DCG Cables & Wires Limited IPO
- IPO Date08 Apr, 2024 to 10 Apr, 2024
- Listing Date16 Apr, 2024
- Face Value₹10 per share
- Issue Price₹100 to ₹100 per share
- Lot Size1200 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size49,99,200 Shares
(aggregating up to ₹49.99 Cr) - Fresh Issue49,99,200 Shares
(aggregating up to ₹49.99 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,31,50,400
- Shareholding post issue1,81,49,600
IPO Dates
Closing Date
10 Apr, 2024
Initiation of Refunds
15 Apr, 2024
Listing Date
16 Apr, 2024
08 Apr, 2024
Opening Date
12 Apr, 2024
Basis of Allotment
15 Apr, 2024
Credit of Shares
DCG Cables & Wires Limited Lot Size
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 |
|---|---|---|---|
| HNI (Min) | 2 | 2400 | ₹2,40,000 |
| Retail (Min) | 1 | 1200 | ₹1,20,000 |
| Retail (Max) | 1 | 1200 | ₹1,20,000 |
DCG Cables & Wires Limited Promoter Holding
Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.45% |
DCG Cables & Wires Limited COMPANY INFORMATION
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 opens for subscription on April 8, 2024 and closes on April 10, 2024. The allotment for the DCG Cables & Wires IPO is expected to be finalized on Friday, April 12, 2024. DCG Cables & Wires IPO will list on NSE SME with tentative listing date fixed as Tuesday, 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.
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.
FAQs About Dcg Cables Wires Limited Ipo
DCG Cables & Wires Limited IPO will open on 08 Apr, 2024 and close on 10 Apr, 2024. Investors must apply within this period to participate.
The DCG Cables & Wires Limited IPO price band is set between ₹100.00 and ₹100.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹120000.00.
The DCG Cables & Wires Limited IPO shares are expected to be listed on 16 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your DCG Cables & Wires Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The DCG Cables & Wires Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.