DCX Systems IPO vs Syrma IPO

Comparision between DCX Systems IPO and Syrma IPO.

IPO Details

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

	DCX Systems IPO	Syrma 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Iifl Securities Ltd
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 Syrma IPO is up to ₹840.00 Cr. The final issue price of DCX Systems IPO is ₹207.00 per share and of Syrma IPO is ₹220.00 per share.

	DCX Systems IPO	Syrma IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹197.00 per share	₹209.00 per share
Issue Price (Upper)	₹207.00 per share	₹220.00 per share
Issue Price (Final)	₹207.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	72 shares	68 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹766.00 Cr
OFS Issue Size		33,69,360 shares
OFS Issue Size (Amount)	up to ₹100.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹840.00 Cr

IPO Timetable

DCX Systems IPO opens on Oct 31, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of DCX Systems IPO and Syrma IPO is Nov 02, 2022, and Aug 18, 2022, respectively.

	DCX Systems IPO	Syrma IPO
Anchor Bid Date
Issue Open	Oct 31, 2022	Aug 12, 2022
Issue Close	Nov 02, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	Nov 07, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	Nov 09, 2022	Aug 24, 2022
Credit of Share (Tentative)	Nov 10, 2022	Aug 25, 2022
Listing date (Tentative)	Nov 11, 2022	Aug 26, 2022
Anchor Lockin End date 1	Dec 07, 2022	Sep 22, 2022
Anchor Lockin End date 2	Feb 05, 2023	Nov 21, 2022

Financials

DCX Systems IPO P/E ratio is 90, as compared to Syrma IPO P/E ratio of 50.69.

DCX Systems IPO

Syrma 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

Syrma SGS Technology Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	286.42	357.4	20.97
31-Mar-20	346.7	404.88	43.88
31-Mar-21	460.01	444.48	28.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.20%

Promoter Shareholding (Post-Issue)

73.58%

P/E Ratio

50.69

Market Cap

₹2002.18 Cr.

₹3877.04 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 Syrma IPO retail investors are offered 25,38,071 shares. Qualified institutional buyers (QIB) are offered 81,65,969 shares in DCX Systems IPO and 85,53,777 shares in Syrma IPO.

	DCX Systems IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	81,65,969 shares	85,53,777 shares
NII	38,07,106 shares	60,03,012 shares
RII	25,38,071 shares	1,40,07,027 shares
Employee	0 shares	0 shares
Others
Total	1,45,11,146 shares	2,85,63,816 shares

Bids Received (Subscription)

DCX Systems IPO subscribed 69.79x in total, whereas Syrma IPO subscribed 32.61x.

	DCX Systems IPO	Syrma IPO
QIB (times)	84.32x	87.56x
NII (times)	43.97x	17.50x
Big NII (times)	45.44x	19.01x
Small NII (times)	41.05x	14.47x
RII (times)	61.77x	5.53x
Employee (times)
Other (times)
Total (times)	69.79x	32.61x

Compare with others

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

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