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DCX Systems IPO: Review for subscription!!
500 crore IPO will open on Monday, these signals are coming from gray market, check details before investing money
DCX Systems IPO: The IPO of DCX Systems, a leading manufacturer of electronic sub-systems and cable harnesses, will open on Monday.
DCX Systems IPO to open for subscription on october 31, know here - What is GMP?
DCX Systems IPO: A three-day initial public offering (IPO) of DCX Systems, manufacturer of cable and wire harness assemblies, will open for subscription next week on Monday, october 31, 2022, and close on Wednesday, november 2, 2022. The company has fixed the price band for its initial share sale from ₹197 to ₹207 per share.
According to market observers, the shares of DCX Systems are trading at a premium of ₹80 (GMP) in the gray market today. The company's shares are expected to be listed on the stock exchanges BSE and NSE on Friday, november 11, 2022.
The DCX Systems IPO involves the issuance of new equity shares worth ₹400 crore. In addition to the fresh issue, the promoters and shareholders of the company will sell shares worth Rs 100 crore through an offer for sale (OFS). NCBG Holdings and VNG technology are the promoters of the company.
It is to be noted that DCX Systems Limited, a Bengaluru based company, is primarily engaged in System Integration & Manufacturing of a wide range of Cable & Wire Harness Assemblies, and is also involved in Kitting.
Incorporated in 2011, DCX Systems Limited (DSL) is one of the leading indian companies in manufacturing of electronic sub-systems and cable harnesses. The company operates through its manufacturing facility located at Hi-Tech Defense and Aerospace Park SEZ in Bengaluru, Karnataka.
Investors can bid for a minimum of 72 equity shares and thereafter in multiples of 72 equity shares. Edelweiss Financial Services, Axis capital and Kesar capital Advisors are the book running lead managers of the issue. LINK INTIME india PRIVATE LIMITED is the registrar of share sale.