DC Infotech IPO Dates, Bid, Size, Allotment, Subscription, GMP, Listing, Price
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the DC Infotech IPO release date, IPO offer price, subscription, DC Infotech IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.
| Post issue Modification Period | 19-Dec (10 AM to 11 AM) |
| Cut-off time for UPI Mandate | 19-Dec (upto 12:00 PM) |
| Issue Price | Rs.45 |
| Face Value | Rs.10 |
| Tick Size | Re.1 |
| Max. Subscription Amount for RII | Rs.2,00,000 |
| Min. Order Quantity | 3000 Equity Shares |
| Market Lot | 3000 Equity Shares and in multiples thereof |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Issue Size | Public Issue of 24,00,000 Equity Shares (Including market maker portion of 1,26,000 shares) |
DC Infotech IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 7.3/10 |
| Company Reputation | 7.2/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.1/10 |
| Popularity Index | 7.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.4/10 |
| Star Ratings | ★★★★☆ |
Summary of DC Infotech IPO
We are an IT Solution distribution house in India having commenced our operations with reselling and redistribution of IT hardware products like Cabinets, motherboard, etc.
Engaged in the distribution business, our Company has partnered with a number of networking and security brands for distribution in the country.
Ours is a broad-based distribution model which is based on multiple products and multiple brand strategy. Currently, we operate with a dealer network of around 1600 dealers and through sales representatives.
It plays the role of an IT Distributor offering the bouquet of services. We act as the link between the IT manufacturers/developers and end-users and other resellers. Our Company is in the distribution business of hardware and software IT products.
The Promoters of this company are DC Infotech and Communication Limited IPO is Chetankumar Timbadia and Devendra Sayani. The lead managers to the issue are FedEx Securities Private Limited and the Registrar to this issue is Satellite Corporate Services Private Limited.
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DC Infotech IPO Date
The opening and the closing date of the DC Infotech IPO is Dec 12 – Dec 18, 2019.
DC Infotech IPO Subscription
- DC INFOTECH IPO BID DETAILS
| Day / Date | NII | RII | Total Subscription |
| 1st Day – Dec 12 | 0.01x | 0.09x | 0.05x |
| 2nd Day – Dec 13 | 0.48x | 0.26x | 0.37x |
| 3rd Day – Dec 16 | 0.49x | 0.47x | 0.48x |
| 4th Day – Dec 17 | 1.36x | 0.86x | 1.12x |
| 5th Day – Dec 18 | 1.39x | 1.75x | 1.56x |
| Shares Offered or Net Issue | 1,263,000 | 11,37,000 | 2,400,000 |
The shares subscribed by the public will be updated here.
DC Infotech IPO Allotment Status
Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
DC Infotech IPO Price Band or Cash Price
The cash price for this IPO is Rs. 45 per Equity Share
DC Infotech IPO Issue Size
Initial Public Issue of 24,00,000 Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 45 per equity share (including a premium of Rs. 35 per equity share) aggregating to Rs. 1080.00 Lakhs by our Company
DC Infotech IPO Equity Share Offering
The Issue (excluding the Market Maker Reservation Portion) of 22,74,000 Equity Shares of face value Rs. 10 each fully paid-up of our Company for cash at a price of Rs. 45 per Equity Share (the Issue Price) aggregating up to Rs. 1023.30 Lakhs.
Market Maker Reservation Portion – 1,26,000 Equity Shares of face value of Rs. 10 each fully paidup for cash at price of Rs. 45 per Equity Share aggregating to Rs.56.70 Lakhs.
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DC Infotech Limited – Company Overview
Our Company was originally incorporated as a Partnership Firm in 1998 through its Partners, viz., Devendra Sayani and Chetankumar Timbadia and subsequently converted the Partnership Firm into a Public Limited Company and commenced the business from February 18, 2019.
DC Infotech Business Model
We are an IT Solution distribution house in India having commenced our operations with reselling and redistribution of IT hardware products like Cabinets, motherboard, etc. Engaged in the distribution business, our Company has partnered with a number of networking and security brands for distribution in the country.
Currently, we operate with a dealer network of around 1600 dealers and through sales representatives. We play the role of an IT Distributor offering the bouquet of services.
DC Infotech Business Process
Our Company is engaged in providing distribution services of both, Volume Business and Value Business products. Products that fall in the volume business segment are typically fast-moving high-volume products of foremost brands in the respective product category etc.
