Bid/Offer Opening Date – 31st October, 2022; Bid/Offer Closing Date – November 2, 2022
Mumbai, DCX Systems Limited (the ‘Company’) will bring its IPO (Initial Public Offer) on October 31, 2022.
Rs. An IPO of such number of equity shares having a face value of Rs. 500 crore will be introduced to create a fund, of which Rs. 400 crore fresh issue (‘Fresh Issue’) and NCBG Holdings Inc. By Rs. 50 crore and by VNG Technology Private Limited Rs. 50 crores (Offer for Sale with Fresh Issue, the “Offer”).
The price band of the offer per equity share is Rs. 197 to Rs. 207 has decided. Each share has a face value of Rs. 2 is. Bids can be made for a minimum of 72 equity shares and then in multiples of 72 equity shares.
From the net funds received by the company from the fresh issue, Rs. 110 crores to be used to fully or partially repay/prepay certain debts of the company, Rs. 160 crore will be used to meet the working capital requirements of the company, Rs. 44.88 crore has been proposed to be used to meet its capital expenditure by investing in its wholly owned subsidiary Renial Advanced Systems Private Limited and for ordinary corporate purposes.
Listing of equity shares offered through Red Herring Prospectus will be on BSE Limited and National Stock Exchange of India Limited.
BRLMs are – Edelweiss Financial Services Limited, Axis Capital Limited and Saffron Capital Advisors Pvt.