DCX Systems IPO vs Harsha Engineers IPO

Comparision between DCX Systems IPO and Harsha Engineers IPO.

IPO Details

DCX Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Harsha Engineers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	DCX Systems IPO	Harsha Engineers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd Axis Capital Limited Saffron Capital Advisors Private Limited	Axis Capital Limited Equirus Capital Private Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of DCX Systems IPO is up to ₹500.00 Cr whereas the issue size of the Harsha Engineers IPO is up to ₹755.00 Cr. The final issue price of DCX Systems IPO is ₹207.00 per share and of Harsha Engineers IPO is ₹330.00 per share.

	DCX Systems IPO	Harsha Engineers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹197.00 per share	₹314.00 per share
Issue Price (Upper)	₹207.00 per share	₹330.00 per share
Issue Price (Final)	₹207.00 per share	₹330.00 per share
Discount (Retail)
Discount (Employee)		₹31.00 per share
Market Lot Size	72 shares	45 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹455.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹100.00 Cr	up to ₹300.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹755.00 Cr

IPO Timetable

DCX Systems IPO opens on Oct 31, 2022, while Harsha Engineers IPO opens on Sep 14, 2022. The closing date of DCX Systems IPO and Harsha Engineers IPO is Nov 02, 2022, and Sep 16, 2022, respectively.

	DCX Systems IPO	Harsha Engineers IPO
Anchor Bid Date
Issue Open	Oct 31, 2022	Sep 14, 2022
Issue Close	Nov 02, 2022	Sep 16, 2022
Basis Of Allotment (Tentative)	Nov 07, 2022	Sep 21, 2022
Initiation of Refunds (Tentative)	Nov 09, 2022	Sep 22, 2022
Credit of Share (Tentative)	Nov 10, 2022	Sep 23, 2022
Listing date (Tentative)	Nov 11, 2022	Sep 26, 2022
Anchor Lockin End date 1	Dec 07, 2022	Oct 21, 2022
Anchor Lockin End date 2	Feb 05, 2023	Dec 20, 2022

Financials

DCX Systems IPO P/E ratio is 90, as compared to Harsha Engineers IPO P/E ratio of 32.67.

DCX Systems IPO

Harsha Engineers IPO

Financial

DCX Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	698.85	465.23	9.74	133.98
31-Mar-21	793.18	683.24	29.56	136.38
30-Jun-21	763.41	128.69	3.34	112.62
Amount in ₹ Crore

Harsha Engineers International Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-19	195	117.9	-27.41	1.41
31-Mar-20	973.24	899.5	21.91	378.02
31-Mar-21	981.07	876.73	45.44	433.22
31-Mar-22	1158.25	1339	91.94	527.9
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.20%

99.70%

Promoter Shareholding (Post-Issue)

73.58%

74.6

P/E Ratio

32.67

Market Cap

₹2002.18 Cr.

₹3004.20 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the DCX Systems IPO retail investors (RII) are offered 25,38,071 shares while in Harsha Engineers IPO retail investors are offered 25,38,071 shares. Qualified institutional buyers (QIB) are offered 81,65,969 shares in DCX Systems IPO and 47,92,950 shares in Harsha Engineers IPO.

	DCX Systems IPO	Harsha Engineers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	81,65,969 shares	47,92,950 shares
NII	38,07,106 shares	35,94,780 shares
RII	25,38,071 shares	83,87,730 shares
Employee	0 shares	88,335 shares
Others
Total	1,45,11,146 shares	1,68,63,795 shares

Bids Received (Subscription)

DCX Systems IPO subscribed 69.79x in total, whereas Harsha Engineers IPO subscribed 74.70x.

	DCX Systems IPO	Harsha Engineers IPO
QIB (times)	84.32x	178.26x
NII (times)	43.97x	71.32x
Big NII (times)	45.44x	74.78x
Small NII (times)	41.05x	64.41x
RII (times)	61.77x	17.63x
Employee (times)		12.07x
Other (times)
Total (times)	69.79x	74.70x

Compare with others

DCX Systems IPO	Harsha Engineers IPO
Global Health IPO	Uniparts India IPO
Five Star Business Finance IPO	Kaynes Technology IPO
Uniparts India IPO	Electronics Mart India IPO
Kaynes Technology IPO	DCX Systems IPO
Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
Tamilnad Mercantile Bank IPO	Dreamfolks Services IPO
Harsha Engineers IPO	Syrma IPO
Dreamfolks Services IPO	Aether Industries IPO
Syrma IPO	eMudhra IPO
Aether Industries IPO	Paradeep Phosphates IPO

Comments

Add a public comment...