Here’s all you need to know about upcoming IPOs:

DCX Systems

The ₹500 crore IPO of DCX Systems will open for public subscription on October 31, 2022. The three-day public offer, which is a mix of fresh equity shares and an OFS by existing shareholders, will close on November 2, while shares of the homegrown defense sector company are likely to list on the BSE and the NSE on November 11. The Bengaluru-based company plans to raise ₹400 crore via fresh issuing of equity shares of the face value of ₹2 each, as against ₹500 crore proposed earlier. Besides, it will garner up to ₹100 crore through OFS as promoters - NCBG Holdings Inc and VNG Technology – would trim their shareholding in the company.

The price band of the offer has been fixed at ₹197 to ₹207 per equity share of face value of ₹2 each. To subscribe, investors can make a minimum bid of 72 equity shares and in multiples of 72 equity shares thereafter.

The company intends to use IPO proceeds from fresh issue for repayment of loans, funding working capital requirements, and investment in its wholly owned subsidiary, Raneal Advanced Systems Private. The capital will be also used to fund its capital expenditure expenses and meet general corporate purposes.

Ahead of the IPO, the Bengaluru-based company has raised ₹225 crore from anchor investors. The company has allotted 1,08,69,564 equity shares at ₹207 apiece to 12 anchor investors including BNP Paribas, Volrado Ventures, Theleme, HDFC Large & MidCap, Motilal Oswal MF, Quantum, Resonance, Cohesion, etc.

Fusion MicroFinance

The New Delhi-headquartered microfinance company plans to raise ₹1,104 crore via IPO, which comprises fresh issue of equity shares worth up to ₹ 600 crore and OFS of up to 13,695,466 equity shares. The offer will open on November 2 and close on November 4, 2022. The anchor investor bidding Date is November 1.

The price band of the offer has been fixed at ₹350 to ₹368 per equity share of face value of ₹10 each. Bids can be made for a minimum of 40 equity shares and in multiples of 40 stocks thereafter.

The offer comprises an offer for sale of up to 6.5 lakh equity shares by Devesh Sachdev (founder and chairman of the MFI); up to 1 lakh equity shares by Mini Sachdev (wife of Devesh Sachdev), and up to 14 lakh equity shares each by Honey Rose Investment and Creation Investments Fusion, LLC, owned by Warburg Pincus. Besides, the Dutch impact investor Oikocredit Ecumenical Development Co-operative Society, and Global Financial Inclusion Fund will also pare their stake in the company via OFS.

Backed by global private equity major Warburg Pincus, Fusion is one of the youngest companies (in terms of getting an NBFC-MFI license) among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022, according to CRISIL. It has a significant footprint across India with 2.90 million active borrowers, 966 branches, and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022.

Fusion MicroFinance

Four IPOs worth ₹4,500 cr open this week; check details