DCG Wires And Cables is scheduled to hit the market on April 8, 2024 and close on April 10, 2024. DCG Wires And Cables plans to raise around ₹49.99 Cr through an IPO with a sale of up to 4,999,200 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
DCG Wires And Cables, established in 2017, specializes in the production of copper cables and wires tailored for transformer manufacturers across India. Their diverse product range encompasses Copper Strips, Paper Covered Copper Strips available in rectangular and round configurations, various paper-covered copper conductors and connection cables, as well as Wires coated with kraft, crepe, nomex, or mica. Additionally, the company offers Bare Copper Wires and Strips, Copper Tapes, and Fiber Glass Copper to cater to the specific needs of their clientele.
With manufacturing facilities situated in Odhav and Kubadthal in Ahmedabad, and Waghodia in Vadodara, DCG Wires And Cables Limited boasts a combined production 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, the company had a workforce of approximately 69 employees dedicated to ensuring the high-quality production and delivery of their specialized copper products.
DCG Wires And Cables IPO Details
DCG Wires And Cables IPO opens on April 08, 2024, and closes on April 10, 2024. The Listing date for DCG Wires And Cables IPO is on April 16, 2024. The price band for IPO is ₹100 per share and lot size of 1200 Shares.
| IPO Date | April 08, 2024 to April 10, 2024 |
| Listing Date | April 16, 2024 |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹49.99 Cr |
| Face Value | ₹10 per share |
DCG Wires And Cables IPO Tentative Timetable
DCG Wires And Cables opening date is April 08, 2024 and close date is April 10, 2024. The IPO allotment date is April 12, 2024. The refund initiation of IPO is on April 15, 2024. The credit of shares in demat account is on April 15, 2024. The listing date is on April 16, 2024.
| Event | Date |
|---|---|
| IPO Opening | April 08, 2024 |
| IPO Closing | April 10, 2024 |
| IPO Allotment Date | April 12, 2024 |
| Refund Initiation | April 15, 2024 |
| Shares Credit to Demat | April 15, 2024 |
| Lisiting Date | April 16, 2024 |
DCG Wires And Cables IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹120,000 |
| Retail(Maximum) | 1 | 1200 | ₹120,000 |
| HNI (Minimum) | 2 | 2400 | ₹240,000 |
DCG Wires And Cables IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.45% |
DCG Wires And Cables IPO Review
DCG Wires And Cables Limited, a company specializing in manufacturing copper cables and wires for transformer manufacturers in India, recently launched its IPO with a market capitalization of Rs 181.5 Cr. As of February 29, 2024, the company's key performance indicators showcase impressive figures, including a Return on Equity (ROE) of 35.92%, Return on Capital Employed (ROCE) of 59.10%, and a robust Price-to-Book Value (P/BV) ratio of 5.57. These numbers reflect the company's strong financial standing and potential for growth in the market.
In terms of financial performance, DCG Wires And Cables Limited has shown consistent revenue growth over the years, with the latest figures indicating revenue of Rs 7,639.08 Lakhs as of February 29, 2024. The Profit After Tax (PAT) has also seen a substantial increase, reaching Rs 847.10 Lakhs in the same period. Moreover, the company's Debt/Equity ratio stands at 1.09, indicating a balanced approach towards leveraging. With a focus on capital expenditure, working capital requirements, and general corporate purposes, the company aims to utilize the net proceeds from the IPO effectively for future growth.
Investors looking for a promising opportunity in the manufacturing sector may find DCG Wires And Cables Limited's IPO worth considering. The company's strong financial performance, coupled with its diversified product portfolio and strategic objectives for the IPO proceeds, position it well for long-term success in the industry. With a post-issue Earnings Per Share (EPS) of Rs 5.09 and a comparatively attractive Price-to-Earnings (P/E) ratio of 19.64, DCG Wires And Cables Limited presents itself as a compelling investment option with potential for significant returns in the future.
DCG Wires And Cables IPO Subscription Status (Bidding Details)
Table not foundDCG Wires And Cables IPO Broker Recommendations
- Capital Market: To be updated soon
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- Arihant Capital: To be updated soon
DCG Wires And Cables IPO FAQs
What is DCG Wires And Cables IPO?
DCG Wires And Cables is issuing 4,999,200 equity shares with a face value of ₹10 each, totaling up to ₹49.99 Cr. The shares are being offered at a price of ₹100 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When DCG Wires And Cables IPO will open?
DCG Wires And Cables will open on April 08, 2024 for QIB, NII, and Retail Investors.
When DCG Wires And Cables IPO will end?
DCG Wires And Cables will end on April 10, 2024.
What is DCG Wires And Cables IPO Size?
DCG Wires And Cables IPO size is ₹49.99 Cr.
What is DCG Wires And Cables IPO Price Band?
DCG Wires And Cables price band is ₹100 per share.
What is the DCG Wires And Cables IPO Allotment Date?
DCG Wires And Cables allotment date is April 12, 2024.
What is the DCG Wires And Cables IPO Listing Date?
DCG Wires And Cables listing date is April 16, 2024. The IPO is to be listed on BSE and NSE.
How to DCG Wires And Cables IPO through Zerodha?
To apply for the IPO “DCG Wires And Cables” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply DCG Wires And Cables IPO through Upstox?
To apply for the IPO “DCG Wires And Cables” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check DCG Wires And Cables IPO Allotment Status?
For DCG Wires And Cables IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is DCG Wires And Cables IPO GMP?
You can check out here: DCG Wires And Cables IPO GMP