Business strategies of DC Infotech
- Growth in the existing product lines
- Adding new products in the existing verticals
- Foray into new verticals and business lines
- Exploring new regions and geographies
- Focus on niche products
DC Infotech – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary of DC Infotech IPO
On the basis of Standalone statement:-
| Amount (in INR & lakhs) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 5427.20 | 4784.13 | 3626.92 |
| Total Revenue | 1523.49 | 9756.24 | 10878.78 |
| Total Expense | 1410.35 | 9576.43 | 10749.68 |
| Profit After Tax | 81.71 | 130.12 | 90.41 |
Earnings per Equity Share (in lakhs)
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 3.72 | 3.61 | 2.51 |
From the above statements, one could find that DC Infotech may perform well.
DC Infotech IPO – Promoters
The Promoter of this company is:
- Chetankumar Timbadia
- Devendra Sayani
List of Related Parties (Key Managerial Personnel)
- Chetankumar Timbadia
- Devendra Sayani
- Piyush Shah
- Nikita Shukla
Interest in promotion of the Company
Some of our Promoters are interested in our Company to the extent of the promotion of our Company and to the extent of their shareholdings and directorships in our Company and the shareholding of their relatives in our Company and the dividend declared and due, if any, and employment-related benefits paid by our Company.
Property Interest
None of our Promoters and members of Promoter Group do not have any interest in any property acquired by or proposed to be acquired by our Company during a period of three years prior to the filing of the Draft Prospectus.
Interest in Intellectual Rights of the Company
As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.
DC Infotech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Issue of Equity Shares by our Company | Up to 24,00,000 Equity Shares of face value of Rs.10 each fully paid-up for cash at price of Rs. 45 per Equity Share aggregating to Rs. 1,080 Lakhs |
| Of which: | |
| Market Maker Reservation Portion | 1,26,000 Equity Shares, aggregating to Rs.56.70 Lakhs |
| Net Issue to the Public | 22,74,000 Equity Shares , Rs. 1,023.30 Lakhs |
| Of which: | |
| (A) Retail Portion | 11,37,000Equity Shares |
| (B) Non – Institutional Portion | 11,37,000 Equity Shares |
| Pre-and Post-Issue Equity Shares | |
| Equity Shares outstanding prior to the Issue | 36,00,000 Equity Shares of face value of Rs. 10 each |
| Equity Shares outstanding after the Issue | 60,00,000 Equity Shares |
DC Infotech IPO Issue Object
These are the IPO Issue Objects of the company
- Meeting incremental working capital requirements; and
- General corporate purposes
DC Infotech IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Logistics capabilities
- Widespread geographical reach
- An Information Technology distributor with a Customer Support base
- Long term vendor/client relationships
- Comprehensive range of product offering
- Robust IT infrastructure and sophisticated Management Information Systems (MIS)
- Credit control and prudent risk management practices
- Brand Image
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW | NAV (Rs.) | |
| 31-Mar-17 | 2.51 | 8.33% | – |
| 31-Mar-18 | 3.61 | 11.27% | – |
| 31-Mar-19 | 3.72 | 8.56% | [●] |
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
| Particulars | P/E ratio |
| Highest | 27.36 |
| Average | 7.36 |
| Lowest | 17.36 |
- Competitive Peers:
| Companies | EPS | PE Ratio | RONW (%) | NAV (Per Share) | Face Value |
| DC Infotech and Communication Limited | 3.72 | [●] | 8.56 | 43.46 | 10.00 |
| Creative Peripherals and Distribution Limited | 9.91 | 7.36 | 0.17 | 22.94 | 10.00 |
| Redington India Limited | 3.84 | 27.36 | 9.49 | 41.22 | 2.00 |
DC Infotech IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED 305, Enterprise Centre, Nehru Road, Vile Parle (East), Mumbai- 400099, Maharashtra, India. Tel No.: +91 81049 85249 Fax No.: 022 2618 6966 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Rinkesh Saraiya SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
DC Infotech IPO Registrar to offer
| Registrar to the Offer |
| SATELLITE CORPORATE SERVICES PRIVATE LIMITED Unit No. 49, Building No. 13 A-B, 2nd Floor, Samhita Commercial Co-op Society Ltd, Off Andheri Kurla Road, MTNL Lane, Sakinaka, Mumbai-400072, Maharashtra, India. Tel No.: +91 22 28520461/462 E-mail: service@satellitecorporate.com Website: www.satellitecorporate.com Contact Person: Michael Monteiro SEBI Registration Number: INR00003639 Investor Grievance E-mail: sme.ipo@satellitecorporate.com |
DC Infotech IPO Other Details:
- Statutory Auditor – M/s Doshi Maru & Associates., Chartered Accountants (Firm Registration No. 0112187W)
- Peer Review Auditor – Doshi Maru & Associates
- Bankers to the Company – [●]
DC Infotech IPO Grey Market Premium
The DC Infotech IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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