IPO Details
| IPO Date | April 8, 2024 to April 10, 2024 |
| Listing Date | Tuesday, April 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,999,200 shares |
| (aggregating up to ₹49.99 Cr) | |
| Fresh Issue | 4,999,200 shares |
| (aggregating up to ₹49.99 Cr) | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,31,50,400 |
| Share holding post issue | 1,81,49,600 |
| Market Maker portion | 252,000 shares |
| Minimum Investment | ₹ 120,000 |
| Apply Now | Groww |
| Zerodha | |
| Lead Manager | Interactive Financial Services Ltd |
| Registrar | Bigshare Services Pvt Ltd |
| Market Maker | Nikunj Stock Brokers |
| Docs | RHP |
| DRHP | |
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.45% |
| Anchor Investment | — |
IPO Timeline
| IPO Open Date | Monday, April 8, 2024 |
| IPO Close Date | Wednesday, April 10, 2024 |
| Basis of Allotment | Friday, April 12, 2024 |
| Initiation of Refunds | Monday, April 15, 2024 |
| Credit of Shares to Demat | Monday, April 15, 2024 |
| Listing Date | Tuesday, April 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 10, 2024 |
Subscription Status
On April 10, 2024, at 6:20:33 PM, the DCG Cables & Wires IPO saw a subscription rate of 16.96 times. Within this, the public issue was subscribed 21.70 times in the retail category, times in the QIB category, and 11.53 times in the NII** category.
| Category | Subscription (times) |
| Other | 11.53 |
| Retail | 21.70 |
| Total | 16.96 |
Total Application: 42,926
**Market Maker portion is not included to NII/HNI.
IPO GMP
DCG Cables And Wires made its debut on the stock exchange on April 16, 2024, with the IPO being subscribed 16.96 times. The last GMP for the DCG Cables And Wires IPO was ₹0, as of April 16th, 2024, at 10:24 AM, indicating an expected profit/loss of 0.00%. The issue price of the IPO was ₹100.00, but it listed at a price of ₹90.00, marking a -10.00% decrease from the allotment price. Contrary to expectations, the grey market anticipated an IPO listing price of ₹100, which fell below the GMP price, indicating a negative listing for GMP.
Disclaimer: The GMP prices provided here are purely for informational purposes related to the grey market. We neither engage in nor endorse trading or dealings in the grey market or its rates (sub2). Additionally, we do not recommend participating in grey market trading.
Allotment Status
Allotment status can be checked at: Bigshare Services Pvt Ltd
Listing Details
| Listing Date | April 16, 2024 |
| BSE Script Code | |
| NSE Symbol | DCG |
| ISIN | INE0S8401018 |
| Final Issue Price | ₹100 per share |
Pre-Open Sessions
The Pre-Open Session is a vital phase during the listing day of a company’s shares on the stock exchange, specifically known as the pre-open for IPO or IPO pre-market session.
Listing Day Trading Information
| Price Details | NSE SME |
| Final Issue Price | ₹ 100.00 |
| Open | ₹ 85.35 |
| Low | ₹ 85.30 |
| High | ₹ 93.00 |
| Last Trade | ₹ 91.55 |
About DCG Wires And Cables Limited
DCG Wires And Cables Limited, established in 2017, specializes in the production of copper cables and wires tailored for transformer manufacturers in India.
Their product range encompasses Copper Strips, Paper Covered Copper Strips available in both rectangular and round shapes, various paper-covered copper conductors and connection cables, as well as an array of wires including kraft, crepe, nomex, and mica types. Additionally, they offer Bare Copper Wires and Strips, Copper Tapes, and Fiber Glass Copper.
Operating from three manufacturing facilities located in Odhav and Kubadthal, Ahmedabad, and Waghodia, Vadodara, the company boasts a combined capacity of 5,868 MT for bare copper wire and strip, 1,404 MT for paper-coated copper strips and wires, 1,512 MT for cable wires, 5,760 MT for copper rods, 10,080 MT for flat copper wires, 972 MT for submersible wires, and 540 MT for glass fiber-coated copper strips.
As of February 29, 2024, DCG Wires And Cables Limited had a workforce of approximately 69 employees.
- Parent Organisation: DCG Cables & Wires Ltd
- Founded: 2017
- Managing Director: Mr. Devang Patel
Pros
- Outstanding Product Quality
- Expertise in Customization
- Competitive Pricing
- Established Reputation for Reliability and Consistency
Cons
- The Company had avail dealer finance facility from SG Finserve Limited of Rs 300 lacs and the charge has been created on the current assets of the Company without getting the NOC from the State Bank of India who had sanctioned working capital limit against the current assets of the Company.
- The Company has not applied for the registration under PF and ESIC Act, though the same is applicable since FY 2021-22. Further the Company is irregular in depositing the Provident Fund and ESIC collected from the salary of employees and contribution by company with the respected Authorities as well as filing the return as per Acts.
- The company does not own registered office and its factory premises situated at Odhav, Ahmedabad.
- Its two other factory premises are on rental basis.
Financials
| Amount in ₹ Lakhs | ||||
| Period Ended | 29-Feb-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 6,152.13 | 3,564.12 | ||
| Revenue | 7,639.08 | 5,455.18 | ||
| Profit After Tax | 847.1 | 172.06 | 37.24 | 10.4 |
| Net Worth | 2,367.15 | 1,533.82 | 443.69 | 13.14 |
| Reserves and Surplus | 1,051.78 | 217.99 | ||
| Total Borrowing | 2,569.83 | 1,812.27 | 635.44 | 29.8 |
IPO Objectives
The company intends to allocate the Net Proceeds from the issue for the following purposes:
- Capital Expenditure for constructing buildings,
- Fulfilling working capital needs,
- General Corporate Purposes, and
- Covering Public Issue Expenses.
IPO Lot Size
Investors have the option to bid for a minimum of 1200 shares and in multiples thereof. The table below illustrates the minimum and maximum investment at cut-off price, both in terms of shares and corresponding amounts, for retail investors and High Net Worth Individuals (HNI).
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹ 1,20,000 |
| Retail (Max) | 1 | 1200 | ₹ 1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹ 2,40,000 |
IPO Reservation
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
DCG Wires And Cables Limited Contact Details
DCG Wires And Cables Limited
12, Agrasen Industrial Estate, Chotalal Ni Chali, Odhav Road, Ahmedabad -382415
Phone: +91 7861804932
Email: [email protected]
Website: http://www.dcgcableswiresltd.com/
Apply Now
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Disclaimer: The information provided in this blog is for general informational purposes only and should not be considered as professional advice. We are not registered with the Securities and Exchange Board of India (SEBI), and our content should not be construed as financial recommendations or endorsements. Readers are encouraged to conduct their own research and, if needed, consult with a certified financial advisor before making any investment decisions. We do not assume responsibility for any actions taken based on the information presented in this blog. Thank you for your understanding.
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