IPO: Bumper response to DCX Systems IPO, closed after getting subscribed 76 times on the last day

DCX Systems IPO: The initial public offer (IPO) of cable and wire harness assemblies company DCX Systems has received 76x subscriptions on the last day of the issue on Wednesday. According to NSE data, the company’s IPO received bids for 101.27 crore shares against an offer of 1.45 crore shares.

Know how much subscription IPO got including category
The Qualified Institutional Buyers (QIBs) segment received the highest subscription of 95 times, while the Retail Individual Investors (RII) segment saw the maximum subscription of 65 times. On the other hand, the category of non-institutional investors (Non-Institutional Investors) got the lowest subscription of 46 times.

Know the details of IPO
Under the IPO, new shares worth Rs 400 crore have been issued, while in addition the company has also come up with an offer for sale (OFS) worth Rs 100 crore. The price range for the IPO has been fixed at Rs 197-207 per share. DCX Systems on Friday raised Rs 225 crore from anchor investors.

Rs 82 premium in gray market
According to market experts, today the shares of DCX Systems were seen trading at a premium of Rs 82 in the gray market. According to reports, the company’s shares are likely to be listed on the stock exchanges BSE and NSE on Friday, November 11, 2022.

what does the company do
DCX Systems manufactures cables and wire harness assemblies products. The company does business through its manufacturing plant located at Hi-Tech Defense and Aerospace Park SEZ in Bengaluru. DCX Systems IPO was given subscribe rating by several brokerage houses and its overwhelming response proves that there is a lot of enthusiasm among the investors about the company.

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