DCX Systems shares price target 2022 DCX Systems shares price target 2023 DCX Systems shares price target 2024 DCX Systems shares price target 2025
Today, DCX Systems shares rose 48% above the issue price. Do you sell, hold or buy DCX Systems shares?
DCX Systems shares, which had a great debut Friday, increased by 48 percent over the issue price in the first hour after listing. Analysts believe that investors who are willing to take on risk can keep the stock over time, while those with a shorter investment horizon may be able to book partial profits.
Astha Jain, Hem Securities, said that one can book profits on 50% of holdings and keep half of them as she believes the scrip will still provide healthy returns for the next six to twelve months.
Pravesh Gour is a Senior Technical Analyst at Swastika Investmart. He said that DCX has been able create long-term, deeply rooted relationships with clients because of its execution capabilities in terms time & cost, confidentiality and experienced management team.
DCX Systems Share Price Target 2023
There are some concerns, such as the high dependence on key customers and the highly regulated industry, high debt-to-equity ratios, and high working capital requirements. We recommend that investors lock in listing gains. Only aggressive investors should consider a long-term investment in the company. Gour stated that those who have applied for listing gains may maintain a stop loss at Rs 245.”
Ashika Group’s Head of Research – Retail Arijit Malakar stated that there has been a strong tailwind for the defense sector due to the government’s efforts to make India a hub for defence exports. The DCX System could prove to be a long-term investment in the space.
DCX Systems Share Price Target 2024
The government and seeks to be a $5 billion export nation by 2025 in the aerospace-defense goods sector. Private players such as DCX Systems could play a significant role in reaching this goal. He said that the company has a healthy orderbook of Rs 2,563 crore and revenue visibility for more than two years.”
DCX Systems was listed on NSE today at Rs 287, an increase of 38.65 percent over its Rs 207 issue price. The stock was listed on BSE at Rs 286.25 per share, an increase of 38.29 percent.
The initial share sale by Bengaluru-based company was subscribed 69.79x. Qualified institutional buyers (QIBs), on the other hand, were subscribed 84.32 and 43.97 respectively.
The quota for retail investors (RIIs), was subscribed 61.77
After Harsha Engineers International’s subscription of 74.70 and Electronics Mart’s subscription of 71.93, DCX Systems was the highest-subscription level. Dreamfolks Services (56.68%) and Campus Activewear (51.75%) were two other IPOs to receive more than 50 times subscriptions this year.
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DCX Systems debuts strongly, with a 38% increase in the issue price
DCX Systems IPO Listing and DCX Systems Share Price Today: DCX Systems shares made of wire harness assemblies and cables, DCX Systems, were listed on Friday at a premium price of 38 percent from their stock exchange issue price.
On the National Stock Exchange (NSE), the stock was listed at Rs 287.00 per share, registering a gain 38.65 percent from its offer price at Rs 207.00. While on the BSE it opened at Rs 286.25, an increase of 38.29 percent from the issue price.
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The DCX Systems stock rose from its initial listing within a matter of minutes. The shares traded at a low of Rs 286.25 and Rs 287.00 on BSE, and then rose to a high of Rs 299.00 and Rs 297.00 on NSE in the first 10 minutes.
The scrip traded at Rs 299.70 on the BSE at 10:10 AM, an increase of 40.43 percent from the issue price, while it was Rs 299.95 on NSE at 40.56 percent. According to data from BSE, the market capitalization stood at Rs 2.809.82 crore.
DCX Systems Share Price Target 2025
Data from the respective stock exchanges showed that more than 1.22 million shares of DCX Systems have been traded on NSE and 7.82 lakh shares on the BSE.
DCX Systems manufactures electronic sub-systems, cables and harnesses for the defense and aerospace sectors. It was established in 2011 and is a preferred Indian Offset Partner to foreign original equipment producers for the execution of aerospace and defense manufacturing projects. It had 26 customers in India, the United States and Korea as of June 30, 2022.
Pravesh, Swastika Investmart’s Senior Technical Analyst, commented on the listing. “The strong listing of the company can be attributed unexciting investor subscription levels. The company’s execution capabilities in terms of cost and time, as well as its ability to keep confidentiality and its experienced management team have allowed it to establish long-term, deeply rooted relationships with clients. There are some concerns about the company, such as its dependence on key clients, the majority revenue from low margin offset defense contracts, the regulated industry, high debt-to-equity ratio, and high working capital requirements. We recommend that investors lock in the listing gains. Only aggressive investors should consider a long-term investment in the company. For those who have applied for listing gains, a stop loss of Rs 245, is possible.
Ravi Singh, Vice President and Head of Research at Share India Securities, stated that investors looking to make listing gains should book profits at 50% of their position while keeping a stop loss at Rs 207 as the base IPO price and a target Rs 350.
DCX Systems IPO Subscribed 45% On First Day Of Bidding: Find Price Band, Allotment, Listing Day Here
DCX Systems IPO Subscribe: DCX Systems set the price range for the offer at Rs 197 to Rs 207 per share with a face value Rs 2. DCX Systems IPO Subscribe: DCX Systems has set the price range for the offer at Rs 197 to Rs 207 per share with a face value Rs 2.
DCX Systems IPO Subscriber: DCX Systems’ Initial Public Offering (IPO), for DCX Systems (DCX), opened Monday, October 31. The last day to subscribe is Wednesday, November 2, (Wednesday). With an IPO size exceeding 1.45 million shares, the company received bids for over 64.84lk shares. This equates to a subscription rate of 45 percent on the first day. According to the circular posted on the BSE website, the company decided to give over 1.08 million equity shares to anchor investors at Rs.207 per share, which brings the total transaction value to Rs. 225 crore.
One of the most prominent manufacturers of wire harness assemblies and cables is the Bengaluru-based company. The company is involved in both system integration and the manufacturing of a wide range of cables and wire-harness assemblies. They also do kitting. DCX Systems shares price target
From Rs 500 crore, the company has reduced its new issue of equity shares by Rs 400 crore. The IPO includes a new issue and an offer to sell equity shares up to Rs 100 million by promoters NCBG Holdings Inc.DCX SYSTEMS IPO PRICE BANNER DCX Systems shares price target
DCX Systems IPO price range has been set at Rs 197 to Rs 207 per share with a face value Rs 2. Retail investors can bid for minimum 1 lot of 72 shares, which would be Rs 14,904. Retail investors can bid for minimum 13 lots (13 x 72 = 936 share), which would be Rs 193,752. DCX Systems IPO promoter holdings will drop to 73.58% from 98.20 percent after the IPO. DCX Systems shares price target
According to the company 75% of the issue size was reserved for qualified institutional investors. 15% for non-institutional investors. The remaining 10% is for retail investors.DCX SYSTEMS IPO LISTING DATED
DCX Systems shares will be listed on NSE and BSE at 11:11 on November 11.DCX SYSTEMS IPO OFFICE DATE DCX Systems shares price target
The DCX Systems IPO allotment is set for November 7. On November 9, the refund process will begin. DCX Systems shares are credited to investors’ Demat accounts on November 9.DCX Systems shares price target
The company plans to use the net proceeds of the new issue to pay its debts, fund working capital requirements, and invest in Raneal Advanced Systems, its wholly owned subsidiary, to finance its capital expenditures and other corporate purposes. DCX Systems shares price target