The DCG Cables date has been confirmed from April 8, 2024 and closes on April 10, 2024. Read the post to learn about DCG Wires and Cables IPO GMP.
DCG Cables IPO is a fixed price issue of Rs 49.99 crores. The 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.
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Key Details Of DCG Wires and Cables IPO
Bidding Dates
April 8-10
Price Range
₹100 per share
Face Value
₹10 per share
GMP
₹0
DCG Cables IPO GMP
The DCG Cables IPO GMP is ₹0.
DCG Cables IPO Overview
DCG Wires And Cables IPO has a fixed price of Rs 49.99 crore. The offering is wholly new, totaling 49.99 lakh shares. The DCG Wires And Cables IPO will be open for subscriptions on April 8, 2024 and close on April 10, 2024. The allotment for the DCG Wires And Cables IPO is expected to be completed on Friday, April 12, 2024. DCG Wires And Cables IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 16, 2024.
DCG Wires And Cables’ IPO price is ₹100 per share. The minimum lot size for an application is 1200 shares. Retail investors demand a minimum investment of ₹120,000. The minimum investment for HNI is 2 lots (2,400 shares) worth ₹240,000.
DCG Cables IPO Details
| IPO Date | April 8, 2024 to April 10, 2024 |
| Listing Date | [.] |
| 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 |
DCG Cables Limited Financial Information
| 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 | ||||
DCG Cables 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 |
Company Profile
DCG Cables And lines Limited, established in 2017, manufactures bobby
lines and cables for motor makers in India. Bobby Strips, Paper Covered Copper Strips in blockish and round forms, colorful paper- covered bobby
operators and connecting lines, Cables( kraft/ waffle/ nomex/ mica), Bare Bobby Cables and Strips, Bobby videotapes and Fibre Glass Bobby are among the company’s immolations. The company has three manufacturing installations in Odhav, Ahmedabad, Kubadthal, Ahmedabad, and Waghodia, Vadodara, with a total capacity of
5,868 MT for bare bobby line and strip, 1,404 MT for paper carpeted bobby strips and cables, 1,512 MT for string cables, 5,760 MT for bobby rods, 10,080 MT for flat bobby cables, 972 MT for submersible cables, and 540 MT for glass fibre carpeted bobby strips. As of February 29, 2024, the company employed roughly 69 workers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | DCG Wires And Cables Limited |
| Phone number | +91 7861804932 |
| Email ID | [email protected] |
| Website | dcgcableswiresltd.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
DCG Cables IPO FAQs
When DCG Wires And Cables IPO will open?
The DCG Wires And Cables IPO opens on April 8, 2024 and closes on April 10, 2024.
What is the lot size of DCG Wires And Cables IPO?
DCG Wires And Cables IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
When is DCG Wires And Cables IPO allotment?
The finalization of Basis of Allotment for DCG Wires And Cables 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.
When is DCG Wires And Cables IPO listing date?
The DCG Wires And Cables IPO listing date is not yet announced. The tentative date of DCG Wires And Cables IPO listing is Tuesday, April 16, 2024.
