DCG Wires And Cables was incorporated on 29 September 2017. The company is in the manufacturing of copper cables and wires. Its primary focus is on manufacturing different types of copper cables which find application in transformers.
| Bidding Dates |
|---|
| 08 Apr 2024 - 10 Apr 2024 |
| Subscription |
|---|
| 15.83x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 5.0 M | ₹100 | 72.45 % | ₹499.9 M | RHP DOC |
DCG Cables & Wires IPO SUBSCRIPTION STATUS
10 Apr '24DCG Cables & Wires IPO overall subscription rate was 15.83 times the total available shares
DCG Cables & Wires IPO retail subscription rate was 20.61 times in the retail segment
DCG Cables & Wires IPO non-institutional investor subscription rate was 11.05 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
10 Apr 2024 (Day 3) | 20.61x | 11.05x | - |
09 Apr 2024 (Day 2) | 5.65x | 2.23x | - |
08 Apr 2024 (Day 1) | 2.66x | 0.35x | - |
DCG Cables & Wires FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 11MFY24 | 84.7 | 763.3 | 32.9 | -31.4 |
| FY23 | 17.2 | 545.2 | -155.4 | -208.5 |
DCG Cables & Wires IPO SUBSCRIPTION STATUS DETAILS
DCG Cables & Wires had 5.0 M shares on offer
DCG Cables & Wires IPO offer price was ₹100
DCG Cables & Wires IPO minimum Investment was ₹120000
DCG Cables & Wires IPO issue size was ₹ 499.9 M
DCG Cables & Wires had a minimum lot size of 1200 Shares per application
DCG Cables & Wires NUMBER OF SHARES ON OFFER
DCG Cables & Wires IPO IMPORTANT DATES
| Issue Open Date | 08 Apr 2024 |
| Issue close Date | 10 Apr 2024 |
| Allotment Date | 12 Apr 2024 |
| Refund Date | 15 Apr 2024 |
| Demat Account Credit Date | 15 Apr 2024 |
| Listing Date | 16 Apr 2024 |
| Listing on Exchange(s) | NSE |
| DCG Cables & Wires Allotment Status | Exchange |
DCG Cables & Wires IPO subscription opened on 08 Apr 2024, and closed on 10 Apr 2024
IPO allotment for DCG Cables & Wires was finalized on Friday, 12 Apr 2024
IPO listing for DCG Cables & Wires was on NSE on Tuesday, 16 Apr 2024
DCG Cables & Wires IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 85.5 |
| Listing Gain% | -10.0% |
| Current Gain% | -44.4% |
DCG Cables & Wires Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DCG Cables & Wires Ltd. | 55.6 | 101 | 11.7 | 1.7 | 0.6 | 9.8 | 5.3 | 163.7 | 27.2 | 8.7 | 6.8 | 4.8 | 6.8 |
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
DCG Cables & Wires INFORMATION ON IPO ISSUE
About DCG Cables & Wires
DCG Wires And Cables was incorporated on 29 September 2017. The company is in the manufacturing of copper cables and wires. Its primary focus is on manufacturing different types of copper cables which find application in transformers.
Object of the Issue
- Capital expenditure for building construction
- Working capital requirement
- General corporate purpose
- Meeting public issue expenses
DCG Cables & Wires - PROMOTERS
| Name |
|---|
| Devang Patel |
| Harshadbhai Patel |
| Ushaben Patel |
DCG Cables & Wires Lead Manager of the Issue
Interactive Financial Services Limited
mbd@ifinservices.in
DCG Cables & Wires Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
DCG Cables & Wires Strengths
Product quality
The company focuses on the quality of the product, and for that reason, its cables and wires are known for their excellent conductivity, durability, and reliability, making them a preferred choice for industries where performance is critical
Competitive pricing
The company has cultivated strong, long-term relationships with its suppliers. By negotiating favorable terms and maintaining a good rapport with suppliers, it has secured raw materials and components at competitive prices, further contributing to its ability to offer attractive pricing to clients
DCG Cables & Wires Risks
Dependent on limited customers
The company has a limited number of customers. For the stub period from April 2023 to February 2024, 75.8% of sales were attributed to the Top 10 buyers. In the financial years FY21, FY22, and FY23, sales were confined to only the Top 10 buyers, accounting for 41.2%, 47.9%, and 81.9% respectively
Outstanding litigation
There is one outstanding litigation against the company. If determined against it, it could adversely impact its financial condition
IPO FAQs
The promoters of the company are Devang Patel, Harshadbhai Patel and Ushaben Patel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 100.0 - 100.0.
The IPO application opens on Apr 08, 2024 and closes on Apr 10, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Apr 12, 2024.
The refund will be credited to your account on Apr 15, 2024.
The allotted shares will be credited to your demat on Apr 15, 2024.
DCG Cables & Wires Ltd.’s shares listed on the stock exchanges on Apr 16, 2024.