DCX Systems IPO GMP History
DCX Systems IPO has been listed on November 11, 2022 at a listing price of ₹287, against the issue price of ₹207 — a gain of ₹80 (+38.65%). The GMP peaked at ₹75 on 9 November 2022 and reached a low of ₹50 on 27 October 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
DCX Systems IPO raised ₹500 Cr. through its IPO at a price band of ₹197 to ₹207 per share, with a lot size of 72 shares. The IPO was open for subscription from 31 Oct 2022 to 02 Nov 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:41 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 09 Nov 2022 | ₹ 75 | — | 36% | — | — |
| 08 Nov 2022 | ₹ 75 | — | 36% | — | — |
| 07 Nov 2022 | ₹ 75 | — | 36% | — | — |
| 04 Nov 2022 | ₹ 75 | — | 36% | — | — |
| 03 Nov 2022 | ₹ 75 | ▲ | 36% | — | — |
| 02 Nov 2022 | ₹ 70 | — | 34% | — | — |
| 01 Nov 2022 | ₹ 70 | ▲ | 34% | — | — |
| 31 Oct 2022 | ₹ 65 | — | 31% | — | — |
| 29 Oct 2022 | ₹ 65 | ▲ | 31% | — | — |
| 28 Oct 2022 | ₹ 60 | ▲ | 29% | — | — |
| 27 Oct 2022 | ₹ 50 | — | 24% | — | — |
| 25 Oct 2022 | ₹ 50 | — | 24% | — | — |
| 22 Oct 2022 | ₹ 50 | — | 24% | — | — |
DCX Systems IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 31 Oct 2022
- Close 02 Nov 2022
- Allotment 07 Nov 2022
- Refund/credit 09 Nov 2022
- Listing 11 Nov 2022
DCX Systems IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹207 |
|---|---|
| GMP-based estimate (pre-listing) | ₹282 (+36.2%) |
| Listing gain / loss | +₹80 per share |
| Listing date | 11 Nov, 2022 |
| Actual listing price | ₹287 (+38.65%) |
Is DCX Systems IPO GMP reliable?
Grey market premium for DCX Systems IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the DCX Systems IPO full review for a fundamentals-based assessment before making any grey market trades.
DCX Systems IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for DCX Systems IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About DCX Systems IPO
DCX Systems Limited was incorporated as DCX Cable Assemblies Private Limited at Bengaluru on 16 December 2011. It is among the leading Indian makers of electronic sub-systems and cable harnesses, and a preferred Indian Offset Partner for foreign OEMs on aerospace and defence projects.
Its work covers system integration for radar systems, sensors, electronic warfare, missiles and communication systems, plus cable and wire harness assemblies and assembly-ready kits of electronic parts.
In 2020 it commissioned a new plant at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru. On 30 June 2022 it had 26 customers in Israel, the United States, Korea and India, including Elta Systems, Israel Aerospace Industries and Bharat Electronics.
The IPO was Rs 500 crore, with Rs 400.00 crore of fresh issue and Rs 100.00 crore of offer for sale by two promoters. Rs 110.00 crore was planned for repaying borrowings and Rs 160.00 crore for working capital.
Frequently asked
What is the GMP of DCX Systems IPO?
The current Grey Market Premium (GMP) of DCX Systems IPO is ₹ 75.
What is the Kostak Price of DCX Systems IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for DCX Systems IPO is not available.
What is the Subject to Sauda Price of DCX Systems IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of DCX Systems IPO?
DCX Systems IPO listed on November 11, 2022 at ₹287, against the issue price of ₹207 — a gain of +38.65%.
How did the GMP of DCX Systems IPO trend before listing?
The GMP of DCX Systems IPO was stable in its final days before listing. The GMP peaked at ₹75 on 9 November 2022. View the day-wise table above for the complete GMP history.
Explore DCX Systems IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
