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News Details

21/10/2022 12:20

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DCX Systems announces launch of initial public offering

DCX Systems Ltd. has announced public offering of 24154589 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 205.00 per share. The gross proceeds of the issue are expected to be Rs 50,000.00 lakhs.

The company's initial public offer (IPO) will open on 31 October 2022 and is expected to close on 02 November 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 197.00-207.00 per share.

The IPO includes a fresh Issue of 24154589 Equity Shares of the Company at an price of Rs 207.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 72 shares with bids in multiples of 72.

DCX Systems Ltd. anticipates using the proceeds of the issue for .

Axis Capital Limited,Saffron Capital Advisors Pvt. Ltd.,Edelweiss Financial Services Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.