DCG Wires And Cables IPO is a fixed price issue of Rs 49.99 crores. The issue is entirely a fresh issue of 49.99 lakh shares.
DCG Wires And Cables IPO opens for subscription on April 8, 2024 and closes on April 10, 2024. The allotment for the DCG Wires And Cables IPO is expected to be finalized on Friday, April 12, 2024. DCG Wires And Cables IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 16, 2024.
DCG Wires And Cables IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Interactive Financial Services Ltd is the book running lead manager of the DCG Wires And Cables IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DCG Wires And Cables IPO is Nikunj Stock Brokers.
Refer to DCG Wires And Cables IPO RHP for detailed information.
DCG Wires And Cables IPO Details
| IPO Date | April 8, 2024 to April 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,999,200 shares (aggregating up to ₹49.99 Cr) |
| Fresh Issue | 4,999,200 shares (aggregating up to ₹49.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,150,400 |
| Share holding post issue | 18,149,600 |
| Market Maker portion | 252,000 shares Nikunj Stock Brokers |
DCG Wires And Cables IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
DCG Wires And Cables IPO Timeline (Tentative Schedule)
DCG Wires And Cables IPO opens on April 8, 2024, and closes on April 10, 2024.
| 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 confirmation | 5 PM on April 10, 2024 |
DCG Wires And Cables IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
DCG Wires And Cables IPO Promoter Holding
Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel are the company’s promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.45% |
About DCG Wires And Cables Limited
DCG Wires And Cables Limited 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.
DCG Wires And Cables Limited Financial Information (Restated Consolidated)
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,152.13 | 3,564.12 | ||
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of DCG Wires And Cables IPO is Rs 181.5 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 35.92% |
| ROCE | 59.10% |
| Debt/Equity | 1.09 |
| RoNW | 35.79% |
| P/BV | 8.64 |
| PAT Margin (%) | 11.09 |
Check DCG Wires And Cables IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.31 | 5.09 |
| P/E (x) | 76.43 | 19.64 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of February 29, 2024 that is available in RHP.
Objects of the Issue (DCG Wires And Cables IPO Objectives)
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Capital Expenditure for building construction,
- Working capital requirement,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
DCG Wires And Cables Limited Contact Details
DCG Wires And Cables Limited
12, Agrasen Industrial Estate,
Chotalal Ni Chali, Odhav Road,
Ahmedabad -382415
Phone: +91 7861804932
Email: dcgcopperindustries@yahoo.com
Website: http://www.dcgcableswiresltd.com/
DCG Wires And Cables IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html