DCG Cables & Wires Limited is preparing for its Initial Public Offering (IPO), which will take place from April 8, 2024 to April 10, 2024. The company intends to generate Rs 49.99 crores by issuing 4,999,200 shares at a set price of Rs 100 each. The IPO provides an opportunity for investors to participate in the company’s growth prospects when it enters the public realm. Here’s a complete description of the DCG Cables & Wires IPO and other relevant facts.
- Established in 2017, DCG Cables & Wires specializes in the manufacturing of copper cables and wires tailored for transformer manufacturers across India.
- The company boasts a diverse product portfolio encompassing Copper Strips, Paper Covered Copper Strips, and various other copper conductors and connection cables.
- With manufacturing facilities located in Odhav and Kubadthal, Ahmedabad, and Waghodia, Vadodara, DCG Cables & Wires has a combined production capacity catering to different copper-based products.
Financial Performance:
- As of February 29, 2024, the company’s assets stand at Rs 6,152.13 lakhs, with a revenue of Rs 7,639.08 lakhs and a Profit After Tax (PAT) of Rs 847.10 lakhs.
- The market capitalization of DCG Cables & Wires as of February 29, 2024, is estimated at Rs 181.5 crores, showcasing its substantial market presence and potential.
Key Performance Indicators:
DCG Cables & Wires demonstrates robust financial performance indicators, including Return on Equity (ROE) of 35.92%, Return on Capital Employed (ROCE) of 59.10%, and a Profit After Tax (PAT) Margin of 11.09%.
Objectives of the Issue:
The IPO funds will be used for capital expenditure, working capital, general corporate objectives, and public issue expenses, demonstrating the company’s commitment to long-term growth and expansion.
DCG Cables & Wires IPO Timeline:
| IPO Open Date | Monday, April 8, 2024 |
| IPO Close Date | Wednesday, April 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 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 |
| Listing At | NSE SME |
DCG Cables & Wires IPO Lot Size:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
DCG Cables And Wires IPO GMP.
As of 07-04-2024, the IPO price is ₹100.00, with a steady GMP of ₹18. This stability demonstrates investor confidence in the offering. Prospective investors should expect a listing price of ₹118 (18% rise), indicating potential rewards. Stay up to speed with the most recent updates to make informed investing selections.
Interactive Financial Services Limited is the Lead Manager for this IPO Issue. Bigshare Services Private Limited is the Registrar for this IPO Issue. Nikunj Stock Brokers is the market maker for the DCG Wires and Cables IPO.
Up to 23,73,600 equity shares have been set allocated by the firm for retail individual investors, up to 23,73,600 equity shares for non-institutional investors (NIIs), and up to 2,52,000 equity shares for the market maker part of the offering.
Mr. Devangbhai Patel, Managing Director of DCG Cables & Wires Limited, stated, “As we begin this exciting journey with the launch of our Initial Public Offering, DCG Cables & Wires Limited is set for a revolutionary chapter in history. We are a copper cable and wire producer with a strong dedication to quality and client satisfaction. Our growth plans include establishing a new manufacturing plant in Gujarat, which would greatly boost our production capacity and allow us to better meet our clients’ growing expectations.
In conclusion, the DCG Cables & Wires IPO presents a compelling opportunity for investors to participate in the company’s growth trajectory and capitalize on its promising prospects within the copper cables and wires industry segment.
The information provided in this article is for educational and informational purposes only. It should not be construed as investment advice or a recommendation to buy or sell any securities mentioned. Investing in the stock market involves risks, including the potential loss of principal. The information provided herein, sourced from various reputable sources, is believed to be accurate and reliable at the time of publication. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The author and publisher of this article are not liable for any losses or damages arising from the use of the information provided herein.
If you have any objections or concerns regarding the content of this article, please feel free to contact us to address them appropriately.