A rapidly growing company in the Indian defence space.

It is one of the leading Indian players for the manufacturing of electronic subsystems and cable harnesses in the defence and aerospace sector. It is engaged in system integration in areas of radar systems, sensors, electronic warfare, missiles, and communication systems. It also manufactures cables and wire harness assemblies for a variety of uses including communication systems, sensors and surveillance systems.

Beside these two business verticals, it also supplies assembly ready kits of electronic and electro-mechanical parts and undertakes all aspects of procurement.

Objects of the Issue
  • Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company.
  • Investment in our wholly owned Subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses.
  • General corporate purposes.

Company Financials



(Amount in ₹ Crores)

IPO Details



IPO Tentative Timetable



IPO Lot Size

The DCX Systems IPO lot size is 72 shares. A retail-individual investor can apply for up to 13 lots (936 shares or ₹193,752).

IPO Promoter Holding

Pre Issue Share Holding - 98.20%
Post Issue Share Holding - 73.58%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.