Fixed Price IPO | ₹50 Cr | Listed at NSE SME | Mon, Apr 8, 2024 - Wed, Apr 10, 2024
DCG Cables IPO is a fixed price issue of ₹49.99 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹49.99 crore.
DCG Cables IPO bidding started from Apr 8, 2024 and ended on Apr 10, 2024. The allotment for DCG Cables IPO was finalized on Apr 12, 2024. The shares got listed on NSE SME on Apr 16, 2024.
DCG Cables IPO price is ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Interactive Financial Services 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 Nikunj Stock Brokers Ltd..
Refer to DCG Cables IPO RHP for detailed Information.
IPO Open
Mon, Apr 8, 2024
IPO Close
Wed, Apr 10, 2024
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹181.50 Cr
| IPO Date | 8 to 10 Apr, 2024 |
| Listed on | Tue, Apr 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 49,99,200 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 2,52,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 47,47,200 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 47,47,200 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,31,50,400 shares |
| Share Holding Post Issue | 1,81,49,600 shares |
| NSE Symbol | DCG |
| ISIN | INE0S8401018 |
DCG Cables IPO comprises a total issue size of 49,99,200 shares. The net offer to the public is 47,47,200 shares, after excluding 2,52,000 shares allotted on a firm basis. Of the Net offer 23,73,600 (50.00%) allocated to NII 23,73,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,73,600 | 50.00% | 47.48% |
| Retail Shares Offered | 23,73,600 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,52,000 | 5.04% | |
| Total Shares Offered | 49,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
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.
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 61.52 | 35.64 | ||
| Total Income | 76.39 | 54.55 | ||
| Profit After Tax | 8.47 | 1.72 | 0.37 | 0.10 |
| NET Worth | 23.67 | 15.34 | 4.44 | 0.13 |
| Reserves and Surplus | 10.52 | 2.18 | ||
| Total Borrowing | 25.70 | 18.12 | 6.35 | 0.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for building construction | 5.36 |
| 2 | Long term Working capital requirement | 33.20 |
| 3 | General corporate purposes | 8.73 |
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 35.92% |
| ROCE | 59.10% |
| Debt/Equity | 1.09 |
| RoNW | 35.79% |
| PAT Margin | 11.09% |
| Price to Book Value | 5.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.31 | 5.09 |
| P/E (x) | 76.34 | 19.64 |
| Promoter Holding | 100.00% | 72.45% |
| Market Cap | ₹181.50 Cr. |
The DCG Cables & Wires IPO is subscribed 16.96 times on April 10, 2024 6:20:33 PM (Day 3). The public issue subscribed 21.7 times in the retail category, [.] times in the QIB category, and 11.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 11.53 | 23,73,600 | 2,73,62,400 |
| Retail | 21.7 | 23,73,600 | 5,15,11,200 |
| Total | 16.96 | 47,47,200 | 8,05,24,800 |
Total Application : 42,926
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.25 |
| 2 | Brokerage, selling commission and Marketing | 2.00 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.12 |
| 6 | Regulators including stock exchanges | 0.15 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Lead Manager Reports
DCG Cables IPO is a SME IPO of 49,99,200 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Apr 8, 2024, and closes on Wed, Apr 10, 2024.
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 DCG Cables IPO using UPI as a payment gateway. Zerodha customers can apply in DCG Cables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DCG Cables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DCG Cables IPO opens on Mon, Apr 8, 2024 and closes on Wed, Apr 10, 2024.
DCG Cables IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in DCG Cables 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 DCG Cables IPO will be done on Friday, April 12, 2024, and the allotted shares will be credited to your demat account by Mon, Apr 15, 2024. Check the DCG Cables IPO allotment status.
The DCG Cables IPO listing date is on Tue, Apr 16, 2024.
