DCG Cables & Wires IPO

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 nameDCG Cables & Wires Limited
Company Websitehttps://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 date08 April 2024
IPO Closing10 April 2024
Basis of Allotment12 April 2024
Initiation Refund15 April 2024
Credit to Demat Account15 April 2024
Listing Date16 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 10, 2024)

DCG Cables & Wires IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹49.99 Cr – 4,999,200 shares
Fresh Issue₹49.99 Cr – 4,999,200 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹100 per share
Lot size1200 Shares
Market Maker portion252,000 shares
Shareholding pre-issue13,150,400
Shareholding post-issue18,149,600
Listing ExchangeNSE SME

DCG Cables & Wires IPO Lot Size

Retail (Min)11200₹120,000
Retail (Max)11200₹120,000
HNI (Min)22,400₹240,000

DCG Cables & Wires IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered252,000 (5.04%)
Other Shares Offered2,373,600 (47.48%)
Retail Shares Offered2,373,600 (47.48%)
Total Shares Offered4,999,200 (100%)

DCG Cables & Wires Financial Performance

 FY 202311M FY 2024
Net income1.728.47
(Amount in ₹ Crores)

DCG Cables & Wires Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio26.95
RONW (%)78.798.3811.22
ROCE (%)78.798.3811.22
EBITDA (%)1.083.316.51

Company Promoters

  • Mr. Devang Patel
  • Mr. Harshadbhai Patel
  • Ms. Ushaben Patel

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding72.45%

DCG Cables & Wires IPO Lead Manager(s)

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

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

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

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