The IPO Buzz: Doncasters – DPC Holdings (DPC) Upsizes IPO & Prices it at $33 – $1 Above Range

Doncasters Group – DPC Holdings Limited (DPC) upsized its IPO at pricing and priced the deal at $33.00 – $1.00 above the top of its range – to raise $919.38 million on Wednesday night, June 24, 2026. At pricing, Doncasters – DPC Holdings Limited (DPC) increased its IPO’s size to 27.86 million shares- up from 23.33 million shares in the prospectus. Doncasters – DPC Holdings had marketed its IPO at a $28.00-to-$32.00 price range.

Shares of Doncasters Group – DPC Holdings Limited (DPC) are set to start trading today – Thursday, June 25, 2026 – on the New York Stock Exchange.

Jefferies and Morgan Stanley led the joint book-runners’ team. Barclays and Moelis & Co. were joint book-runners. RBC Capital Markets and Rothschild were book-runners.

The U.K.-based company manufactures complex precision parts – known as “can’t fail” parts – used in engines in the aerospace and industrial gas turbine (IGT) markets. Doncasters Group also makes nickel-based and cobalt-based superalloys for those parts, which include turbine blades, vanes, structural castings and turbocharger wheels. 

The company is based in Derby, England. Doncasters Group runs 14 manufacturing plants – with facilities in the U.K., Europe, the U.S. and Mexico.

“We make parts for the hot zones of engines,” CEO Mike Quinn said in his presentation during Doncasters’ Retail RoadShow.

At pricing,  Doncasters – DPC Holdings Limited’s IPO had a market cap of $4.8 billion.

In conjunction with the IPO, Doncasters Group – DPC Holdings Limited conducted two private placements. – one for $66 million from certain existing shareholders and one for $75 million from the Qatar Investment Authority (QIA).

Raising Money to Pay Off Debt

Doncasters – DPC Holdings Limited intends to use the proceeds from the IPO and the private placements to pay off some debt, with $154 million earmarked to pay off the remaining Shareholder PIK loan, including interest, according to the prospectus.

As of March 29, 2026, Doncasters had about $712 million in outstanding debt, the prospectus said.

“Nearly 250 Years of History”

The engine parts company traces its history back to 1778 when it was founded by Daniel Doncaster in Sheffield, which is about 167 miles northwest of London. (There’s no mention, of course, of what happened in 1776.)

“We have nearly 250 years of history,” Doncasters said in the prospectus. “We began as a file-making business and, over time, expanded into steel converting (and) forging.”

Doncasters – DPC Holdings’ customers include GE Aerospace, Honeywell, Pratt & Whitney, Rolls-Royce and Siemens Energy, according to the prospectus.

As of March 29, 2026, Doncasters’ order backlog was $930 million, which covered more than 12 months of production of Aerospace and IGT castings, the prospectus said.

Doncasters – DPC Holdings Limited is not profitable, according to financial statements in the prospectus: It had a net loss of $167.0 million on revenue of $886 million for the 12 months that ended March 31, 2026.

(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)

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Source: https://www.iposcoop.com/the-ipo-buzz-doncasters-dpc-holdings-dpc-upsizes-ipo-prices-it-at-33-1-above-range/