The upcoming initial public offerings(IPO) are-
DCX Systems Limited-
DCX systems operate its manufacturing facility located at Hi-Tech Defense and Aerospace Park SEZ in Bengaluru, Karnataka, and the facility is spread over an area of 30,000 square feet. The company is among the leading players in the manufacture of electronic sub-systems and cable harnesses. It is engaged in system integration and manufacturing of an array of cables and wire harness assemblies and is also involved in kitting. The company commenced operations in 2011 and is a preferred Indian Offset Partner for foreign equipment manufacturers for executing defense manufacturing projects. The operations of the company come under the following business verticals-
System Integration-
The Company undertakes system integration in areas of radar systems, sensors, electronic warfare, missiles, and communication systems. It provides product assembly and system integration services of various complexities to address customers’ requirements and also repair support for the parts that it manufactures.
Cable and Wire Harness Assemblies-
DCX Systems manufactures a comprehensive array of cables and wire harnesses assemblies such as radio frequency cables, co-axial, mixed-signal, power, and data cables for a variety of uses including communication systems, sensors, surveillance systems, missile systems, military armored vehicles, and other electronic warfare systems for the aerospace and defense industries as per the customers’ requirements.
Kitting-
The company supplies assembly-ready kits of electronic and electro-mechanical parts and undertakes all aspects of procurement including sourcing components from suppliers approved by the customers along with a ‘Certificate of Compliance for traceability, controlled storage of moisture sensitive devices to ensure that customers receive complete, assembly-ready kits when required.
The promoters of the company are Dr. H. S. Raghavendra Rao, NCBG Holdings Inc., and VNG Technology Private Limited. The net proceeds of the issue will be utilized for repayment/prepayment in part or full of borrowings availed by the company, funding the working capital requirements, investment in a wholly owned subsidiary, Renal Advanced Systems Private Limited, and general corporate purposes.
The company had revenues of Rs 309 crore with a profit of 4.5 crores (Year ended March 31, 2019), revenues of Rs. 465.2 crores with a profit of Rs. 9.74 crores (Year ended March 31, 2020), and revenue of Rs. 683.2 crores with a net profit of Rs. 29.55 crores (Year ended March 31, 2021).
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Vital Chemtech Limited-
Vital Chemtech was started in 2013 and is engaged in the business of manufacturing Phosphorus derivative products. The Company is a manufacturer and supplier of Phosphorus base chemicals and is compliant with the highest Environmental, Health, and Safety (EHS) in the chemical industry. It has a state-of-the-art Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) operated in an integrated complex in the PCPIR region of Dahej, Gujarat, India for manufacturing of phosphorus-based chemicals. The manufacturing facility of the company is having integrated facility for the manufacture of phosphorus-based chemicals. The plant is in compliance with ZLD (Zero Liquid Discharge) to ensure minimum emissions and waste generation.
Vital Chemtech manufactures Phosphorus Trichloride (PCl3), Phosphorus Oxychloride (POCl3), Phosphorus Pentachloride (PCl5), Phosphorus Pentoxide (P2O5), Poly Phosphoric Acid (PPA) and Phosphorus Pentasulfide (P2S5) for its customers across segments such as life sciences, crop care, specialty chemicals, textile auxiliaries, dyes, pigments, and plastic additives. The company also trading of its raw materials and is in the process of obtaining approval of Phosphorus Pentasulfide (P2S5) from its customers.
The promoter of the Company is Mr. Vipul Jatashanker Bhatt. The proceeds of the issue will be utilized to meet the working capital requirements and general corporate purposes. Listing would enhance the brand image of the company.
The company had revenues of Rs 41.61 crore with a profit of 1.05 crore (Year ended March 31, 2020), revenues of Rs. 47.68 crore with a profit of Rs. 2.93 crore (Year ended March 31, 2021), and revenue of Rs. 57.86 crores with a net profit of Rs. 6.70 crores (Year ended March 31, 2022).
Technopack Polymers Limited-
Technopack Polymers Limited was founded in 2018 and manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron machines and ACME mold with “TECHNOPET” brand name. The Company also manufactures high-quality CCM CAP.
The major products offered by the company are-
1. PET Preforms-
PET (Polyethylene Terephthalate) is a thermoplastic polymer and is used in synthetic fibers; beverages, food, and other liquid containers; thermoforming applications; and engineering resins often in combination with glass fiber. It is one of the most important raw materials used in man-made fibers. PET perform is a denser version of PET bottle for easy and economic transport. PET performs are blown in customized bottle shapes by the customers according to their requirements.
2. HDPE Cap Closure-
Cap-Closure is made of HDPE plastic granules. The company manufactures CAP-Closure world-class continuous compression molding systems. It has fully automatic machines for the manufacture of PET Preform & Cap Closure at Rajkot, Gujarat.
The promoters of the company are Mr. Kalpesh Ishwarlal Pandya and Mr. Chetankumar Ishwarlal Pandya. The objects of the offer are to raise funds for; part funding to purchase and set up an additional SACMI CCM24S-F plant for the manufacture of HDPE Beverages Closures (Compression molding machine fully equipped with all ancillaries), additional working capital requirement, and general corporate purpose.
The company had revenues of Rs 3.55 crore with a profit of 3.80 lakh (Year ended March 31, 2020), revenues of Rs. 6.15 crore with a profit of Rs. 1.91 lakh (Year ended March 31, 2021), and revenue of Rs. 10.02 crores with a net profit of Rs. 2.10 crore (Year ended March 31, 2022).
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