DC Infotech IPO description – DC Infotech is an IT solution distribution house in India having commenced its operations with reselling and redistribution of IT hardware products like Cabinets, motherboard, etc. Engaged in distribution business, the company has partnered with a number of networking and security brands for distribution in the country. It follows a broad-based distribution model based on multiple products and multiple brand strategy.
Currently, the company operates 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. It acts as the link between the IT manufacturers / developers and end users and other resellers. It follows B2B and B2C business model to provide complete Information Technology solutions and support to its channel partners.
It operates through 2 offices and 8 warehouses, including registered office situated in Mumbai, Maharashtra and a central warehouse at Bhiwandi, Maharashtra. It has relationships with around 10 vendors, many of which have been associated with the company for more than 10 years. Some of the vendors include respected brands like NetGear, Samsung, D-Link, ZSCaler, Netscout etc.
DC Infotech promoters – Chetankumar Timbadia and Devendra Sayani
| DC Infotech – Upcoming IPO details | |
| Subscription Dates | 12 – 18 December 2019 |
| IPO Price band | INR45 per share |
| Fresh issue | 2,400,000 shares (INR10.8 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,400,000 shares (INR10.8 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge platform |
Use of funds
- Incremental Working Capital – INR7.65 crore
- General Corporate Purpose – INR2.65 crore
- Issue Expenses – INR0.50 crore
DC Infotech’s financial performance (in INR crore) | |||||
| FY2017 | FY2018 | Up to 18 Feb 2019 | 19 Feb-31 Mar 2019 | Q1 FY2020 | |
| Total revenue | 108.8 | 97.6 | 98.8 | 15.2 | 36.5 |
| Total expenses | 107.5 | 95.8 | 97.8 | 14.1 | 35.8 |
| Profit after tax | 0.90 | 1.30 | 0.52 | 0.82 | 0.91 |
DC Infotech Contact Detail
DC Infotech and Communication Limited
Unit No. 2, Aristocrate, Ground Floor
Lajya Compound, Mogra Road
Andheri (East), Mumbai 400069 Phone: +91 022 28329000
Email: [email protected]
Website: www.dcinfotech.com
DC Infotech IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.04 |
| Day 2 | 0.37 |
| Day 3 | 0.48 |
| Day 4 | 1.12 |
| Day 5 | 1.56 |
DC Infotech Valuation (For FY2019)
Earnings Per Share (EPS): INR3.72
Price/Earnings (P/E) ratio: 12.10
Return on Net Worth (RONW): 8.56%
Net Asset Value (NAV): INR14.28 per share (as of 30 June 2019)
Registrar of DC Infotech IPO
Satellite Corporate Services Pvt Ltd
B-302, Sony Apartment, 90 feet road,
Jarimari, Sakinaka, Mumbai – 400 072
Maharashtra, India Phone: +91 22 2852 0461
Fax: +91 22 2851 1809
Email: [email protected]
Website: www.satellitecorporate.com
DC Infotech IPO Allotment Status
DC Infotech IPO allotment status is now available on Satellite Corporate Services’ website. Click on this link to get allotment status.
Listing performance of DC Infotech
IPO Opening Date: 12 December 2019
IPO Closing Date: 18 December 2019
Listing Date: 27 December 2019
Listing Price on NSE SME: INR45.5 per share (up 1.11% from IPO price)
Closing Price on NSE SME: To be updated