DCG Wires and Cables IPO
The initial public offering (IPO) of DCG Wires and Cables will open for subscription on April 08 and close on April 10, comprising fresh issues of Rs.49.99 Crore An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on April 16, 2024.
#1. Quick Intro to DCG Wires and Cables
DCG Wires and Cables Limited (2017) 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 fiberglass copper.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of DCG Wires and Cables
The company intends to use the IPO Funds for the following purposes:
- Capital expenditure for building construction..
- Working capital requirements.
- General corporate purposes.
- Meeting public issue expenses.
#3. DCG Wires and Cables Core Strengths
- Exceptional product quality.
- Customization expertise.
- Competitive pricing.
- Long-stand reputation for reliability and consistency
- Vast experience of our promoters.
#4. DCG Wires and Cables IPO Review & Rating
| Issue Size | Rs.49.99 Crore |
| Issue Price | Rs.100 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (Feb 29, 2024) | Rs.874.10 Lakhs |
| ROE (%) | 35.92% |
| ROCE (%) | 59.10% |
| Listing on | NSE SME |
| IPO Deliver Rating | Four |
#5. DCG Wires and Cables IPO Dates, Price Band & Details
DCG Wires and Cables IPO will open on April 08, 2024, and close on April 10, 2024. The IPO is to be listed on April 16, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.49.99 Crore |
| Price Brand | Rs.100 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | April 08, 2024 |
| IPO Close Date | April 10, 2024 |
| IPO Allotment Date | April 12, 2024 |
| Refund Date | April 15, 2024 |
| Share Credit Date | April 15, 2024 |
| Listing Date | April 16, 2024 |
#6. DCG Wires and Cables IPO Offer Details
DCG Wires and Cables IPO’s total issue size is 4,999,200 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 4,999,200 | 49.99 |
| Offer for Sale (OFS) | – | – |
#7. DCG Wires and Cables Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Feb 29, 2024 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 7,639.08 | 5,455.18 | – |
| Net Worth | 2,367.15 | 1,533.82 | 443.69 |
| Profit | 847.10 | 172.06 | 37.24 |
| Total Borrowings | 2,569.83 | 1,812.27 | 635.44 |
#8. DCG Wires and Cables Quantitative Factors
The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.
| Category | Sep 30, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 3.55 | 1.31 | 0.94 |
| RoNW (%) | 23.43 | 11.23 | 8.39 |
| NAV (Rs.) | 15.06 | 11.57 | – |
#9. DCG Wires and Cables Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| Cords Cable Industries Limited | 52,764.72 | 4.58 | 123.15 |
| Universal Cables Limited | 2,21,957.70 | 8.93 | 203.87 |
#10. DCG Wires and Cables Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoter |
| 01. | Devang Patel |
| 02. | Harshadbhai Patel |
| 03. | Ushaben Patel |
#11. DCG Wires and Cables Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 72.45 |
#12. DCG Wires and Cables IPO Reservation Details
DCG Wires and Cables IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
#13. DCG Wires and Cables IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 120,000 |
| Retail (Max.) | 1 | 1200 | 120,000 |
| HNI (Min.) | 2 | 2400 | 240,000 |
#14. DCG Wires and Cables IPO – Prospectus Copy
An investor can download/view the DCG Wires and Cables prospectus copy, which the company filed to exchange, details are as follows.
| DCG Wires and Cables IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. DCG Wires and Cables IPO Registrar
Bigshare Services Private Limited
Phone No.: +91 22-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. DCG Wires and Cables IPO Lead Managers
Interactive Financial Services Limited
Phone No. +079-46019796
E-Mail: mbd@ifinservices.com
Website: www.ifinservices.com
#17. DCG Wires and Cables IPO Application (How to Apply for an IPO)
There are three primary options for applying for a DCG Wires and Cables IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “DCG Wires and Cables Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “DCG Wires and Cables Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. DCG Wires and Cables Company Details
DCG Wires and Cables Limited
Registered Office: 12, Agrasen Industrial Estate, Chotalal Ni Chali, Odhav Road, Ahmedabad-382415, Gujarat, India.
Email: dcgcopperindustries@yahoo.com
Website: www.dcgcableswiresltd.com
Investor Grievances/Compliance Officer: Shwetal Maliwal
#19. DCG Wires and Cables Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Mangalam Envago Products Private Limited |
| 02. | – |
#20. DCG Wires and Cables Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Devangbhai Patel |
| 02. | Harshadbhai Patel |
DCG Wires and Cables IPO – Frequently Asked Questions (FAQs)
| #1. What is a DCG Wires and Cables IPO?
DCG Wires and Cables brings its IPO of Rs.49.99 crore, on April 08, 2024, with a price band of Rs.100 per share. |
| #2. What is the DCG Wires and Cables IPO Open date?
DCG Wires and Cables IPO’s opening date is April 08, 2024. |
| #3. What is the DCG Wires and Cables IPO Close Date?
DCG Wires and Cables IPO’s closing date is April 10, 2024. |
| #4. What is the DCG Wires and Cables IPO Listing date?
DCG Wires and Cables’s IPO listing date is April 16, 2024. |
| #5. What is the DCG Wires and Cables IPO Minimum investment amount?
DCG Wires and Cables IPO’s minimum investment amount is Rs. 120,000. |
| #6. What is the DCG Wires and Cables IPO offer issue Size?
DCG Wires and Cables offers an issue size of Rs.49.99 crore. |
| #7. What is the DCG Wires and Cables IPO Price Band?
DCG Wires and Cables’s IPO price band is Rs.100 per share. |
| #8. Is DCG Wires and Cables IPO mainboard IPO or SME IPO?
DCG Wires and Cables IPO is an SME IPO. |
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