DCG Cables And Wires IPO Subscribed 16.16 times
swati_rathod
Wed, 04/10/2024 – 15:42
DCG Cables & Wires IPO, a fixed price issue of Rs 49.99 crores, comprises an entirely fresh issue of 49.99 lakh shares.
DCG Cables & Wires IPO commenced subscription on April 8, 2024, and concludes today, April 10, 2024. The allotment for DCG Cables & Wires IPO is set to be finalized on Friday, April 12, 2024. DCG Cables & Wires IPO is slated to list on NSE SME, with a tentative listing date scheduled for Tuesday, April 16, 2024.
DCG Cables & Wires IPO ‘s price of shares is fixed at ₹100 per share. The minimum lot size for application stands at 1200 shares, requiring a minimum investment of ₹120,000 for retail investors. HNIs are required to invest in a minimum of 2 lots (2,400 shares), amounting to ₹240,000.
Interactive Financial Services Ltd is the book running lead manager of the DCG Cables & Wires IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DCG Cables & Wires IPO is Nikunj Stock Brokers.
DCG Cables & Wires IPO Subscription Status
DCG Cables & Wires IPO subscribed 16.16 times. The public issue subscribed 20.24 times in the retail category, [.] times in QIB, and 11.39 times in the NII category by April 10, 2024 5:24:33 PM.
Investor Category
Subscription (times)
Shares Offered
Shares bid for
Total Amount (Rs Cr.)
Market Maker
1
2,52,000
2,52,000
2.52
Non-Institutional Buyers
11.39
23,73,600
2,70,36,000
270.36
Retail Investors
20.24
23,73,600
4,80,43,200
480.43
Total
16.16
47,47,200
7,67,30,400
767.30
Total Application : 40,036
DCG Cables & Wires IPO was oversubscribed by 16.16 times, indicating significant investor interest in the offering.
– The retail category saw the highest subscription rate, with a subscription of 20.24 times, showcasing strong retail investor demand.
– Non-Institutional Buyers (NII) also showed substantial interest, subscribing 11.39 times.
– Market Maker subscription stood at 1 time, indicating modest participation from this category.
– The total number of shares bid for exceeded the shares offered, indicating oversubscription across all investor categories.
– The total amount raised through the IPO was Rs 767.30 crores.
– A total of 40,036 applications were received for the IPO, further reflecting the widespread interest among investors.
Overall, the IPO’s robust subscription rates suggest positive market sentiment and confidence in DCG Cables & Wires’ prospects.
DCG Cables & Wires IPO Allocation Quota for Various Categories
Investor Category
Shares Allocated in IPO
Market Maker Shares
252,000 shares (5.04% of total issue size)
Other Allocation Portion
2,373,600 shares (47.48% of total issue size)
Retail Shares Offered
2,373,600 shares (47.48% of total issue size)
Total Shares Offered
4,999,200 shares (100.00% of total issue size)
Data Source: NSE
The DCG Cables & Wires IPO offers a total of 4,999,200 equity shares to the public. Among these, 2,373,600 shares are allocated to retail investors, representing 47.48% of the total offering.
Additionally, the same number of shares, 2,373,600, is available to other investors, which include high net worth individuals (HNIs), corporates, and institutions. Market makers are allocated 252,000 shares, constituting 5.04% of the total offering.
Overall, the IPO aims to raise Rs 49.99 crores, with each category contributing proportionally to the total amount raised.
DCG Cables & Wires IPO Subscription Details (times)
Date
NII
Retail
Total
Day 1
Apr 8, 2024
0.38
2.92
1.65
Day 2
Apr 9, 2024
2.25
6.11
4.18
Day 3
Apr 10, 2024
11.39
20.24
16.16
The Key Takeaways are:
Day 1 (Apr 8, 2024): Strong retail interest with moderate NII participation; overall subscription at 1.65 times.
Day 2 (Apr 9, 2024): Growing NII interest alongside robust retail demand; overall subscription reaches 4.18 times.
Day 3 (Apr 10, 2024): Significant surge in NII participation; retail demand remains high; overall subscription peaks at 16.16 times.
News
Wed, 04/10/2024 – 15:42
DCG Cables And Wires IPO Subscription Status
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
DCG Cables And Wires IPO Subscribed 16.16 times
swati_rathod
Wed, 04/10/2024 – 15:42
Tanushree Jaiswal
DCG Cables & Wires IPO, a fixed price issue of Rs 49.99 crores, comprises an entirely fresh issue of 49.99 lakh shares.
