Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Thu, Dec 12, 2019 - Wed, Dec 18, 2019
DC Infotech IPO is a fixed price issue of ₹10.80 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹10.80 crore.
DC Infotech IPO bidding started from Dec 12, 2019 and ended on Dec 18, 2019. The shares got listed on NSE SME on Dec 27, 2019.
DC Infotech IPO price is ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to DC Infotech IPO RHP for detailed Information.
IPO Open
Thu, Dec 12, 2019
IPO Close
Wed, Dec 18, 2019
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹27.00 Cr
| IPO Date | 12 to 18 Dec, 2019 |
| Listed on | Fri, Dec 27, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,26,000 shares Rikhav Securities Ltd. (agg. up to ₹0.5670 Cr) |
| Fresh Issue (Ex Market Maker) | 22,74,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 22,74,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 36,00,000 shares |
| Share Holding Post Issue | 60,00,000 shares |
| NSE Symbol | DCI |
| ISIN | INE0A1101019 |
DC Infotech IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,74,000 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 11,37,000 (50.00%) allocated to NII 11,37,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,37,000 | 50.00% | 47.38% |
| Retail Shares Offered | 11,37,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,26,000 | 5.25% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 1998, Mumbai based DC Infotech Ltd is engaged in reselling and distribution business of computers, and computer peripherals.
The company operates on a broad-based distribution model where it deals with multiple brand strategy and different products. DC Infotech supplies IT products such as networking, security, firewall's, desktop virtualizanion, broadband, surveillance, wireless, digital signage, power solutions and others like cloud security, digital performance, network performance, and enterprise security.
DC Infotech is an IT Solution distribution house in India. Currently, it has 1600 dealers across the country offering a wide range of hardware and software IT products. The company works as a middle man between users & resellers and IT manufacturers/ developers. The company also provides demand generation, after-sale support, logistics services as well. It has 2 offices located in Maharashtra and 8 Warehouses across different states in India.
Business Process:
DC Infotech purchases IT products in bulk from vendors and sells them to channel partners (systems integrators, retailers, corporate resellers, etc). The company supplies both the Value Business and Volume business products to corporate/large businesses and vendors.
Some of the vendors of the company are:
1. End-to-end services
2. PAN India reach
3. Logistics capabilities
4. Long term vendors
5. Wide product range
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 7.65 |
| 2 | General corporate purposes | 2.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 7.4 | |
| Promoter Holding | 100% | 60% |
| Market Cap | ₹27.00 Cr. |
The DC Infotech IPO is subscribed 1.56 times on December 18, 2019 5:00:00 PM (Day 5). The public issue subscribed 1.76 times in the retail category, [.] times in the QIB category, and 1.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.39 | 12,63,000 | 17,52,000 |
| Retail | 1.76 | 11,37,000 | 19,98,000 |
| Total | 1.56 | 24,00,000 | 37,50,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.11 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and other advisory fees | 0.03 |
| 5 | Advertising expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees etc.) | 0.25 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.50 |
| Low | ₹45.00 |
| High | ₹45.50 |
| Last Trade | ₹45.20 |
Satellite Corporate Services Pvt.Ltd.
Lead Manager Reports
DC Infotech IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Dec 12, 2019, and closes on Wed, Dec 18, 2019.
Satellite Corporate Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in DC Infotech IPO using UPI as a payment gateway. Zerodha customers can apply in DC Infotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DC Infotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DC Infotech IPO opens on Thu, Dec 12, 2019 and closes on Wed, Dec 18, 2019.
DC Infotech IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in DC Infotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for DC Infotech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the DC Infotech IPO allotment status.
The DC Infotech IPO listing date is on Fri, Dec 27, 2019.
