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DCX Systems IPO: Good investor response to IPO, issue fully subscribed on day one

DCX Systems IPO: The IPO of DCX Systems, a company that manufactures cables and wire harness assemblies products, has opened for investor subscription from today. Its IPO is getting good response from investors and by noon the entire issue has been subscribed. Here we are telling you how the IPO of DCX Systems has got subscription in different categories.

how much subscribed ipo
The issue has been fully subscribed till 3.40 pm on the first day of the opening of the IPO, and the retail category has been subscribed 6.71 times. The share of non-institutional investors is subscribed 1.37 times and the entire issue is subscribed 1.53 times. The IPO of DCX Systems will be open for investor subscription till November 2.

What is the price band of the company’s IPO
DCX Systems Company has fixed a price band of Rs 197 to 207 per share for the IPO. The company will use the money raised from this IPO to meet the loan repayment and working capital requirements.

The allotment of shares of DCM Systems Limited can happen on November 7. Whereas the refund can start from November 9. The company’s shares will be listed on both BSE and NSE and for this the day has been fixed on November 11 – there are reports.

How is the response of DCX Systems shares in the gray market?
On the first day of opening of the IPO of DCX Systems, its shares are getting a great response in the gray market. The shares of the company are trading at a premium.

Know IPO Size
DCX Systems is going to raise Rs 500 crore from the market through IPO and out of this Rs 400 crore will be raised through fresh issue. While the company’s promoters NCBG Holdings Inc and VNG Technology will raise Rs 100 crore by selling their stake through offer for sale.

10% quota for retail investors
In the IPO, 75 percent quota has been kept reserved for institutional investors. 15 percent quota has been kept for non-institutional investors and 10 percent for retail investors. Investors can apply for a lot of at least 72 shares and the minimum expenditure for this is Rs 14,904.

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