DCG Wires And Cables Limited IPO is set to launch on 8 April, 2024. The company initiated its business operations in the year 2017. It is involved in the business of manufacturing Copper wires and cables for transformer manufacturers in India. Product portfolio of the company includes Paper covered Strip in rectangular and round shapes, Copper strips, and multiple paper covered copper conductors and connection cables and wires. It also manufactures Copper tapes, Bare copper wires and Fibre glass copper. Its manufacturing facilities are located in Ahmedabad and Vadodara. The annual manufacturing capacity of the copay is of 1404 MT for paper coated stripes, 5868 MT of bare copper and wires, 5760 MT of cable wires and 10080 MT for flat copper wires. It has an employee base of 69 people.
DCG Wires And Cables Limited IPO DETAILS
DCG Wires And Cables Limited IPO is set to launch on 8 April, 2024. The subscription timeline extends till 10 April, 2024. The size for the IPO is 49.99 Crore Rs. Shares issued through fresh issue mode are worth Rs 49.99 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 100 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of DCG Wires And Cables Limited IPO
| IPO OPENING DATE | 8 April, 2024 |
| CLOSING DATE FOR IPO | 10 April, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 100 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 49.99 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 49.99 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 16 April, 2023 |
DCG Wires And Cables Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 8 April, 2024 |
| CLOSING DATE FOR IPO | 10 April, 2024 |
| IPO ALLOTMENT DATE | 12 April, 2024 |
| REFUNDS | 15 April, 2024 |
| DEMAT A/C CREDITED ON | 15 April, 2024 |
| IPO LISTING DATE | 16 April, 2024 |
DCG Wires And Cables Limited IPO begins for subscription from 8 April, 2024. The IPO subscription would continue till 10 April, 2024. The allotment status for the shareholders who applied would come on 12 April, 2024. The refunds for the ones who did not get allotment would be initiated on 15 April, 2024. The DEMAT accounts of shareholders would be credited on 15 April, 2024. The listing of the company would be completed on 16 April, 2024.
DCG Wires And Cables Limited IPO : Lead Managers
The lead managers are :
- Interactive Financial Services Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 120000 Rs. |
| Maximum | 2400 shares | 240000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 162 | 1294 | 3564 |
| Revenue | 1463 | 2770 | 5455 |
| PAT | 10 | 37 | 172 |
DCG Wires And Cables Limited had an asset base of 162 Lakh Rs in 2021 which increased to 1294 lakh Rs in 2022. The asset base of the firm was 3564 lakh Rs in the year 2023. The revenue of the firm was 1463 Lakh Rs in 2021 which increased to 2770 lakh rs in 2022. Revenue of the firm was 5455 Lakh Rs for the year 2023. Profit of the company was at 10 Lakh Rs in 2021. This increased to 37 Lakh Rs in 2022 and 172 Lakh Rs in 2023.
PROS
- Product portfolio of the company includes Paper covered Strip in rectangular and round shapes, Copper strips, and multiple paper covered copper conductors and connection cables and wires.
- It also manufactures Copper tapes, Bare copper wires and Fibre glass copper.
- Its manufacturing facilities are located in Ahmedabad and Vadodara.
- The annual manufacturing capacity of the copay is of 1404 MT for paper coated stripes, 5868 MT of bare copper and wires, 5760 MT of cable wires and 10080 MT for flat copper wires.
- It has an employee base of 69 people.
DCG Wires And Cables Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the DCG Wires And Cables Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
