April 16, 2024
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DCG Wires And Cables IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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DCG Wires And Cables IPO Post Listing Review:
On 16 April, the scrip is listed at Rs. 90, discount of 10% over the issue-price of Rs. 100. This listing has been very much below the expectations of the grey market.
What was the last GMP of DCG Wires And Cables IPO?*
Premium: Rs. Gone
Subject to Rs. –
Check Subscription status of DCG Wires And Cables IPO
On 10 April 2024 5.00 pm (Day 3) (Closed)
Review: Not so impressive trend on Day3
NII: 2373600 Shares 11.53 T
RII: 2373600 Shares 21.70 T
Total: 4747200 Shares 16.96 T
What is the business of DCG Wires And Cables?
DCG Wires And Cables is manufacturer of copper cables and wires. Its primarily focus is on manufacturing of different types of copper cables which finds application in Transformers. Its product portfolio consists of Copper Strips, Paper Covered Copper Strips and Wires (Kraft/Crepe/Nomex/Mica) Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper.
For added durability, it offers fiber glass-covered copper strips and wires. Additionally, its copper
submersible wires and strips are perfect for submersible applications. It also supplies twin and triple bunched paper-covered copper strips and bunch conductors.
It majorly supplies its products to the transformer manufacturing companies in India and its main marketing strategy is to develop and maintain good relationships with its customers.
Having a combined installed capacity of 5,868 MT for manufacturing bare Copper wire & Strips, 1,404 MT for Paper Covered Copper Strips & wire, 1,512 MT for Cable Wires, 5,760 MT for Copper Rods, 10,080 MT for Copper Flats, 972 MT for Submersible Wires and 540 MT for Fiber Glass Covered Copper Strips. Its manufacturing facilities are equipped with the latest required machineries that enable it to offer products as per the specific requirements of clients along with low
production cost. The company has received accreditations such as ISO 9001: 2015 Certification for Quality Management System by Optimum Certifications Inc.
The company is currently in process of setting up a new manufacturing plant at Bhayala, Bavla, Gujarat, in order to increase its manufacturing capabilities. The land on which the said plant is being constructed comprises of over 8308 sq. mtrs. area and is obtained by it on lease from its Promoter Director, Mr. Devang Patel for a period of 7 years from November 20, 2023.
Get more information about the company @ http://www.dcgcableswiresltd.com/
| DCG Wires And Cables IPO Details | |
| IPO opens on | 8 April 2024 |
| IPO closes on | 10 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4999200 Sh /Rs 49.99 Cr |
| * Fresh Issue | 4999200 Sh /Rs 49.99 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 252000 Sh. |
| Net offer to Public | 4747200 Sh./Rs.47.47 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 100 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in DCG Wires And Cables IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 2373600 | 23.74 |
| RII (50%) | 2373600 | 23.73 |
| Total Shares | 4747200 | 4747 |
| Retail portion will be oversubscribed by | 1978 | |
| Forms | ||
| How much Shares to Apply in DCG Wires And Cables IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 120000 |
| Min HNI Application | 2400 Sh | Rs.240000 |
Who are the Promoters of DCG Wires And Cables IPO?
Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel are the company’s promoters.
What are the Objects of DCG Wires And Cables IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
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 IPO Tentative timetable | |
| IPO opens on | 8 April 2024 |
| IPO Closes on | 10 April 2024 |
| IPO Allotment on | 12 April 2024 |
| Refund Initiation | 15 April 2024 |
| Credit of Shares | 15 April 2024 |
| Listing on | 16 April 2024 |
| Registered Office of the Company DCG Wires And Cables Limited 12, Agrasen Industrial Estate, Chotalal Ni Chali, Odhav Road, Ahmedabad -382415 |
| Who is the Lead Manager of DCG Wires And Cables IPO? Interactive Financial Services Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| DCG Wires And Cables IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | ? | – |
| 2021-22 | – | – | ? | – |
| 2022-23 | 5455 | 1.72 | 1.31 | 11.22 |
| Book Value of the Share on | 31.03.2023 | Rs | ||
| BV of the Share at cap price | after the IPO | Rs. 40.54 | ||
| Offer Price/upper band | Rs. 100 | |||
| DCG Wires And Cables IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 76.34 |
| Price/BV Ratio | – |
| Upper price/BV after IPO | 2.47 |
How DCG Wires And Cables IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| DCG Wires & Cables | 10 | 54.55 76.34 | |
| Cord Cable | 10 | 527.64 | 31.92 |
| Universal Cable | 10 | 2219.58 | 30.43 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
DCG Wires And Cables IPO To the point Guidance
DCG Wires And Cables is manufacturer of copper cables and wires. Its primarily focus is on manufacturing of different types of copper cables which finds application in Transformers. Its product portfolio consists of Copper Strips, Paper Covered Copper Strips and Wires (Kraft/Crepe/Nomex/Mica) Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper.
Size: The net size of the IPO is Rs.47.47 Cr comprising of 4747200 shares. With 1978 applications, the retail portion will get one time subscribed. Considering recent lack fancy, huge oversubscription may not be possible.
Financial Snapshot: If we consider the PE multiple based on EPS for the year 2022-23, the shares are offered at high valuation compared to peer companies. Not so attractive.
Quicklinks
DCG Wires And Cables IPO GMP today details?
DCG Wires And Cables IPO
DCG Wires And Cables IPO FAQs
What is DCG Wires And Cables IPO?
DCG Wires And Cables is a SME IPO of 4999200 equity shares of the face value of Rs. 10 aggregating up to Rs.49.99 Crores. The issue is priced at Rs.100 per share. The minimum order quantity is 1200 Shares.
When will DCG Wires And Cables IPO open?
DCG Wires And Cables IPO opens on March 28, 2024, and closes on April 4, 2024.
What is the lot size of DCG Wires And Cables IPO?
DCG Wires And Cables IPO lot size is 1200 Shares, and the minimum amount required is Rs.120000.
How to apply for DCG Wires And Cables IPO?
You can apply in DCG Wires And Cables IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is DCG Wires And Cables IPO allotment?
The finalization of Basis of Allotment for DCG Wires And Cables IPO will be done on April 12, 2024, and the allotted shares will be credited to your demat account by April 15, 2024.
When is DCG Wires And Cables IPO listing date?
DCG Wires And Cables IPO listing date is April 16, 2024.
