The Rs 500 crore initial public offering (IPO) by DCX Systems kicked off for subscription on Monday.
It has a manufacturing facility in Bengaluru, Karnataka.
Sushil Finance said the asking price is at a PE of around 72 times, If one annualises Q1FY23 earnings.
DCX Systems proposes to utilise the net proceeds from fresh issue towards repayment certain borrowings (Rs 110 crore).
"To enhance its global presence, the company continues to strengthen its international operations in Israel, the United States and Korea and also aims to expand its global footprint to Europe.
The shift from passive to active radar solutions will also provide numerous opportunities for the company," said BP Equities which has a 'subscribe' rating on the issue with 'listing gains.'
Source: BusinessToday
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