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DCG Cables & Wires Limited IPO (DCG Cables & Wires IPO) Detail

April 8, 2024 - April 10, 2024

DCG Cables & Wires IPO is a fixed price issue of Rs 49.99 crores. The issue is entirely a fresh issue of 49.99 lakh shares.

DCG Cables & Wires IPO bidding started from April 8, 2024 and ended on April 10, 2024. The allotment for DCG Cables & Wires IPO was finalized on Friday, April 12, 2024. The shares got listed on NSE SME on April 16, 2024.

DCG Cables & Wires IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.

Interactive Financial Services Ltd is the book running lead manager of the DCG Cables & Wires IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DCG Cables & Wires IPO is Nikunj Stock Brokers.

Refer to DCG Cables & Wires IPO RHP for detailed information.

DCG Cables & Wires IPO Details

IPO Date April 8, 2024 to April 10, 2024
Listing Date April 16, 2024
Face Value ₹10 per share
Price ₹100 per share
Lot Size 1200 Shares
Total Issue Size4,999,200 shares
(aggregating up to ₹49.99 Cr)
Fresh Issue4,999,200 shares
(aggregating up to ₹49.99 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue13,150,400
Share holding post issue18,149,600
Market Maker portion252,000 shares
Nikunj Stock Brokers

DCG Cables & Wires IPO Reservation

DCG Cables & Wires IPO offers 4,999,200 shares. 2,373,600 (47.48%) to NII, 2,373,600 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered252,000 (5.04%)
Other Shares Offered2,373,600 (47.48%)
Retail Shares Offered2,373,600 (47.48%)
Total Shares Offered4,999,200 (100%)

DCG Cables & Wires IPO Timeline (Tentative Schedule)

DCG Cables & Wires IPO opens on April 8, 2024, and closes on April 10, 2024.

IPO Open Date Monday, April 8, 2024
IPO Close Date Wednesday, 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
Cut-off time for UPI mandate confirmation 5 PM on April 10, 2024

DCG Cables & Wires IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000
HNI (Min) 2 2,400 ₹240,000
Lot Size Calculator

DCG Cables & Wires IPO Promoter Holding

Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel are the company's promoters.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 72.45%

About DCG Cables & Wires Limited

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.

DCG Cables & Wires Limited Financial Information (Restated Consolidated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets6,152.133,564.12
Revenue7,639.085,455.18
Profit After Tax847.10172.0637.2410.40
Net Worth2,367.151,533.82443.6913.14
Reserves and Surplus1,051.78217.99
Total Borrowing2,569.831,812.27635.4429.80
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of DCG Cables & Wires IPO is Rs 181.5 Cr.

KPI as of February 29, 2024.

KPI Values
ROE35.92%
ROCE59.10%
Debt/Equity1.09
RoNW35.79%
P/BV5.57
PAT Margin (%)11.09
Pre IPO Post IPO
EPS (Rs) 1.315.09
P/E (x) 76.3419.64
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of February 29, 2024 that is available in RHP.

Objects of the Issue (DCG Cables & Wires IPO Objectives)

The company proposes to utilize the Net Proceeds from the issue towards the following objects:

  1. Capital Expenditure for building construction,
  2. Working capital requirement,
  3. General Corporate Purpose, and
  4. Meeting Public Issue Expenses.

DCG Cables & Wires IPO Review (Apply)

[Dilip Davda]  The company is engaged in the business of manufacturing and marketing of copper cables and other related products like fiber glass covered copper products. Higher spending by the Government of India on energy sector augurs well for the company. As informed by the management, its focus on high margin products earned good rewards with quantum jump in the bottom lines and it hopes to continue the same trends going forward. Based on its FY24 super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...


DCG Cables & Wires IPO Subscription Status (Bidding Detail)

The DCG Cables & Wires IPO is subscribed 16.96 times on April 10, 2024 6:20:33 PM. The public issue subscribed 21.70 times in the retail category, times in the QIB category, and 11.53 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other11.53
Retail21.70
Total16.96

Total Application : 42,926 (21.70 times)

DCG Cables & Wires IPO Prospectus

DCG Cables & Wires IPO Rating

4
4.3
Rating:Rated 4.3 stars
Vote Here ...

