DCX Systems IPO: The qualified institutional buyers' (QIBs') portion got subscribed 84.32 times, while the non-institutional investors' category received 43.97 times subscription. The quota for retail individual investors (RIIs) got subscribed 61.77 times.
DCX Systems was commanding a grey market premium (GMP) of about Rs 82, which was higher than Rs 75 level, the day the issue was opened for subscription
At the upper limit of the price band, the post-issue PE works out to 30.5 times FY22 EPS, which is low compared with peers like Paras Defense & Space Technologies, Data Patterns and Sundram Fasteners.