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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 ₹45.00 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). The minimum lot size investment for 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 Date | December 12, 2019 to December 18, 2019 |
| Listing Date | December 27, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹10.80 Cr) |
| Reserved for Market Maker | 1,26,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.5670 Cr) |
| Net Offered to Public | 22,74,000 shares (aggregating up to ₹10.23 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 36,00,000 shares |
| Share Holding Post Issue | 60,00,000 shares |
DC Infotech IPO offers total 24,00,000 shares. Out of which 11,37,000 (47.38%) allocated to NII, 11,37,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,26,000 (5.25%) |
| NII (HNI) Shares Offered | 11,37,000 (47.38%) |
| Retail Shares Offered | 11,37,000 (47.38%) |
| Total Shares Offered | 24,00,000 (100.00%) |
DC Infotech IPO opens on December 12, 2019, and closes on December 18, 2019.
| IPO Open Date | Thu, Dec 12, 2019 |
| IPO Close Date | Wed, Dec 18, 2019 |
| Tentative Listing Date | Fri, Dec 27, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 18, 2019 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in Lakhs) | |||||
|---|---|---|---|---|---|---|
| 1-Apr-2019 to 30-June-19 | 19-Feb-2019 to 31-Mar-19 | 1-Apr-2018 to 18-Feb-2019 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 5,721.55 | 5,427.20 | 4391.03 | 4,784.13 | 3,626.92 | |
| Total Revenue | 3,648.56 | 1,523.49 | 9883.42 | 9,756.24 | 10,878.78 | |
| Profit After Tax | 90.52 | 81.71 | 52.21 | 130.12 | 90.41 | |
The market capitalization of DC Infotech IPO is ₹27.00 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 7.4 |
The Company DC Infotech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 7.65 |
| 2 | General corporate purposes | 2.65 |
[Dilip Davda] The company is in the "High Volume - Low margin" segment that has cut-throat competition with a fragmented unorganized sector. For the past four fiscals, its top line has shown inconsistency. Peers are way ahead in top-line comparison. The sudden boost in margins since it converted in a limited company on 19.02.19 raises concern. Based on the latest financial numbers, issue pricing looks reasonable, but sustainability remains a major worry going forward. Considering these, cash surplus - risk savvy investors may consider investment at their own risks. Read detail review...
| Listing Date | December 27, 2019 |
| BSE Script Code | |
| NSE Symbol | DCI |
| ISIN | INE0A1101019 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.50 |
| Low | ₹45.00 |
| High | ₹45.50 |
| Last Trade | ₹45.20 |
DC Infotech & Communication Ltd.
Unit No. 2, Aristocrate, Ground Floor,
Lajya Compound,
Mogra Road, Andheri (East),
Mumbai, Maharashtra, 400069
Phone: 022-28329000
Email: cs@dcinfotech.com
Website: http://www.dcinfotech.com/
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
DC Infotech IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹10.80 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on December 12, 2019, and closes on December 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 December 12, 2019 and closes on December 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 Friday, December 27, 2019.
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