Soon the IPO of DCX Systems. Solid beginnings expected but must we hold on?

IPO of DCX Systems: DCX Systems Ltd shares will soon hit the secondary markets. According to information available on the BSE website, the shares of DCX Systems Limited will be listed and admitted to trading on the stock exchange in due course. According to the tentative schedule, DCX Systems’ IPO date is likely Friday, November 11, 2022.

Before DCX Systems stock price listing, the gray market has become very bullish on the public offering, and stock markets are also expecting a strong listing premium from the public offering. They said that in the case of bulls, DCX stock price could open above 300 each whereas in the case of the bear it can open at around 275 levels per share, expecting a listing premium of 35% to 45% from the public offering.

Speaking on the listing of DCX Systems shares, Ravi Singhal, CEO of GCL Securities, said: “The public offering should give a strong listing premium to the lucky beneficiaries. We expect DCX Systems shares to are listed above. 300 levels per share if secondary market sentiment is positive. However, in the event of weak market sentiment, DCX Systems shares may trade at around 275 per action level. So, in the case of bulls, the sign-up premium for lucky recipients can be expected to be around 45% over its price range of 197 to 207 per share. However, in the event of a bear, lucky recipients can expect to reap at least a 35% sign-up bonus on the public issue.”

On the listing premium forecast for DCX Systems stock price, Pravesh Gour, Principal Technical Analyst at Swastika Investmart, said: “The public offering has received a good response from investors on both the institutional and institutional sides. on the retail side, and the current GMP is 70, or about 32 percent.Nevertheless, the company is concerned about its heavy reliance on key customers, with the majority of revenue coming from the low margin built to print offset defense contracts, the regulated nature of the industry, high debt to equity and high working capital requirements.Therefore, we advise investors to lock in listing gains and only aggressive investors should consider making a long-term commitment to the company.”

Expecting a strong debut for DCX Systems shares, Ravi Singh, Vice President and Head of Research at Share India, said: “DCX’s IPO could show a premium of around 35% over the issue price on the day of listing. India’s growing defense and aerospace landscape can serve as a key opportunity for DCX Systems and presents a positive outlook. Investors can view this IPO from a long-term perspective.

On the follow-up after a strong quote, Share India’s Ravi Singh said: “Investors are advised to hold for the long term as this can benefit as we are seeing an increase in fantasy for defense counters and even the Indian government has many initiatives to stimulate With “Make in India”, “Atmanirbhar Bharat” and other liberalized policies, society opens up great prospects for it.”

DCX Systems IPO GMP Today

According to market watchers, DCX Systems premium gray market (GMP) IPO is today 90, this means that the gray market expects DCX Systems stock price to open at around 297, almost 42% more than its price range of 197 to 207 per share.

Disclaimer: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.

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