DCG Wires And Cables Limited IPO

Price
₹100
Lot
1200
Subs.
16.96
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 08-Apr-2024
Close Date: 10-Apr-2024
Allotment Date: 12-Apr-2024
Listing Date: 16-Apr-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹100 Per Equity Share
Issue Size: Total Issue Size 4,999,200 shares (aggregating up to ₹49.99 Cr) : Fresh Issue 4,999,200 shares (aggregating up to ₹49.99 Cr)
Market Lot (Min Amount): Retail - ₹120,000 : HNI - ₹240,000
Subscription Details Updated at End of the Day

As on

Others

Rll

Total

Shares Offered/Reserved2,373,6002,373,6004,747,200
Day 1 - 08-04-24 
05:00 PM
0.38x2.92x1.65x
Day 2 - 09-04-24 
05:00 PM
2.25x6.11x4.18x
Day 3 - 10-04-24 
05:00 PM
11.53x21.70x16.96x
Total No. of Application:42,926 (Approx.)
Retail Subscription on the basis of Apps:21.70x
Valuations

Earning Per Share(EPS)1.31/-
P/E Ratio76.34
RoNW35.79%
Net Asset Value (NAV) - Post Issue:11.57/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
29 Feb,20246,152.137,639.08847.10
31 Mar,20233,564.125,455.18172.06
31 Mar,2022  37.24
31 Mar,2021  10.40
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding72.45%
Company Promoter(s)
1. Mr. Devang Patel
2. Mr. Harshadbhai Patel
3. Ms. Ushaben Patel
Issue Objective(s)

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.
About Company

DCG Wires And Cables Limited 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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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