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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 ₹100.00 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). The minimum lot size investment for 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 Date | April 8, 2024 to April 10, 2024 |
| Listing Date | April 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,99,200 shares (aggregating up to ₹49.99 Cr) |
| Reserved for Market Maker | 2,52,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹2.52 Cr) |
| Net Offered to Public | 47,47,200 shares (aggregating up to ₹47.47 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,31,50,400 shares |
| Share Holding Post Issue | 1,81,49,600 shares |
DCG Cables & Wires IPO offers total 49,99,200 shares. Out of which 23,73,600 (47.48%) allocated to NII, 23,73,600 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,000 (5.04%) |
| NII (HNI) Shares Offered | 23,73,600 (47.48%) |
| Retail Shares Offered | 23,73,600 (47.48%) |
| Total Shares Offered | 49,99,200 (100.00%) |
DCG Cables IPO opens on April 8, 2024, and closes on April 10, 2024.
| IPO Open Date | Mon, Apr 8, 2024 |
| IPO Close Date | Wed, Apr 10, 2024 |
| Tentative Allotment | Fri, Apr 12, 2024 |
| Initiation of Refunds | Mon, Apr 15, 2024 |
| Credit of Shares to Demat | Mon, Apr 15, 2024 |
| Tentative Listing Date | Tue, Apr 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 10, 2024 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 6,152.13 | 3,564.12 | ||
| Total Income | 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 | ||||
The market capitalization of DCG Cables IPO is ₹181.50 Cr.
KPI as of Thu, Feb 29, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 1.31 | 5.09 |
| P/E (x) | 76.34 | 19.64 |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing and marketing of copper cables and other related products like fiber glass covered copper products. Higher spending by the Government of India on energy sector augurs well for the company. As informed by the management, its focus on high margin products earned good rewards with quantum jump in the bottom lines and it hopes to continue the same trends going forward. Based on its FY24 super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...
| Listing Date | April 16, 2024 |
| BSE Script Code | |
| NSE Symbol | DCG |
| ISIN | INE0S8401018 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹85.35 |
| Low | ₹85.30 |
| High | ₹93.00 |
| Last Trade | ₹91.55 |
DCG Cables & Wires Ltd.
12, Agrasen Industrial Estate,
Chotalal Ni Chali,
Odhav Road,
Ahmedabad, Gujarat, 382415
Phone: +91 7861804932
Email: dcgcopperindustries@yahoo.com
Website: http://www.dcgcableswiresltd.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
DCG Cables IPO is a SME IPO of 49,99,200 equity shares of the face value of ₹10 aggregating up to ₹49.99 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on April 8, 2024, and closes on April 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 April 8, 2024 and closes on April 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 Monday, April 15, 2024. Check the DCG Cables IPO allotment status.
The DCG Cables IPO listing date is on Tuesday, April 16, 2024.
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