financial Information

Period Ended Total Assets Total Revenue Profit After Tax Total Borrowing
31-Mar-20 698.85 465.23 9.74 133.98
31-Mar-21 793.18 683.24 29.56 136.38
30-Jun-21 763.41 128.69 3.34 112.62

Objects of  DCX SYSTEM IPO

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

1. Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company.

2. Funding working capital requirements of the Company.

3. Investment in our wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses.

4. General corporate purposes.

DCX Systems IPO  Timetable

Event Tentative Date
Opening Date Oct 31, 2022
Closing Date Nov 2, 2022
Basis of Allotment Nov 7, 2022
Initiation of Refunds Nov 9, 2022
Credit of Shares to Demat Nov 10, 2022
Listing Date Nov 11, 2022

DCX Systems IPO Lot Size

The DCX Systems IPO lot size is 72 shares. A retail-individual investor can apply for up to 13 lots (936 shares or ₹193,752).

Application Lots Shares Amount
Retail (Min) 1 72 ₹14,904
Retail (Max) 13 936 ₹193,752
S-HNI (Min) 14 1,008 ₹208,656
B-HNI (Min) 68 4,896 ₹1,013,472

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How to buy Tracxn Technologies IPO online through Zerodha?

If you do not have Zerodha account, sign-up here and proceed to the next step.

If you have a demat account with Zerodha, you can apply this IPO online using the UPI as a payment gateway. Zerodha customers can apply in this IPO by login into Zerodha Console submitting an IPO application form.

Follow below steps to apply this IPO in Zerodha platform:

1) Visit the Zerodha portal and login to the console.

2) Go to Portfolio and click the IPOs link.

3) Visit ‘Tracxn Technologies Limited IPO’ row and click the ‘Bid’ button.

4) Enter your UPI ID, Qty and the Price which you want to bid.

5) Click on ‘Submit’ IPO application form.

6) Visit the UPI App (net banking or BHIM) to approve the mandate.

DCX Systems IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]

DCX Systems IPO GMP Today (Daily Trend)

Date Day-wise IPO GMP Kostak Subject to Sauda

DCX Systems IPO Subscription – Live Updates

Category Shares Offered Day 1 Day 2 Day 3

DCX Systems IPO

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