IPO

DCG Wires And Cables Limited IPO

NSE SME

Listed On: Apr 16, 2024 at ₹ 90.0

₹ 240000 /2400 Shares
*Min Investment

Check Allotment

08 Apr, 2024

Open Date

10 Apr, 2024

Close Date

12 Apr, 2024

Allotment Date

16 Apr, 2024

Listing Date
DCG Wires And Cables Limited IPO Issue Details
  • Issue Price ₹100 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 49,99,200 shares(aggregating up to ₹49.99 crore)
  • Fresh Share 49,99,200 shares(aggregating up to ₹49.99 crore)
  • Listing at NSE SME
  • List Price 90.0
  • Listing Date 2024-04-16
  • Lead Manager Interactive Financial Services Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

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

ApplicationLotsSharesAmount
Retail (min)11200₹1,20,000
Retail(max)11200₹1,20,000
NII (min) 22400₹2,40,000
DCG Wires And Cables Limited IPO Reservation

DCG Wires And Cables Limited IPO offers total 4,999,200 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,2,373,600 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered252,000 (5.04%)
Retail Shares Offered2,373,600 (47.48%)
Total Shares Offered4,999,200 (100%)
DCG Wires And Cables Limited IPO Documents
DRHP
RHP
DCG Wires And Cables Limited IPO Details


DCG Wires And Cables Limited IPO is an SME IPO, priced at ₹100 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 49,99,200 equity shares, aggregating up to ₹49.99 crores..

The IPO bidding window is open from Apr 8, 2024 to Apr 10, 2024. The allotment is expected to be finalized on Apr 12, 2024, and the tentative listing date is Apr 16, 2024.

The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.

Interactive Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Nikunj Stock Brokers Limited will act as the market maker for this issue.

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DCG Wires And Cables Limited IPO Subscription Analysis And Details
Retail
20.24x
Total
15.87x
As onQIB / NIIRetailTotal
Shares Offered / Reserved2,373,6002,373,6004,747,200
Day 1 08-04-24 06:00 PM
0.38 x2.92 x1.65 x
Day 2 09-04-24 06:00 PM
2.34 x5.94 x4.14 x
Day 3 10-04-24 06:00 PM
11.50 x20.24 x15.87 x
Total No of Applications
42,926
DCG Wires And Cables Limited Valuations
EPS Pre IPO ₹1.31/-
EPS Post IPO ₹5.09/-
P/E Pre IPO 76.43
P/E Post IPO 19.64
ROE 35.92%
ROCE 59.10%
Debt/Equity 1.09
RoNW 35.79%
PAT Margin 11.09
Price to Book Value 5.57
DCG Wires And Cables Limited Company Financials
In Lakhs
In Lakh
29-Feb-2431-Mar-23
Assets6,152.133,564.12
Revenue7,639.085,455.18
Profit After Tax847.10172.06
Net Worth2,367.151,533.82
Reserves & Surplus1,051.78217.99
Total Borrowing2,569.831,812.27
About DCG Wires And Cables Limited Company

DCG Cables & Wires was established in 2017 as a manufacturer of copper cables and wires for transformer manufacturers in India.

The Company's product list includes Copper Strips, Paper Covered Copper Strips in rectangle and round shapes and various paper-covered copper conductors & connection cables & Wires, kraft/crepe/Nomex/mica, Bare Copper Wires and Strips, Copper Tapes and fiberglass Copper.

The company has three manufacturing facilities at Odhav, Ahmedabad; Kubadthal, Ahmedabad; and Waghodia, Vadodara with a combined capacity of 5,868 MT of bare copper wire and strip, 1,404 MT of paper-coated copper strips and wires, 1,512 MT of cable wires, 5,760 MT of copper rods, 10,080 MT of flat copper wires, 972 MT of submersible wires, and 540 MT of glass fiber-coated copper strips.

At the end of February 29, 2024, it had about 69 employees.

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DCG Wires And Cables Limited - Promoter(s)

Mr. Devang Patel

Mr. Harshadbhai Patel

Ms. Ushaben Patel

Pre Issue Share Holding : 1000%

Post Issue Share Holding : 72.45%

DCG Wires And Cables Limited IPO - Issue Objectives
1

Capital Expenditure for building construction

2

Working capital requirement

3

General Corporate Purpose

4

Meeting Public Issue Expenses.

DCG Wires And Cables Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
DCG Cables & Wires Limited1.31N/A11.5715.5311.238.64Standalone
Cords Cable Industries Ltd.5.52N/A123.1531.924.581.16Standalone
Universal Cables Ltd.18.21N/A203.8730.438.931.08Standalone

Notes:

  1. CMP is as of November 09, 2023.
  2. The P/E Ratio was calculated from financials as of February 29, 2024, sourced from www.nseindia.com.
  3. Considering the nature and size of the business, the peers are not strictly comparable; however, they are included for broad comparison.
  4. CMP of the peer group is based on the closing price as available on www.nseindia.com.
  5. The P/E Ratio for the peer companies has been computed based on the closing market price of respective equity shares as of November 09, 2023, sourced from the Stock Exchange, divided by the Basic/Diluted EPS.
Contact Details

DCG Wires And Cables Limited

12, Agrasen Industrial Estate, Chotalal Ni Chali, Odhav Road,, Ahmedabad -382415

+91 7861804932

dcgcopperindustries@yahoo.com

http://www.dcgcableswiresltd.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html