DCG Cables & Wires IPO Listing Details

Listing Date April 16, 2024
BSE Script Code
NSE Symbol DCG
ISIN INE0S8401018
Final Issue Price ₹100 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹100.00
₹85.35
₹85.30
₹93.00
₹91.55

Check IPO Performance…

DCG Cables & Wires Limited Contact Details

DCG Cables & Wires Limited
12, Agrasen Industrial Estate,
Chotalal Ni Chali, Odhav Road,
Ahmedabad -382415
Phone: +91 7861804932
Email: dcgcopperindustries@yahoo.com
Website: http://www.dcgcableswiresltd.com/

DCG Cables & Wires IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

DCG Cables & Wires IPO - Buy or Not

DCG Cables & Wires IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 2

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DCG Cables & Wires IPO FAQs

DCG Cables & Wires IPO is a SME IPO of 4,999,200 equity shares of the face value of ₹10 aggregating up to ₹49.99 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.

The IPO opens on April 8, 2024, and closes on April 10, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in DCG Cables & Wires IPO using UPI as a payment gateway. Zerodha customers can apply in DCG Cables & Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in DCG Cables & Wires IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'DCG Cables & Wires IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The DCG Cables & Wires IPO opens on April 8, 2024 and closes on April 10, 2024.

DCG Cables & Wires IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.

You can apply in DCG Cables & Wires 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.

The finalization of Basis of Allotment for DCG Cables & Wires IPO will be done on Friday, April 12, 2024, and the allotted shares will be credited to your demat account by Monday, April 15, 2024. Check the DCG Cables & Wires IPO allotment status.

The DCG Cables & Wires IPO listing date is on April 16, 2024.
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DCG Cables & Wires IPO Message Board

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129 Comments

53. DNM |   Link |  Bookmark |April 26, 2024 6:54:36 AM
whats pe now,kite showing90 and Cg showing19
52. Ipoaspire |   Link |  Bookmark |April 23, 2024 9:50:05 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@SaurabhJogi Sir ..please share ur view on this company and also share some sme which is available at cheap price and can give 20 to 30 % returns in 1 to 2 months
51. Nimesh.J |   Link |  Bookmark |April 19, 2024 11:24:49 AM
Market Maker had 252000 Shares but has sold 358800 in 2 days.
Can someone enlighten me?
Also, this doesn't seem a good point when the Market maker himself has exited from his holdings.

