03-Apr-2024
2 mins read
DCG Wires and Cables IPO is open for subscription starting Monday, April 8, 2024, and closing on Wednesday, April 10, 2024. The price of this upcoming IPO is decided at Rs 100 per share. The minimum lot size of this application for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,20,000 (100 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (100 x 2400 shares). DCG Wires and Cables IPO is a fixed-price issue of Rs 49.99 crores. This upcoming IPO issue is completely a fresh issue of 49.99 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 12, 2024. DCG Wires and Cables IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 16, 2024. The book-running lead manager of DCG Wires and Cables IPO is Interactive Financial Services Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this IPO is Nikunj Stock Brokers.
About DCG Wires And Cables Limited
DCG Wires and Cables Limited was founded in 2017, engaged in the business of manufacturing copper cables and wires for transformer manufacturers in India. The product portfolio of DCG Wires and Cables includes Copper strips in rectangular and round shapes, multiple paper-covered copper conductors and connection cables, Bare Copper Wires and Strips, Copper Tapes and Fiberglass Copper. Company serves a diverse range of industries, including electrical construction, manufacturing and more. Company’s copper products are used in electrical wiring, power distribution, grounding system and construction material and various manufacturing applications. DCG Wires and Cables had three manufacturing plant at Odhav, Kubadthal in Ahmedabad. The other one is in Vadodara with a total capacity of 5,868 MT for the bare copper wire and strip. Paper-coated copper strips and wires have a capacity of 1,404 MT; cable wires have a capacity of 1,512 MT. As per the latest record, the company employed over 69 people.
Objectives of DCG Wires And Cables IPO
The net funds raised from the issue will be utilised for capital expenditure for the building construction. Other than this, working capital requirements will also be fulfilled. Moreover, the public issue expenses and general corporate purposes will also be met.
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Financials of DCG Wires and Cables Limited (Amt in Rs Lakhs)
DCG Wires and Cables posted a revenue of Rs 5,455.18 lakhs and net profit of Rs 172.06 lakhs for the period ending on 31 March 2023. As per latest financial information available on 29 Feb 2024, Company’s revenue jumped to 7,639.08 lakhs and PAT to Rs 847.10 lakhs.
| Period Ended | 29-Feb-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 6,152.13 | 3,564.12 | - | - |
| Revenue | 7,639.08 | 5,455.18 | - | - |
| Profit After Tax | 847.1 | 172.06 | 37.24 | 10.4 |
| 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 | 29.8 |
Other Important Details of DCG Wires and Cables IPO
| IPO Date | April 8, 2024 to April 10, 2024 |
| Listing Date | 16-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,999,200 shares amounting to Rs 49.99 crore |
| Fresh Issue | 4,999,200 shares amounting to Rs 49.99 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 13,150,400 |
| Shareholding post issue | 18,149,600 |
| Market Maker portion | 252,000 shares |
Time-Table of DCG Wires and Cables IPO
| IPO Open Date | Monday, April 8, 2024 |
| IPO Close Date | Wednesday, April 10, 2024 |
| Basis of Allotment | Friday, April 12, 2024 |
| Initiation of Refunds | Monday, April 15, 2024 |
| Credit of Shares to Demat | Monday, April 15, 2024 |
| Listing Date | Tuesday, April 16, 2024 |
| Cut-off time for UPI mandate | 5 PM on April 10, 2024 |
Lot Size of DCG Wires and Cables IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1200 | Rs 120,000 |
| Retail - Maximum | 1 | 1200 | Rs 120,000 |
| HNI - Minimum | 2 | 2,400 | Rs 240,000 |
IPO Reservation of DCG Wires and Cables Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of DCG Wires and Cables Limited IPO
| KPI | Values |
| ROE | 35.92% |
| ROCE | 59.10% |
| Debt/Equity | 1.09 |
| RoNW | 35.79% |
| P/BV | 8.64 |
| PAT Margin | 11.09 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.31 | 5.09 |
| P/E | 76.43 | 19.64 |
Promoters of DCG Wires and Cables Limited and Their Holdings
The promoters of DCG Wires and Cables company are Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 72.45 percent |
Lead Manager(s) of DCG Wires and Cables IPO
The lead manager for DCG Wires and Cables IPO is Interactive Financial Services Limited.
How do you apply for the DCG Wires and Cables IPO?
Wait for the public issue to open for subscription, then click here to apply for the DCG Wires and Cables Limited IPO with Bigul.
How do you check the allotment status of DCG Wires and Cables IPO?
The registrar for DCG Wires and Cables IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is DCG Wires and Cables IPO?
DCG Wires and Cables IPO is a fixed-price issue of Rs 49.99 crores. This upcoming IPO issue is completely a fresh issue of 49.99 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 12, 2024.
2. Who are the lead managers for the DCG Wires and Cables Limited IPO?
Interactive Financial Services Limited is appointed as the lead manager for the IPO.
3. What is the role of Skyline Financial Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for DCG Wires and Cables Limited, handling the IPO's administrative aspects.
4. How can I apply for the DCG Wires and Cables IPO?
The public subscription of this new IPO will open on April 8, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The net funds raised from the issue will be utilised for capital expenditure for the building construction. Other than this, working capital requirements will also be fulfilled. Moreover, the public issue expenses and general corporate purposes will also be met.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the DCG Wires and Cables Limited IPO 2024 by visiting here.
7. What is the financial performance of DCG Wires and Cables Limited?
DCG Wires and Cables posted a revenue of Rs 5,455.18 lakhs and net profit of Rs 172.06 lakhs for the period ending on 31 March 2023. As per latest financial information available on 29 Feb 2024, Company’s revenue jumped to 7,639.08 lakhs and PAT to Rs 847.10 lakhs.
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