IPO Issue Details
Issue Price / Price Band₹45 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size24,00,000 shares (aggregating up to ₹10.80 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 12 Dec 2019
Subscription CloseWed, 18 Dec 2019
Anchor AllotmentWed, 11 Dec 2019
Basis of AllotmentTue, 24 Dec 2019
Initiation of RefundsWed, 25 Dec 2019
Credit of Shares to DematWed, 25 Dec 2019
Listing DateFri, 27 Dec 2019
UPI Mandate Deadline2019-12-18
Application & Investment Details
Retail — Min (1 Lots)₹1,35,000 — 3,000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)₹2,70,000 — 6,000 shares
P/E Ratio (Pre-IPO)7.4x
Net Offer to Public22,74,000 shares (aggregating up to ₹10.23 Cr)
Reserved for Market Maker1,26,000 shares (aggregating up to ₹0.5670 Cr)
Pre-IPO Promoter Holding36,00,000 shares
Post-IPO Promoter Holding60,00,000 shares
About DC Infotech & Communication Ltd.
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:NetgearZscalerD-LinkSamsungAtenAvnetNetscoutRiverbedDelta Power SolutionsSonicwallNcomputing Competitive Strengths: 1. End-to-end services2. PAN India reach3. Logistics capabilities4. Long term vendors5. Wide product range
Objects of the Issue
DC Infotech & Communication Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Meeting incremental working capital requirements
7.65
2
2 General corporate purposes
2.65
Shareholding & Lock-in
Pre-IPO Promoter Holding
36,00,000 shares
Post-IPO Promoter Holding
60,00,000 shares