DCG Cables & Wires Limited IPO Detail
DCG Cables & Wires 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.
Company Promoters
Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben PatelIPO Details
| IPO Opening Date | Apr 08, 2024 |
| IPO Closing Date | Apr 10, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹49.99 Cr |
| Fresh Issue | ₹49.99 Cr |
| Offer for Sale | - |
| Retail Portion | 47.48% |
IPO Tentative Timetable
The DCG Cables & Wires Limited IPO open date is Apr 08, 2024, and the close date is Apr 10, 2024. The issue may list on Apr 16, 2024.
| IPO Open Date | Apr 08, 2024 |
| IPO Close Date | Apr 10, 2024 |
| Basis of Allotment Date | Apr 12, 2024 |
| Initiation of Refunds | Apr 15, 2024 |
| Credit of Shares to Demat Account | Apr 15, 2024 |
| IPO Listing Date | Apr 16, 2024 |
IPO Lot Size
The DCG Cables & Wires Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.45% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 3564.12 | 5455.18 | 172.06 |
| 29-Feb-24 | 6152.13 | 7639.08 | 847.10 |
Objects of the Issue:
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 Cables & Wires Limited IPO Registrar:
Bigshare Services Pvt Ltd
DCG Cables & Wires Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
DCG Cables & Wires Limited
12, Agrasen Industrial Estate,
Chotalal Ni Chali, Odhav Road,
Ahmedabad -382415
