DCX Systems IPO share allotment today: Here’s how to check your status online
DCX Systems IPO GMP Allotment Today: The shares of cables and wire harness assemblies maker DCX Systems will get allotted to investors on Monday, November 7. Here is how to check if you have been allotted the shares.
DCX IPO GMP Today: Bengaluru-based DCX Systems is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in kitting. (Image: DCX Systems website) DCX Systems IPO GMP Share Allotment Status: The initial public offering (IPO) of cables and wire harness assemblies manufacturer DCX Systems was subscribed 69.79 times over the 1.45 crore shares that were on offer during the subscription period from October 31-November 2, 2022. The price band was fixed at Rs 197-207 per share and the issue was fully subscribed on the first day of opening last Monday.
The Rs 500 crore DCX Systems IPO comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of equity shares up to Rs 100 crore by promoters NCBG Holdings Inc and VNG Technology.
The net proceeds from the fresh issue will be utilised for repayment/prepayment of certain borrowings, funding working capital requirements, investment in wholly owned subsidiary, Raneal Advanced Systems Private Limited, to fund its capital expenditure expenses and for general corporate purposes.
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