Left-Lead Book Running Lead Manager to the IPO of DCX Systems Limited

Initial Public Offering

Service

November 2022

Date

Industrials

Sector

INR 5,000 MN

Deal Value

Left-Lead Book Running Lead Manager to the IPO of DCX Systems Limited

I] TRANSACTION SYNOPSIS

IPO Size ~₹ 5,000 MN
IPO Structure (Primary / OFS) 80% / 20%
Post Issue Dilution ~24.97%
IPO Price ₹ 207
Subscription (QIB / HNI / Retail)* 90.9x / 46.1x / 63.7x
Total number of applications* 17,92,850

II] SELECT ANCHOR INVESTORS AND ANCHOR BOOK

  • ENAM
  • Factorial
  • HDFC MF
  • Millennium
  • Motilal Oswal MF + AIF
  • MK Ventures
  • Theleme Partners

III] DEAL HIGHLIGHTS

  • DCX Systems Ltd, a preferred Indian Offset Partner for foreign OEMs for executing aerospace and defence manufacturing projects
  • 3rd highest subscribed IPO in CY2022 – Strong subscriptions across investor pools
  • Company listed at a premium of 38%^
  • Advised the Promoter in Pre-IPO stake Sale
  • We was the left-lead banker to the issue and hand-held the management to ensure quick closure within 10 months from kick-off

For further details, please refer to: www.edelweissfin.com
*Excluding anchor subscription & after technical rejections
^NSE Opening Price is considered