DC Infotech SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 12 Dec 2019 – 18 Dec 2019
- Listing date
- 27 Dec 2019
- Face value
- ₹10 per share
- Issue price
- ₹45 per share
- Lot size
- 3,000 shares
- Total issue size
- ₹10.80 Cr
- Market cap at offer price
- ₹27 Cr
- Promoter holding
- 100.00% → 60.00% pre-issue → post-issue
- ISIN
- INE0A1101019
- Registrar
- Satellite Corporate Services Pvt.Ltd.
- Lead managers
- Fedex Securities Pvt.Ltd.
- Registered office
- Unit No. 2, Aristocrate, Ground Floor,, Lajya Compound,, Mogra Road, Andheri (East),, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 1,26,000 | — | — |
Application size
Minimum 3,000 shares per lot, in multiples, at ₹45
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,35,000 |
| S-HNI (min) | 2 | 6,000 | ₹2,70,000 |
| S-HNI (max) | 7 | 21,000 | ₹9,45,000 |
| B-HNI (min) | 8 | 24,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹27 Cr |
About DC Infotech SME
DC Infotech and Communication Limited traces its origins to 'DC Infotech', a Mumbai partnership firm formed on April 01, 1998 between Chetankumar Timbadia and Devendra Sayani, which began with assembling, trading and servicing of electronic items, computers and computer peripherals, and commenced operations with reselling and redistribution of IT hardware products like cabinets and motherboards. The firm was converted into a public limited company on January 15, 2019 under Part I of Chapter XXI of the Companies Act, 2013 (CIN U74999MH2019PLC319622) and commenced business on February 18, 2019. Today it is an IT solutions distribution house operating PAN-India through a dealer network of around 1,600 dealers/channel partners, 2 offices and 8 warehouses (including a central warehouse at Bhiwandi, Maharashtra) and sales representatives in Delhi, Kolkata, Bangalore, Chandigarh, Indore, Pune, Rajkot and Surat, distributing products of vendors such as NetGear, Samsung, D-Link, Zscaler, NetScout, ATEN, Avnet, Riverbed, Delta Power Solutions, SonicWall and NComputing across networking/storage/KVM, surveillance, digital signage, firewalls/cyber security, desktop virtualization and data-centre/UPS power solutions. The Company does not manufacture any products; it earns money on a principal-to-principal basis, buying stock-in-trade in bulk from OEMs/vendors (largely through imports or high-seas purchases) and down-selling to resellers, sub-distributors, system integrators, retailers and corporates in a high-volume, low-margin B2B and B2C model. Sale of IT products contributed 99.74%-99.97% of total income across recent periods (total income of Rs 10,878.78 lakhs in FY2017, Rs 9,756.24 lakhs in FY2018, Rs 9,883.42 lakhs for April 2018-February 18, 2019 plus Rs 1,523.49 lakhs for February 19-March 31, 2019, and Rs 3,684.56 lakhs for April-June 2019 with PAT of Rs 90.52 lakhs). The Company had 49 employees on its payroll as of May 31, 2019.
Company Analysis
from RHPDC Infotech and Communication Limited is a Mumbai-based IT solutions distribution house engaged in value-added distribution of information technology products spanning networking, security and surveillance, wireless, broadband, digital signage, firewalls, desktop virtualization and power solutions across India.
DC Infotech and Communication Limited traces its origins to 'DC Infotech', a Mumbai partnership firm formed on April 01, 1998 between Chetankumar Timbadia and Devendra Sayani, which began with assembling, trading and servicing of electronic items, computers and computer peripherals, and commenced operations with reselling and redistribution of IT hardware products like cabinets and motherboards. The firm was converted into a public limited company on January 15, 2019 under Part I of Chapter XXI of the Companies Act, 2013 (CIN U74999MH2019PLC319622) and commenced business on February 18, 2019. Today it is an IT solutions distribution house operating PAN-India through a dealer network of around 1,600 dealers/channel partners, 2 offices and 8 warehouses (including a central warehouse at Bhiwandi, Maharashtra) and sales representatives in Delhi, Kolkata, Bangalore, Chandigarh, Indore, Pune, Rajkot and Surat, distributing products of vendors such as NetGear, Samsung, D-Link, Zscaler, NetScout, ATEN, Avnet, Riverbed, Delta Power Solutions, SonicWall and NComputing across networking/storage/KVM, surveillance, digital signage, firewalls/cyber security, desktop virtualization and data-centre/UPS power solutions. The Company does not manufacture any products; it earns money on a principal-to-principal basis, buying stock-in-trade in bulk from OEMs/vendors (largely through imports or high-seas purchases) and down-selling to resellers, sub-distributors, system integrators, retailers and corporates in a high-volume, low-margin B2B and B2C model. Sale of IT products contributed 99.74%-99.97% of total income across recent periods (total income of Rs 10,878.78 lakhs in FY2017, Rs 9,756.24 lakhs in FY2018, Rs 9,883.42 lakhs for April 2018-February 18, 2019 plus Rs 1,523.49 lakhs for February 19-March 31, 2019, and Rs 3,684.56 lakhs for April-June 2019 with PAT of Rs 90.52 lakhs). The Company had 49 employees on its payroll as of May 31, 2019.
Objects of the Issue
- Meeting incremental working capital requirements Rs 765.00 Lakhs p.68
- General corporate purposes Rs 265.00 Lakhs p.69
Issue Structure
- Total Issue
- Rs 1,080.00 Lakhs (24,00,000 Equity Shares of face value Rs 10 each at Rs 45 per Equity Share)
- Fresh Issue
- Rs 1080.00 Lakhs - the entire issue is a fresh issue of 24,00,000 equity shares by the Company
- Price Band
- Not applicable - Fixed Price Issue at Rs 45.00 per Equity Share (including a premium of Rs 35.00 per Equity Share), i.e., 4.5 times the face value
- Lot Size
- 3,000 Equity Shares
- Face Value
- Rs 10.00 each
Business Model
Purchases IT hardware/software stock-in-trade in bulk from OEMs/vendors on a principal-to-principal basis (importing directly or through high-seas purchases) and resells to a network of around 1,600 dealers/channel partners - corporate resellers, retailers, systems integrators, sub-distributors and corporates - acting as a supply-chain consolidator between OEM/vendor/manufacturer and channel partner/end customer under a B2B & B2C model; revenue comes from the margin on these product sales (revenue from operations was 99.74%-99.97% of total income), supplemented by minor other income such as interest on fixed deposits and discounts.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Chetankumar Timbadia | Promoter | 40.00% | 24.00% |
| Devendra Sayani | Promoter | 35.00% | 21.00% |
| Jayeshkumar Sayani | Promoter Group | 5.00% | 3.00% |
| Yash Sayani | Promoter Group | 5.00% | 3.00% |
| Devansh Sayani | Promoter Group | 5.00% | 3.00% |
| Dhairya Timbadia | Promoter Group | 5.00% | 3.00% |
| Dharmik Timbadia | Promoter Group | 5.00% | 3.00% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.