DC Infotech and Communication 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 strategies and different products. DC Infotech supplies IT products such as networking, security, firewalls, desktop virtualization, broadband, surveillance, wireless, digital signage, power solutions and others like cloud security, digital performance, network performance, and enterprise security.
| Bidding Dates |
|---|
| 12 Dec 2019 - 18 Dec 2019 |
| Subscription |
|---|
| 1.56x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 3000 | 2.4 M | ₹45 | 60 % | ₹108.0 M | RHP DOC |
DC Infotech and Comms IPO SUBSCRIPTION STATUS
18 Dec '19DC Infotech and Comms IPO overall subscription rate was 1.56 times the total available shares
DC Infotech and Comms IPO retail subscription rate was 1.76 times in the retail segment
DC Infotech and Comms IPO non-institutional investor subscription rate was 1.39 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Dec 2019 (Day 5) | 1.76x | 1.39x | - |
13 Dec 2019 (Day 2) | 0.25x | 0.48x | - |
16 Dec 2019 (Day 3) | 0.47x | 0.49x | - |
17 Dec 2019 (Day 4) | 0.86x | 1.36x | - |
12 Dec 2019 (Day 1) | 0.09x | 0x | - |
DC Infotech and Comms FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 3MFY20 | 9.1 | 367.5 | -5.1 | -5.3 |
| FY19 | 13.4 | 1,140.2 | 24.8 | 24.2 |
| FY18 | 13.0 | 975.0 | 9.0 | -2.2 |
| FY17 | 9.0 | 1,085.7 | -36.0 | -36.4 |
DC Infotech and Comms IPO SUBSCRIPTION STATUS DETAILS
DC Infotech and Comms had 2.4 M shares on offer
DC Infotech and Comms IPO offer price was ₹45
DC Infotech and Comms IPO minimum Investment was ₹135000
DC Infotech and Comms IPO issue size was ₹ 108.0 M
DC Infotech and Comms had a minimum lot size of 3000 Shares per application
DC Infotech and Comms NUMBER OF SHARES ON OFFER
DC Infotech and Comms IPO IMPORTANT DATES
| Issue Open Date | 12 Dec 2019 |
| Issue close Date | 18 Dec 2019 |
| Allotment Date | 20 Dec 2019 |
| Refund Date | 23 Dec 2019 |
| Demat Account Credit Date | 26 Dec 2019 |
| Listing Date | 27 Dec 2019 |
| Listing on Exchange(s) | NSE |
| DC Infotech and Comms Allotment Status | Exchange |
DC Infotech and Comms IPO subscription opened on 12 Dec 2019, and closed on 18 Dec 2019
IPO allotment for DC Infotech and Comms was finalized on Friday, 20 Dec 2019
IPO listing for DC Infotech and Comms was on NSE on Friday, 27 Dec 2019
DC Infotech and Comms IPO LISTING GAINS
| Issue Price (adjusted) | 45.0 |
| Listing Open Price | 45.5 |
| Listing Close Price | 45.2 |
| Listing Gain% | 1.1% |
| Current Gain% | 686.7% |
DC Infotech and Comms Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DC Infotech and Communication Ltd. | 354 | 212.4 | 23.5 | 0.5 | 0.7 | 19.8 | 5.7 | 738.4 | 32.5 | 21.3 | 47.1 | 15 | 47.1 |
| Aditya Infotech Ltd. | 3779.7 | 44544 | 121.1 | 25.6 | 10.6 | 19.6 | 9.2 | 4233.7 | 35.6 | 368 | 4.7 | 31.2 | 4.7 |
| Nelco Ltd. | 987.7 | 2253.8 | 583.9 | -13.6 | 7.2 | 2.6 | 1 | 311 | 0.3 | 3.3 | -65.2 | 1.7 | -43 |
| D-Link (India) Ltd. | 437.4 | 1553 | 14.5 | 6.7 | 0.9 | 20.6 | 12.8 | 1582.3 | 12.7 | 104.1 | -0.2 | 30.2 | 2.2 |
| Smartlink Holdings Ltd. | 219.2 | 218.7 | 13.2 | 0.2 | 0.7 | 6.3 | 4.4 | 279.9 | 23.6 | 13.1 | 99 | 16.6 | 79.7 |
| VCU Data Management Ltd. | 7.5 | 11.6 | 191.2 | -8.8 | 0.2 | 0.2 | 0.3 | -80.7 | 0.1 | -20.7 | 0 | -21.8 |
DC Infotech and Comms INFORMATION ON IPO ISSUE
About DC Infotech and Comms
DC Infotech and Communication 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 strategies and different products. DC Infotech supplies IT products such as networking, security, firewalls, desktop virtualization, broadband, surveillance, wireless, digital signage, power solutions and others like cloud security, digital performance, network performance, and enterprise security.
Object of the Issue
- Meeting incremental working capital requirements; and
- General corporate purposes
DC Infotech and Comms - PROMOTERS
| Name |
|---|
| Chetankumar Timbadia |
| Devendra Sayani |
DC Infotech and Comms Lead Manager
Fedex Securities Limited
mb@fedsec.in
DC Infotech and Comms Registrar to the Offer
Satellite Corporate Services Private Limited
service@satellitecorporate.com
DC Infotech and Comms Strengths
Logistics capabilities
Having 8 Warehouses spread across states in India ensures easy accessibility of the products to the customers and higher penetration in the market. The company's robust IT infrastructure enables it to manage huge networks in a time and cost-efficient manner
Comprehensive range of product offering
The company offers the entire range of networking, storage, kvm solutions and security products offered by multiple vendors. In addition to the above, we also supply Digital Signage products
DC Infotech and Comms Risks
Outstanding litigations
The Company, Promoters, Directors and Group Companies are involved in certain legal proceedings at different levels of adjudication before various courts, tribunals and appellate authorities
Required to obtain and renew certain registrations, licenses and permits
The business requires to obtain and renew certain registrations, licenses and permits from government and regulatory authorities
IPO FAQs
The promoters of the company are Chetankumar Timbadia and Devendra Sayani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 45.0 - 45.0.
The IPO application opens on Dec 12, 2019 and closes on Dec 18, 2019.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Dec 20, 2019.
The refund will be credited to your account on Dec 23, 2019.
The allotted shares will be credited to your demat on Dec 26, 2019.
DC Infotech and Communication Ltd.’s shares listed on the stock exchanges on Dec 27, 2019.