51.1. Simply Vicky |   Link |  Bookmark |April 19, 2024 4:35:27 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Nimesh.J Market maker has right to exit on listing day or following day. There is no restriction over it. It may also buy from market to support price if needs be. Generally they exit on listing day in case of subdued listing.
50. Gai Bhens Paani Me |   Link |  Bookmark |April 18, 2024 9:26:54 AM
This might close with upper circuit today.
50.1. Gai Bhens Paani Me |   Link |  Bookmark |April 18, 2024 12:43:59 PM
As I said it’s locked on UC!!!
49. Simply Vicky |   Link |  Bookmark |April 18, 2024 10:17:14 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
LC opened today. We may see UC today if selling slows down.
48. Udayk |   Link |  Bookmark |April 16, 2024 8:59:03 PM (200+ Posts)
Khud nikunj stock broker n share sell kr diye .see in block deel
47. PRAFULLA KOTA |   Link |  Bookmark |April 16, 2024 5:08:19 PM
I had little dissatisfaction about my luck, i will not complain in future again, i may not be most lucky, but certainly i am not most unlucky as well. Thank god.
46. POOJAKKK |   Link |  Bookmark |April 16, 2024 1:14:29 PM
remove your orders from lower circuit ... someone is slowly accumulating shares... circuit might open today itself
46.3. Gai Bhens Paani Me |   Link |  Bookmark |April 16, 2024 4:15:46 PM
It will break soon..
46.4. Gopal lucky boy |   Link |  Bookmark |April 17, 2024 11:16:18 AM
I believe tomm it will hit lower circuit again of 5% and nikunj mm might be re-enter 145,200 buy back its share again lower price and after that you might upper circuit that reach actual price of the ipo...
45. IPO Gyaaan |   Link |  Bookmark |April 16, 2024 1:09:05 PM (200+ Posts)
Took a bet on Dilip sir Apply rating and ok ok subscription but got lose.
44. Gai Bhens Paani Me |   Link |  Bookmark |April 16, 2024 11:47:28 AM
Added 2 lots at lower circuit, circuit will be break shortly.
44.1. Gopal lucky boy |   Link |  Bookmark |April 16, 2024 12:48:21 PM
The circuit only breaks when 314400 buyers needed...
43. abc xyz |   Link |  Bookmark |April 16, 2024 11:28:47 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
At present 595200 shares were traded on NSE platform of DCG cable. It means that 496 persons have sold & same 496 people have bought it. The people who have bought thses shares may have some good inputs of DCG. Let's hope the share may reach to its ipo value very soon.
42. ARJUN'S EYE |   Link |  Bookmark |April 16, 2024 8:54:40 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
DCG Cables & Wires Ltd NSE SME IPO.
NSE Code:-23524                              
Symbol:-DCG
Group:-ST
ISIN:-INE0S8401018      
Issue Price:-100/-
Market Lot:-1200 Shares
Face Value:-10/-
Listing At:-NSE SME
41. Bambaiya |   Link |  Bookmark |April 15, 2024 1:31:14 PM
Sudden Jump in PAT and Poor track record of LM, I doubt for positive listings. lets wait and watch till 16th.
40. A.K. Goyal |   Link |  Bookmark |April 14, 2024 1:04:31 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
got 1st sme ipo of life, applied hundreds.
Dont know weather be happy or sad
40.8. A.K. Goyal |   Link |  Bookmark |April 18, 2024 11:58:34 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sold in preopen at 81.25, Now going towards upper circuit. Bad luck
40.9. Mihir Choksi |   Link |  Bookmark |April 18, 2024 12:56:33 PM
@A K GOYAL Sir, not only you, many more have had this experience once or more in this market. lesson learned is more important.
39. abc xyz |   Link |  Bookmark |April 13, 2024 5:11:36 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Those who got this DCG are requested to watch the Konexio network 's video regarding DCG wires before taking any decision.
39.1. IPO FOREVER |   Link |  Bookmark |April 14, 2024 10:11:59 AM
Yes Bhai, company ke future plan too acche hai..but listing per kya kare
38. Sandapaul |   Link |  Bookmark |April 13, 2024 9:09:17 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yaar ek baat samjh nhin aati, aisi small company me IPO ka size itna bada kyun aata h, 50cr bhot bada size hota h and agar yhi size 20cr tak hota to yhi ipo premium de jaata.... Now there will be overhang of supply everytime,,, due to promoters greed retail will suffer....

Subscription was filled only because there was no good IPO open with it.
Negative listing hogi and it will go -15-20% in next 3-4 days....

Big size, bad market condition and low interest in this counter...good luck to allotees, 10% gain to milna chahiye 🙏
37. Vnrao |   Link |  Bookmark |April 13, 2024 7:17:21 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Forget about the premium. listing May also be flat due to correction in Broad Market on Monday. The fundamentals of the Company are very strong, the Company’s products are in great demand with massive expansion of Power industry. Going forward will give decent returns. I would like to hold my lot till getting 30% premium May be around July,24.
36. Jaydeep from Rajkot |   Link |  Bookmark |April 12, 2024 11:49:20 PM
1/1- Teerth gopicon
1/1- DCG
😊
35. Sandapaul |   Link |  Bookmark |April 12, 2024 9:59:32 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
GMP just 2%, those applied taken big risk
35.1. ARJUN'S EYE |   Link |  Bookmark |April 12, 2024 10:40:59 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
वो भी गया....
34. abc xyz |   Link |  Bookmark |April 12, 2024 10:40:09 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Congratulations to the all.
Here one thing is important for applying any ipo.
I always choose the ipo on the basis of it's balance sheet, not on the basis of GMP. The best example are
KP Green
Atmastco
Chatha foods
Royal Sense
Bharti Hexa
& so on.........
Here also the balance sheet & fundamentals of the company is good but the gmp is not good but let's see.