IPO Details
Bidding Dates
08 Apr '24 - 10 Apr '24
Minimum Investment
₹ 1,20,000 / 1 Lot ( 1600 Shares )
Price Range
₹100
Maximum Investment
₹ 1,20,000 / 1 Lot ( 1600 Shares )
Retail Discount
To be announced
Issue Size
₹49.99 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Apr 8, 2024
Closing Date
Apr 10, 2024
Basis of Allotment
Apr 12, 2024
Initiation of Refunds
Apr 15, 2024
Credit of Shares to Demat
Apr 15, 2024
Listing Date
Apr 16, 2024
Cut-off time for UPI mandate confirmation
Apr 10, 2024
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Apr 8, 2024 |
0.38x | 2.92x | 1.65x |
Day 2Apr 9, 2024 |
2.25x | 6.11x | 4.18x |
Day 3Apr 10, 2024 |
11.39x | 20.24x | 16.16x |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 11.39 |
| Retail Investors | 20.24 |
| Total | 16.16 |
About DCG Wires And Cables Ltd
DCG Cables & Wires, established in 2017, specialises in producing copper cables and wires designed primarily for transformer manufacturers across India.
The company's diverse range of products includes Copper Strips, Rectangular and Round Paper Covered Copper Strips, various paper-coated copper conductors, connection cables, and wires made of materials like kraft, crepe, nomex, and mica. Additionally, they produce Bare Copper Wires and Strips, Copper Tapes, and Fiber Glass Covered Copper Strips.
The production capacities at DCG are substantial, with facilities capable of producing 5,868 metric tons of Bare Copper Wire & Strips, 1,404 metric tons of Paper Covered Copper Strips & Wire, 1,512 metric tons of Cable Wires, 5,760 metric tons of Copper Rods, 10,080 metric tons of Copper Flats, 972 metric tons of Submersible Wires, and 540 metric tons of Fiber Glass Covered Copper Strips.
The company prides itself on using advanced machinery that not only meets the specific needs of their clients but also keeps production costs competitive. As of the date this information was published, DCG Cables & Wires has earned the ISO 9001: 2015 Certification for its Quality Management System, awarded by Optimum Certifications Inc.
In an expansion effort, DCG is in the process of constructing a new manufacturing plant in Bhayala, Bavla, Gujarat. This new site, covering over 8,308 square meters, is leased from the company's Promoter Director, Mr. Devang Patel, for a term of seven years starting November 20, 2023.
The strategic plan includes the gradual relocation of all existing manufacturing operations to this new site to enhance administration, increase efficiency, and optimise costs.
As of February 29, 2024, DCG Cables & Wires employs approximately 69 individuals.
Industry Outlook
- In FY23, India's manufacturing exports reached a record ₹35.96 lakh crore, marking a 6.03% increase over the previous year's ₹33.89 lakh crore.
- By 2030, the Indian middle class is projected to constitute 17% of global consumption, becoming the world's second largest consumer group.
DCG Wires And Cables Ltd IPO Details
DCG Wires And Cables Ltd IPO Dates
DCG Wires And Cables IPO is open from April 8, 2024, to April 10, 2024. The IPO will be listed on NSE Emerge.
DCG Wires And Cables Ltd IPO Price Band
DCG Wires And Cables is a fixed price issue. The price band is set at ₹100 per share.
DCG Wires And Cables Ltd IPO Lot Size
The lot size for DCG Wires And Cables Limited’s IPO is 1,200 shares with a minimum investment of ₹1,20,000.
DCG Wires And Cables Ltd IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Capital Expenditure for building construction,
- Working capital requirement,
- General Corporate Purpose, and
- Meeting Public Issue Expenses
Peer Details
The following are the listed peers of DCG Wires And Cables:
- Cords Cable Industries Limited
- Universal Cables Limited
How To Check the Allotment Status of the DCG Wires And Cables Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of DCG Wires And Cables Ltd
Registered office: 12, Agrasen Industrial Estate, Chotalal Ni Chali, Odhav Road, Ahmedabad -382415, Gujarat, India
Phone: +91 7861804932
E-mail: dcgcopperindustries@yahoo.com
IPO Financials
| Particulars | As at February 29, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Revenue (in ₹ lakh) | 7,633.22 | 5,452.47 | 2,769.16 | 1,462.09 |
| Profit After Tax (PAT) (in ₹ lakh) | 847.11 | 172.11 | 37.13 | 10.18 |
| Cash & Cash Equivalents (in ₹ lakh) | 221.01 | 53.85 | 178.24 | 21.11 |
| Net Worth (in ₹ lakh) | 2,367.15 | 1,533.82 | 443.69 | 13.14 |
| Debt to Equity Ratio(x) | 1.09 | 1.18 | 5.93 | 14.96 |
| Return on Equity (%) | 35.92% | 11.31% | 8.42% | 106.15% |
| Return on Capital Employed (RoCE) (%) | 59.10% | 11.22% | 8.38% | 78.79% |
| Earning Per Share (EPS)-in absolute ₹ | 6.44 | 3.71 | 1.97 | 104.00 |
Know before investing
Strengths
3-
DCG Wires And Cables Limited ensures all products surpass industry standards, investing in advanced testing for reliable and consistent quality.
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The company excels in providing custom cable solutions tailored to specific client needs, supported by a skilled engineering team.
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By securing materials at competitive prices through trusted supplier partnerships, DCG offers cost-effective pricing and potential for stable long-term contracts despite raw material price volatility.
Risks
4-
DCG Wires And Cables Limited risks breaching bank terms by hypothecating assets to SG Finserve Limited without NOC from State Bank of India, risking a recall of a ₹1,500 lakh loan.
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The company has failed to timely register and deposit PF and ESIC since FY 2021-22, risking disciplinary actions and financial penalties, which could impact financial stability.
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The Odhav factory and registered office lease could end without renewal after 11 months and 29 days from August 2023, potentially disrupting operations and impacting profitability.
-
Additional factories in Kubadthal and Waghodia are on leases that might not renew after their respective terms, risking production delays and additional costs in relocating.
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DCG Wires And Cables Ltd IPO FAQs
DCG Wires And Cables IPO is a book-built IPO. The IPO will be open from April 8, 2024 to April 10, 2024.
The Basis of Allotment will happen on Monday, April 15, 2024.
The IPO subscription window will open on April 8, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares.
The listing date for DCG Wires And Cables is Friday, April 16, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
