DCX Systems Ltd (NSE: DCXINDIA): The share of DCX Systems, a smallcap firm that operates in the defense and aerospace industry has increased.
The share of DCX Systems rose 1 percent to the price of Rs 346 this Friday, on the Bombay Stock Exchange (BSE).
The sharp increase in the share of the company comes from the fact that it has received a big order.
The company has announced it received an export request for the sum of Rs 154 crore from the Israeli Elta System.
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The Company Has To Complete The Order Within 12 Months
DCX Systems has said in a regulatory filing that this order is linked to the supply of RF electronic modules. It has to be completed in 12 months.
A subsidiary company of the firm is granted an industrial license from the Cochin Special Economic Zone (CSEZ).
The license permits manufacturing and tests of microwave submodules.
Furthermore, the company will be able manufacture electronic components and avionics to be used in defense. The permit is in effect for 15 years.
The IPO Came 2 Years Ago, The Share Price Was Rs 207
The price of the share during the DCX Systems IPO was Rs 207. Its IPO was available for the public to subscribe to on October 31, 2022, and it was open until the 2nd of November.
The share of this company traded on the 11th of November, 2022 with a price of 286.25 rupees. The share of the company reached the value of Rs 345 on 19 September 2024.
The 52-week high of the share of the company is Rs 451.90. In the same way, the 52-week low point of its share is 235 rupees.
Market capitalization of this small-cap firm is Rs 3845 crores. This company’s IPO was attended by a total number of 69.79 times.
The quota for retail investors for the IPO was purchased 61.77 times. The quota for non-institutional investors (NII) for the firm’s IPO had been signed up 43.97 times.
Yet, 84.32 times bets were classified under the qualified institution buyers (QIB) category.
Quick Fact
| Company name | DCX Systems |
|---|---|
| Industry | Defense and aerospace |
| Recent share price | ₹346 |
| Order received | ₹154.80 crore |
| Order customer | Israeli Elta System |
| Order details | RF electronic modules |
| Time to complete | 12 months |
| Subsidiary’s license | Industrial license from CSEZ |
| License duration | 15 years |
| License scope | Microwave submodules, electronic components, avionics |
| IPO price | ₹207 |
| IPO launch date | October 31, 2022 |
| IPO close date | November 2, 2022 |
| First trading day price | ₹286.25 |
| Possible target price | ₹345 |
| Market cap | ₹3845 crore |
| 52-week peak | ₹451.90 |
| 52-week low | ₹235 |
| IPO subscription | 69.79 times |
| Retail quota subscription | 61.77 times |
| NII quota subscription | 43.97 times |
| QIB quota subscription | 84.32 times |
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