DCG Cables & Wires Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹100 - ₹100
- Lot size
- 1,200 shares
- Issue amount
- ₹49.99 cr
- Total subscription
- 15.87×
- Opens
- 8 Apr 2024
- Closes
- 10 Apr 2024
- Allotment
- 12 Apr 2024
- Listing
- 16 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 49,99,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹49.99 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,31,50,400
- Shares after issue
- 1,81,49,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,20,000 |
| HNI | 2 | 2,400 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 23.74 | 480.43 |
| NIB | 23.74 | 272.88 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.44 | 1.31 | 0.94 |
| ROE | 35.92 | 11.31 | 8.42 |
| ROCE | 59.1 | 11.22 | 8.38 |
| RONW | 35.79 | 11.22 | 8.38 |
| PRE IPO(PE) | 5.57 | 0 | 0 |
| POST IPO(PE) | 76.34 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
DCG Wires And Cables Limited, established in 2017, has emerged as a leading manufacturer of copper cables and wires in India, catering primarily to transformer manufacturers. Its diverse product range includes Copper Strips, Paper Covered Copper Strips in various shapes, paper-covered copper conductors, connection cables, and specialty wires such as kraft, crepe, nomex, and mica. With three advanced manufacturing facilities in Odhav, Kubadthal, and Waghodia, the company demonstrates strong production capabilities and a commitment to quality. Backed by a skilled workforce of approximately 69 employees, DCG Wires And Cables Limited continues to uphold its reputation for excellence and efficiency in the Indian copper wire and cable industry.
Strengths
- Risk Management in Diversification: The company must ensure thorough planning, strategic partnerships, and regulatory compliance to navigate its new business ventures successfully.
- Cash Flow Optimization: Addressing historical negative cash flows through efficient working capital management, cost controls, and revenue diversification is essential to maintain liquidity and financial stability.
- Strengthening Core Operations: Maintaining excellence in its primary business of copper conductors while expanding cautiously can help balance risk and reward.
Risk factors
- Regulatory Compliance Issues: The failure to obtain an NOC from SBI and the absence of a registered office could lead to legal complications, financial penalties, and reputational damage. Ensuring compliance with banking and statutory requirements should be a priority.
- Geographical Limitation: The company's restricted operations within Gujarat limit its expansion potential. Diversifying into other regions could mitigate risks tied to local market fluctuations and regulatory changes.
- Operational Efficiency: Without a registered office, managing business operations and communication with stakeholders could be challenging. Establishing a compliant office setup may enhance governance and business efficiency.
Promoters
Mr. Devang Patel
Mr. Harshadbhai Patel
Ms. Ushaben Patel
Registrar & documents
Lead manager
Interactive Financial Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
12, Agrasen Industrial Estate, Chotalal Ni Chali, Odhav Road,, Ahmedabad -382415
+91 7861804932
[email protected]Company website ↗Understanding DCG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.