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D P Wires IPO is a fixed price issue of ₹26.88 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹26.88 crore.
D P Wires IPO bidding started from Sep 21, 2017 and ended on Sep 26, 2017. The shares got listed on NSE SME on Oct 5, 2017.
D P Wires IPO price is ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to D P Wires IPO RHP for detailed Information.
| IPO Date | September 21, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,84,000 shares (aggregating up to ₹26.88 Cr) |
| Reserved for Market Maker | 1,82,400 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹1.37 Cr) |
| Net Offered to Public | 34,01,600 shares (aggregating up to ₹25.51 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 99,84,000 shares |
| Share Holding Post Issue | 1,35,68,000 shares |
D P Wires IPO offers total 35,84,000 shares. Out of which 17,00,800 (47.46%) allocated to NII, 17,00,800 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,82,400 (5.09%) |
| NII (HNI) Shares Offered | 17,00,800 (47.46%) |
| Retail Shares Offered | 17,00,800 (47.46%) |
| Total Shares Offered | 35,84,000 (100.00%) |
D P Wires IPO opens on September 21, 2017, and closes on September 26, 2017.
| IPO Open Date | Thu, Sep 21, 2017 |
| IPO Close Date | Tue, Sep 26, 2017 |
| Tentative Listing Date | Thu, Oct 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 26, 2017 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Incorporated in 1998, D P Wires Ltd is a manufacturer and supplier of steel wires, plastic pipes and plastic films. These products are commonly used in industries like oil & gas, power, environment, civil, energy, automobile, infrastructure etc.
D P Wires manufacturing facilities are located at Ratlam, MP for both wires and plastic products.
The plastic products produced by the company are used in Lining of Canals, Landfills, Highway & Road Constructions, Ponds, Tanks, Water Reservoirs, Mining, and Solution Ponds and for corrosion Resistant on Steel tanks etc. The wire products are used in construction, bridges, oil & gas, automobile springs, sleepers of railway track, national highways and state electricity board.
D P Wires is also engaged in power generation through 2 wind farms of 0.80 MW each in village Okha-Madhi and Jodhpur in District Jamnagar.
The Company D P Wires IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 20.78 |
| 2 | General Corporate Purposes | 5.50 |
| 3 | Issue Expenses | 0.60 |
[Dilip Davda] Investment for short to long term may be considered. Read detail review...
| Listing Date | October 5, 2017 |
| BSE Script Code | |
| NSE Symbol | DPWIRES |
| ISIN | INE864X01013 |
| Final Issue Price | ₹75 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹78.00 |
| Low | ₹60.00 |
| High | ₹78.00 |
| Last Trade | ₹75.00 |
D P Wires Ltd.
16-18A, Industrial Estate,
Ratlam 457001
Ratlam, Madhya Pradesh
Phone: +91-7412-261130
Email: info@dpkataria.in
Website: http://www.dpwires.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
D P Wires IPO is a SME IPO of 35,84,000 equity shares of the face value of ₹10 aggregating up to ₹26.88 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on September 21, 2017, and closes on September 26, 2017.
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 D P Wires IPO using UPI as a payment gateway. Zerodha customers can apply in D P Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in D P Wires IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The D P Wires IPO opens on September 21, 2017 and closes on September 26, 2017.
D P Wires IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in D P Wires IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for D P Wires IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the D P Wires IPO allotment status.
The D P Wires IPO listing date is on Thursday, October 5, 2017.
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