Defense/Aerospace - Listed on 11 November 2022
DCX Systems (Defense/Aerospace) closed its IPO window in 2022 and listed on NSE and BSE on 11 November 2022 at an upper band issue price of Rs 207, opening at Rs 308.45 for a listing gain of +49.0% and closing day one at Rs 281 (+35.7% on closing basis). The IPO was subscribed 86.03x overall - QIB 99.76x, HNI/NII 143.14x, Retail 53.71x. The total issue size was Rs 119 Cr (Fresh Issue Rs 119 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Defense/Aerospace
DCX Systems operates in the Defense/Aerospace space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The DCX Systems issue was offered at an upper price of Rs 207 and raised approximately Rs 119 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 65 | +31.40% |
| Day 2 | Rs 65 | +31.40% |
| Day 3 | Rs 65 | +31.40% |
| Day 4 | Rs 70 | +33.82% |
| Day 5 | Rs 70 | +33.82% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the DCX Systems IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
DCX Systems IPO listed at +49.0% versus the upper issue price of Rs 207 on 11 November 2022.
DCX Systems IPO was subscribed 86.03x overall. QIB portion was subscribed 99.76x, HNI / NII 143.14x and Retail 53.71x.
IPO GMP started at Rs 65 on Day 1 and moved to Rs 70 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.