Fixed Price IPO | ₹27 Cr | Listed at NSE SME | Thu, Sep 21, 2017 - Tue, Sep 26, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 21, 2017
IPO Close
Tue, Sep 26, 2017
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹101.76 Cr
| IPO Date | 21 to 26 Sep, 2017 |
| Listed on | Thu, Oct 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 35,84,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,82,400 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 34,01,600 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 34,01,600 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 99,84,000 shares |
| Share Holding Post Issue | 1,35,68,000 shares |
| NSE Symbol | DPWIRES |
| ISIN | INE864X01013 |
D P Wires IPO comprises a total issue size of 35,84,000 shares. The net offer to the public is 34,01,600 shares, after excluding 1,82,400 shares allotted on a firm basis. Of the Net offer 17,00,800 (50.00%) allocated to NII 17,00,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,00,800 | 50.00% | 47.46% |
| Retail Shares Offered | 17,00,800 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,82,400 | 5.09% | |
| Total Shares Offered | 35,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 20.78 |
| 2 | General Corporate Purposes | 5.50 |
| 3 | Issue Expenses | 0.60 |
The D P Wires IPO is subscribed [.] times on September 26, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrar, Market Maker, Bankers etc. | 0.45 |
| 2 | Regulatory Fees & Other Expenses | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹78.00 |
| Low | ₹60.00 |
| High | ₹78.00 |
| Last Trade | ₹75.00 |
Lead Manager Reports
D P Wires IPO is a SME IPO of 35,84,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Sep 21, 2017, and closes on Tue, Sep 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 Thu, Sep 21, 2017 and closes on Tue, Sep 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 Thu, Oct 5, 2017.
