DCX System IPO Review

 




About Company:

DCX Systems Limited is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. The company commenced operations in 2011 and has been a preferred Indian Offset Partner ("IOP") for foreign original equipment manufacturers ("OEMs") for executing aerospace and defence manufacturing projects.

As of June 30, 2022, DCX Systems had 26 customers in Israel, the United States, Korea and India, including certain Fortune 500 companies, multinational corporations and start-ups. The company's customers include domestic and international OEMs, private companies and public sector undertakings in India across different sectors, ranging from defence and aerospace to space ventures and railways.

DCX System's key customers include Elta Systems Limited, Israel Aerospace Industries Limited - System Missiles and Space Division, Bharat Electronics Limited, and Astra Rafael Comsys Private Limited, among others.

Services provided by the company:

1. System integration in 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.

Objectives of issue:

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.

Financials:


According to the management, the major activities in the industry like DCXSL take place in the second half of the year as per historical data, and hence the Q1 of FY23 performance is not relevant for considering annualized performance.   

Tentative Timetable:

DCX Systems IPO opens on Oct 31, 2022, and closes on Nov 2, 2022. The DCX Systems IPO bid date is from Oct 31, 2022 10.00 A.M. to Nov 2, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.


IPO Promoter Holding:


Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Source:

https://www.chittorgarh.com/ipo_news/dcx-systems-ipo/1316/


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