DCG Cables & Wires IPO will open for subscription from 08 April 2024. The company aims for an issue size of ₹49.99 Cr through this IPO.
Company Overview
| Full name | DCG Cables & Wires Limited |
| Sector | Electricals |
| Industry | Cables |
| Company Website | https://dcgcableswiresltd.com/ |
About Company
DCG Cables & Wires specializes in crafting copper cables and wires. With a primary focus on manufacturing various types of copper cables used in transformers, the company offers a comprehensive product portfolio. This includes Copper Strips, Paper Covered Copper Strips, and a range of Bare Copper Wires and Strips available in Kraft, Crepe, Nomex, and Mica variations. Additionally, DCG provides Copper Tapes and Fiber Glass Copper, showcasing its dedication to providing diverse and high-quality electrical solutions.
DCG Cables & Wires exclusively operates in the Business-to-Business (B2B) segment. Presently, over 94.81% of its sales originate from Gujarat. Recently, the company expanded its market presence to include Maharashtra and Karnataka regions, contributing approximately 5.16% to the total sales for the period ended 30 September 2023.
As of March 2024, DCG Cables & Wires operates three manufacturing units located in Odhav, Ahmedabad; Kubadthal, Ahmedabad; and Waghodia, Vadodara. These facilities collectively boast a combined installed capacity as follows: 5,868 metric tons (MT) for manufacturing bare Copper wire & Strips, 1,404 MT for Paper Covered Copper Strips & wire, 1,512 MT for Cable Wires, 5,760 MT for Copper Rods, 10,080 MT for Copper Flats, 972 MT for Submersible Wires, and 540 MT for Fiber Glass Covered Copper Strips. As of 29 February 2024, the company has a workforce of approximately 69 employees, encompassing various levels within the organization, including laborers.
The Objectives of the Issue
- Capital Expenditure for building construction,
- Working capital requirement,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
DCG Cables & Wires IPO Timetable
| IPO Opening date | 08 April 2024 |
| IPO Closing | 10 April 2024 |
| Basis of Allotment | 12 April 2024 |
| Initiation Refund | 15 April 2024 |
| Credit to Demat Account | 15 April 2024 |
| Listing Date | 16 April 2024 |
DCG Cables & Wires IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹49.99 Cr – 4,999,200 shares |
| Fresh Issue | ₹49.99 Cr – 4,999,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹100 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 252,000 shares |
| Shareholding pre-issue | 13,150,400 |
| Shareholding post-issue | 18,149,600 |
| Listing Exchange | NSE SME |
DCG Cables & Wires IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
DCG Cables & Wires IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 252,000 (5.04%) |
| Other Shares Offered | 2,373,600 (47.48%) |
| Retail Shares Offered | 2,373,600 (47.48%) |
| Total Shares Offered | 4,999,200 (100%) |
DCG Cables & Wires Financial Performance
| FY 2023 | 11M FY 2024 | |
| Revenue | 54.52 | 76.33 |
| Expenses | 52.25 | 65.07 |
| Net income | 1.72 | 8.47 |
DCG Cables & Wires Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 101.76 | 1.96 | 3.71 |
| PE ratio | – | – | 26.95 |
| RONW (%) | 78.79 | 8.38 | 11.22 |
| NAV | 98.10 | 11.18 | 11.57 |
| ROCE (%) | 78.79 | 8.38 | 11.22 |
| EBITDA (%) | 1.08 | 3.31 | 6.51 |
| Debt/Equity | 14.96 | 5.93 | 1.18 |
Company Promoters
- Mr. Devang Patel
- Mr. Harshadbhai Patel
- Ms. Ushaben Patel
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.45% |
DCG Cables & Wires IPO Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
Office No. 508, Fifth Floor, Priviera,
Nehru Nagar, Ahmedabad – 380 015, Gujarat
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in
DCG Cables & Wires Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
DCG Cables & Wires Contact Details
DCG CABLES & WIRES LIMITED
12, Agrasen Industrial Estate, Chotalal ni Chali,
Odhav Road, Ahmedabad -382415, Gujarat, India
Phone: +91 7861804932
E-mail: dcgcopperindustries@yahoo.com
Website: www.dcgcableswiresltd.com
DCG Cables & Wires IPO Allotment Status
DCG Cables IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
DCG Cables & Wires IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to study the company fundamentally. learn well and make wise decisions.
Happy Investing
