DCG Cables & Wires IPO Allotment Date, Price and GMP

DCG Cables & Wires IPO, priced at Rs. 100 per share, opens for subscription on April 8, 2024, with an allotment date set for April 12, 2024, and listing date on April 16, 2024.

9. Apr 2024
DCG Cables & Wires IPO Allotment Date, Price and GMP

DCG Cables & Wires IPO: a fixed price issue worth Rs 49.99 crores, comprising 49.99 lakh fresh shares. Bidding opened on April 8, 2024, closing on April 10, 2024. Allotment is expected by April 12, 2024, with tentative listing on NSE SME by April 16, 2024. Priced at Rs. 100 per share, the minimum lot size is 1200 shares, requiring a retail investment of Rs. 120,000. For HNIs, 2 lots (2,400 shares) amount to Rs. 240,000. Interactive Financial Services Ltd acts as the lead manager, with Bigshare Services Pvt Ltd as the registrar, and Nikunj Stock Brokers as the market maker.



About DCG Cables & Wires Limited

DCG Cables & Wires, established in 2017, manufactures copper cables and wires primarily for transformer manufacturers in India. Their product range includes Copper Strips, Paper Covered Copper Strips, and various paper-covered copper conductors and connection cables. With three manufacturing facilities in Odhav, Kubadthal, and Waghodia, the company boasts a total capacity of 5,868 MT for bare copper wire and strip, among other capacities. As of February 29, 2024, the company employs approximately 69 individuals.

DCG Cables & Wires IPO Allotment Date

DCG Cables & Wires Limited is gearing up for its IPO scheduled to be available for subscription from April 8th to April 10th, 2024. Allocation of shares is set for April 12th, 2024, with the IPO slated for listing on the stock exchanges on April 16th, 2024.

DCG Cables & Wires IPO Timeline

IPO Open Date: The subscription period for DCG Cables & Wires IPO begins on April 8, 2024, allowing investors to apply for shares.

IPO Close Date: Investors must submit their IPO applications by April 10, 2024, as the subscription period closes on this date.

Basis of Allotment: On April 12, 2024, the basis of allotment for DCG Cables & Wires IPO will be determined, outlining the allocation of shares to investors.

Initiation of Refunds: Refunds for unsuccessful IPO applicants will commence on April 15, 2024. Applicants who did not receive an allotment will receive their refunds.

Credit of Shares to Demat: Shares allotted to successful IPO applicants will be credited to their Demat accounts on April 15, 2024.

Listing Date: The shares of DCG Cables & Wires IPO are expected to be listed on the stock exchange for trading on April 16, 2024.

Cut-off Time for UPI Mandate Confirmation: Investors must confirm their UPI mandates before 5 PM on April 10, 2024, to participate in the IPO subscription process.

DCG Cables & Wires IPO Details

IPO Date 8th to 10th April 2024
Listing Date 16th April 2024
Face Value Rs. 10 per share
Price Band Rs. 100 per share
Lot Size 1200 Shares
Total Issue Size 4,999,200 shares (aggregating up to Rs. 49.99 Cr)
Fresh Issue 4,999,200 shares (aggregating up to Rs. 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


DCG Cables & Wires IPO 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 Rs. Lakhs


DCG Cables & Wires IPO FAQs

What is DCG Cables & Wires IPO?

DCG Cables & Wires IPO is the initial public offering launched by DCG Cables & Wires, a company engaged in manufacturing copper cables and wires.

When DCG Cables & Wires IPO will open for apply?

DCG Cables & Wires IPO will open for subscription on Monday, April 8, 2024.

What are the minimum lot size and investment needed for participating in the DCG Cables & Wires IPO?

The minimum lot size for an application in DCG Cables & Wires IPO is 1200 shares, with a minimum investment of Rs. 120,000 for retail investors.

When is DCG Cables & Wires IPO allotment date?

The allotment for DCG Cables & Wires IPO is expected to be finalized on Friday, April 12, 2024.

What is the DCG Cables & Wires IPO listing date?

DCG Cables & Wires IPO is scheduled to be listed on the NSE SME platform on Tuesday, April 16, 2024.

What is the price band of DCG Cables & Wires IPO?

The price band for DCG Cables & Wires IPO is set between Rs. 100 per share.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions. The accuracy and completeness of the information cannot be guaranteed, and any reliance on the information provided is at the reader's own risk.

Note - We can not guarantee that the information on this page is 100% correct. Some article is created with help of AI.


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