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DCG Cables & Wires IPO is a fixed price issue of Rs 49.99 crores. The issue is entirely a fresh issue of 49.99 lakh shares.
DCG Cables & Wires IPO bidding started from April 8, 2024 and ended on April 10, 2024. The allotment for DCG Cables & Wires IPO was finalized on Friday, April 12, 2024. The shares got listed on NSE SME on April 16, 2024.
DCG Cables & Wires IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Interactive Financial Services Ltd is the book running lead manager of the DCG Cables & Wires IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DCG Cables & Wires IPO is Nikunj Stock Brokers.
Refer to DCG Cables & Wires IPO RHP for detailed information.
| IPO Date | April 8, 2024 to April 10, 2024 |
| Listing Date | 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 | 13,150,400 |
| Share holding post issue | 18,149,600 |
| Market Maker portion | 252,000 shares Nikunj Stock Brokers |
DCG Cables & Wires IPO offers 4,999,200 shares. 2,373,600 (47.48%) to NII, 2,373,600 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 252,000 (5.04%) |
| Other Shares Offered | 2,373,600 (47.48%) |
| Retail Shares Offered | 2,373,600 (47.48%) |
| Total Shares Offered | 4,999,200 (100%) |
DCG Cables & Wires IPO opens on April 8, 2024, and closes on April 10, 2024.
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.45% |
DCG Cables & Wires was founded in 2017 and manufactures copper cables and wires for transformer manufacturers in India.
The company's product portfolio includes Copper Strips, Paper Covered Copper Strips in rectangular and round shapes, as well as multiple paper-covered copper conductors and connection cables, and Wires (kraft/crepe/nomex/mica), Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper.
The company has three manufacturing facilities at Odhav, Ahmedabad; Kubadthal, Ahmedabad; and Waghodia, Vadodara with a total 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 on February 29, 2024, the company employed around 69 people.
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,152.13 | 3,564.12 | ||
| Revenue | 7,639.08 | 5,455.18 | ||
| Profit After Tax | 847.10 | 172.06 | 37.24 | 10.40 |
| 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 | 29.80 |
| Amount in ₹ Lakhs | ||||
The market capitalization of DCG Cables & Wires IPO is Rs 181.5 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 35.92% |
| ROCE | 59.10% |
| Debt/Equity | 1.09 |
| RoNW | 35.79% |
| P/BV | 5.57 |
| PAT Margin (%) | 11.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.31 | 5.09 |
| P/E (x) | 76.34 | 19.64 |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing and marketing of copper cables and other related products like fiber glass covered copper products. Higher spending by the Government of India on energy sector augurs well for the company. As informed by the management, its focus on high margin products earned good rewards with quantum jump in the bottom lines and it hopes to continue the same trends going forward. Based on its FY24 super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...
The DCG Cables & Wires IPO is subscribed 16.96 times on April 10, 2024 6:20:33 PM. The public issue subscribed 21.70 times in the retail category, times in the QIB category, and 11.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 11.53 |
| Retail | 21.70 |
| Total | 16.96 |
Total Application : 42,926 (21.70 times)
| Listing Date | April 16, 2024 |
| BSE Script Code | |
| NSE Symbol | DCG |
| ISIN | INE0S8401018 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹85.35 |
| ₹85.30 |
| ₹93.00 |
| ₹91.55 |
DCG Cables & Wires Limited
12, Agrasen Industrial Estate,
Chotalal Ni Chali, Odhav Road,
Ahmedabad -382415
Phone: +91 7861804932
Email: dcgcopperindustries@yahoo.com
Website: http://www.dcgcableswiresltd.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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DCG Cables & Wires IPO is a SME IPO of 4,999,200 equity shares of the face value of ₹10 aggregating up to ₹49.99 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on April 8, 2024, and closes on April 10, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in DCG Cables & Wires IPO using UPI as a payment gateway. Zerodha customers can apply in DCG Cables & Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DCG Cables & Wires IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DCG Cables & Wires IPO opens on April 8, 2024 and closes on April 10, 2024.
DCG Cables & Wires IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in DCG Cables & Wires IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for DCG Cables & Wires IPO will be done on Friday, April 12, 2024, and the allotted shares will be credited to your demat account by Monday, April 15, 2024. Check the DCG Cables & Wires IPO allotment status.
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