Electronic sub-systems maker DCX files draft papers for Rs.600-Cr IPO

DCX Systems, a manufacturer of electronic sub-systems and cable harnesses, has filed preliminary papers with capital markets regulator Sebi to raise INR 600 crore through an initial public offering (IPO). The public issue comprises fresh issue of equity shares, aggregating INR 500 crore, and an offer for sale of equity shares to the tune of INR 100 crore by promoters -- NCBG Holdings Inc and VNG Technology. Besides, the company may explore pre-IPO placement, aggregating INR 50 crore.