DCG Cables & Wires IPO commenced subscription on April 8, 2024, and concludes today, April 10, 2024. The allotment for DCG Cables & Wires IPO is set to be finalized on Friday, April 12, 2024. DCG Cables & Wires IPO is slated to list on NSE SME, with a tentative listing date scheduled for Tuesday, April 16, 2024.
DCG Cables & Wires IPO ‘s price of shares is fixed at ₹100 per share. The minimum lot size for application stands at 1200 shares, requiring a minimum investment of ₹120,000 for retail investors. HNIs are required to invest in a minimum of 2 lots (2,400 shares), amounting to ₹240,000.
Interactive Financial Services Ltd is the book running lead manager of the DCG Cables & Wires IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DCG Cables & Wires IPO is Nikunj Stock Brokers.
DCG Cables & Wires IPO Subscription Status
DCG Cables & Wires IPO subscribed 16.16 times. The public issue subscribed 20.24 times in the retail category, [.] times in QIB, and 11.39 times in the NII category by April 10, 2024 5:24:33 PM.
Investor Category
Subscription (times)
Shares Offered
Shares bid for
Total Amount (Rs Cr.)
Market Maker
1
2,52,000
2,52,000
2.52
Non-Institutional Buyers
11.39
23,73,600
2,70,36,000
270.36
Retail Investors
20.24
23,73,600
4,80,43,200
480.43
Total
16.16
47,47,200
7,67,30,400
767.30
Total Application : 40,036
DCG Cables & Wires IPO was oversubscribed by 16.16 times, indicating significant investor interest in the offering.
– The retail category saw the highest subscription rate, with a subscription of 20.24 times, showcasing strong retail investor demand.
– Non-Institutional Buyers (NII) also showed substantial interest, subscribing 11.39 times.
– Market Maker subscription stood at 1 time, indicating modest participation from this category.
– The total number of shares bid for exceeded the shares offered, indicating oversubscription across all investor categories.
– The total amount raised through the IPO was Rs 767.30 crores.
– A total of 40,036 applications were received for the IPO, further reflecting the widespread interest among investors.
Overall, the IPO’s robust subscription rates suggest positive market sentiment and confidence in DCG Cables & Wires’ prospects.
DCG Cables & Wires IPO Allocation Quota for Various Categories
Investor Category
Shares Allocated in IPO
Market Maker Shares
252,000 shares (5.04% of total issue size)
Other Allocation Portion
2,373,600 shares (47.48% of total issue size)
Retail Shares Offered
2,373,600 shares (47.48% of total issue size)
Total Shares Offered
4,999,200 shares (100.00% of total issue size)
Data Source: NSE
The DCG Cables & Wires IPO offers a total of 4,999,200 equity shares to the public. Among these, 2,373,600 shares are allocated to retail investors, representing 47.48% of the total offering.
Additionally, the same number of shares, 2,373,600, is available to other investors, which include high net worth individuals (HNIs), corporates, and institutions. Market makers are allocated 252,000 shares, constituting 5.04% of the total offering.
Overall, the IPO aims to raise Rs 49.99 crores, with each category contributing proportionally to the total amount raised.
DCG Cables & Wires IPO Subscription Details (times)
Date
NII
Retail
Total
Day 1
Apr 8, 2024
0.38
2.92
1.65
Day 2
Apr 9, 2024
2.25
6.11
4.18
Day 3
Apr 10, 2024
11.39
20.24
16.16
The Key Takeaways are:
Day 1 (Apr 8, 2024): Strong retail interest with moderate NII participation; overall subscription at 1.65 times.
Day 2 (Apr 9, 2024): Growing NII interest alongside robust retail demand; overall subscription reaches 4.18 times.
Day 3 (Apr 10, 2024): Significant surge in NII participation; retail demand remains high; overall subscription peaks at 16.16 times.
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Wed, 04/10/2024 – 15:42
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DCG Cables And Wires IPO Subscription Status
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DCG Cables And Wires IPO Subscription Status
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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DCG Cables & Wires IPO subscribed 16.16 times. The public issue subscribed 20.24 times in the retail category, [.] times in QIB, and 11.39 times in the NII category by April 10, 2024 5:24:33 PM.
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