DCG Cables & Wires Limited IPO Message Board (Page 2)

0/2- Teerth gopicon
0/2- DCG
Congratulations to the allottees

Again no allotment from bigscam. Applied 1 lot retail.

Total 3 lot allotted. At present all cables stocks are doing well. The small cable companies like Jigar Cable, Dynamic cable & other companies are doing well. So quiet confident about listing and sure that negative listing may not be there. Hope so. Let's see.

Allotment was out. Got one lot in 10 lot HNI application. Not sure of good listing. I will be happy if Discount listing is not there. Majority of SME IPOs are getting listed in discount recently, viz., AVP Infracon, Vishwas Agri, Aluwind.

Allotment is out. Got 1 lot. Any idea on the latest GMP? It shows 5/- in Chittorgarh. Any suggestions to hold or sell please?

applied 3 applications of 12 lot each.... can i expect 1 lot confirm in all 3 applications.

Not definitely as allotment is by lottery in case of over subscription. Hope for the best.

2 retail applications 1+1 Lots

I applied in Teerth Gopicon with One Application of 30 lots and 12 retail applications.
Hope for the best now 🤞

​@Sumya How many allotments in Teerth, hoping you got handsome allotments.

Both correct messages.

Chor LM
Applying for small listing gain.

Means no chance of negative listing.

​@BLUE WHALE Need your view on it as u said won't list in discount?? Please share the logic behind it

​@CHATURBANIYA what is your outlook on RBZ jewellers. You were bullish on this during IPO. It is at 52 week low and at 200 day DMA

The IPO track record of Interactive Financial Services Ltd (Lead Manager / LM) is NOT encouraging from a listing gains perspective.

Most of their IPOs have opened at loss from issue price - pl see attached list https://www.chittorgarh.com/report/ipo-lead-manager-vs-listing-gain/99/188/

Further, I’m not convinced about the basic fundamentals of this company as per Red Herring Prospectus disclosures;

1. From nominal profit growth over the years, it has suddenly magnified more than 800% in current 11 months till Feb 24, without corresponding revenue growth & doubling of borrowings with higher finance costs!!

2. None of the factory premises are owned by the company. All are leased & if landlord cancels the lease, god knows where this company will shift its manufacturing!!!

3. Company has historical record of non compliance with GST, PF, ESIC payments on time.

4. One of the Non-Executive Directors has no prior experience before appointed to this company!!!

…. etc etc

The above, coupled with poor LM track record, makes me abstain from applying.

The IPO is oversubscribed and may still
list at gains so others may kindly go ahead as per their own preference and risk tolerance.

I have only shared my views that are personal to me 🤗

Nice analysis. Thanks for your input.

Thanks @ARB 🤗

DCG Cables & Wires IPO,
FF skipped

cancel your mandate and save your money

Thank you

Skipped....

Avoiding.

Must apply for listing gains
Prem 14

​@sang Any info on this counter at your end?

​@lokes are u applying here open ?? or teerth gopicon ?

Skipping this…

Applying for small listing gain.

​@BLUE WHALE From "Chor LM to Small Lisitng Gains", what provoked the turnaround?

Chor LM

Doesn't seem to be a worthy IPO . LM record is also not very encouraging . Why Davda ji has given "Apply" rating is perplexing . Are we missing something which he has noticed ? All your views are welcome. Thanks.

Read dilip dadva review in details. You will get all answers.

Well , it is always safe than be sorry . At least in this case it seems right . I had my apprehensions inspite of the apply rating . So refrained from going ahead with my applications. One may prove to be wrong also but own due diligence is a must.