DCG Cables & Wires Limited

08 Apr 2024 - 10 Apr 2024 Individual Category SME IPO NSE

Min Investment

₹240000

Price Band

₹100

Issue Size

49.99 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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08 Apr 2024

Open Date

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10 Apr 2024

Close Date

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12 Apr 2024

Allotment Date

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16 Apr 2024

Listing Date

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.

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About Dcg Cables & Wires 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. 

Founded

2017

Managing Director

Devangbhai Patel

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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