DCX Systems Limited has come up with an initial public offer (IPO). It will open on Oct 31-Nov 02, 2022 at Rs.197-207 a share. The IPO issue size is around Rs. 500 crore. The minimum bid will be for 72 shares and in its multiples thereafter.
Overview
DCX Systems Limited is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in the defence and aerospace sector. It is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and kitting. The company has commenced operations in 2011 and have been a preferred Indian Offset Partner (“IOP”) for foreign original equipment manufacturers (“OEMs”) for executing aerospace and defence manufacturing projects. It is a rapidly growing company in the Indian defence space and its revenue from operations have grown at a CAGR of 56.64%. Over the years, it has expanded manufacturing capabilities and grown its order book.
The company classify its operations under the following business verticals:- 1) System Integration, 2) Cable & Wire Harness Assemblies, 3) Kitting. In addition, it also undertake certain job work services that includes assembly and testing of materials that have been supplied directly by its customers.
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