What you must know about DCG Wires and Cables IPO?
swati_rathod
Thu, 04/04/2024 – 18:06
DCG Wire and Cables is an India-based company founded in 2017 that deals with manufactured copper cables and wires for transformer manufacturers. The company holds products like Copper strips and paper-covered copper strips in rectangular and round shapes. Other products like wires made of brass copper wires and strips, copper tapes, and fiberglass copper made of materials like Nomex, crepe, mica, and kraft.
DCG Wire and Cables IPO opens up a subscription on April 8 2024 closing on April 10, 2024. The allotment will be finalized on April 12, 2024. The tentative date for DCG Wire and Cables to be listed on NSE SME is predicted to be Tuesday, April 16, 2024. The company has set a fixed price issue of Rs. 49.99 crores with the same amount of fresh issue size.
Location and employment rate of DCG Wire and Cables:
The company has three manufacturing units based at Odhav Ahmedabad, Kubadthal Ahmedabad, and Waghodia Vadodara. These large manufacturing units can hold:
5,868MT of bare copper strips and wires
1,404MT of paper-coated copper strips and wires
1,512MT of cable wires
5,670MT of copper rods
10,080MT of flat copper wires
972MT of submersible wires
540MT of glass fiber-coated copper strips
The company declared they have a team size of 69 people as of 29 February 2024. The company was converted to a public limited on August 11, 2023.
Important Details of DCG Wire and Cables:
The company aims at building capital expenditure for working capital requirements meeting the issues of public expenses for a general corporate purpose. To fulfill this objective the company needs to grow its financial assets. As of February 29, 2024, the financial status of the company was:
Rs 10 per share
Face Value
Rs 100 per share
Price
1200 shares
Lot Size
49.99 crore (approx)
Total issue size
13,150,400
Shareholding pre-issue
18,149,600
Shareholding post issue
2,367.15 lakhs
Net worth
847.10 lakhs
Profit after tax
7,639.08 lakhs
Revenue
2,569.83 lakhs
Borrowing
6,152.13 lakhs
Assets
For DCG Wire and Cables, the book-running lead manager is Interactive Financial Service Limited. Bigshare Services Pvt Ltd is the registrar for the issue while Nikunj Stock Brokers is the market maker for the company.
Important dates for DCG Wire and Cables:
As DCG Wire and Cables is performing well in the market This year is going to be crucial for the company with some important dates scheduled in April. These important dates for the company are:
DAY & DATES
IMPORTANT EVENTS
Monday, April 8, 2024
IPO opening date
Wednesday, April 10, 2024
IPO closing date
Friday, April 12, 2024
Basis of Allotment
Monday, April 15, 2024
Initiation of Refunds
Monday, April 15, 2024,
A credit of Shares to Demat
Tuesday, April 16, 2024
Listing date
Some leading promoters of DCG Wire and Cables are Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel who have worked industriously to build the market capitalization of the company to Rs. 181.5 crore
News
Thu, 04/04/2024 – 18:09
What you must know about DCG Wires and Cables IPO?
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.
What you must know about DCG Wires and Cables IPO?
swati_rathod
Thu, 04/04/2024 – 18:06
Tanushree Jaiswal
DCG Wire and Cables is an India-based company founded in 2017 that deals with manufactured copper cables and wires for transformer manufacturers. The company holds products like Copper strips and paper-covered copper strips in rectangular and round shapes. Other products like wires made of brass copper wires and strips, copper tapes, and fiberglass copper made of materials like Nomex, crepe, mica, and kraft.
DCG Wire and Cables IPO opens up a subscription on April 8 2024 closing on April 10, 2024. The allotment will be finalized on April 12, 2024. The tentative date for DCG Wire and Cables to be listed on NSE SME is predicted to be Tuesday, April 16, 2024. The company has set a fixed price issue of Rs. 49.99 crores with the same amount of fresh issue size.
Location and employment rate of DCG Wire and Cables:
The company has three manufacturing units based at Odhav Ahmedabad, Kubadthal Ahmedabad, and Waghodia Vadodara. These large manufacturing units can hold:
5,868MT of bare copper strips and wires
1,404MT of paper-coated copper strips and wires
1,512MT of cable wires
5,670MT of copper rods
10,080MT of flat copper wires
972MT of submersible wires
540MT of glass fiber-coated copper strips
The company declared they have a team size of 69 people as of 29 February 2024. The company was converted to a public limited on August 11, 2023.
Important Details of DCG Wire and Cables:
The company aims at building capital expenditure for working capital requirements meeting the issues of public expenses for a general corporate purpose. To fulfill this objective the company needs to grow its financial assets. As of February 29, 2024, the financial status of the company was:
Rs 10 per share
Face Value
Rs 100 per share
Price
1200 shares
Lot Size
49.99 crore (approx)
Total issue size
13,150,400
Shareholding pre-issue
18,149,600
Shareholding post issue
2,367.15 lakhs
Net worth
847.10 lakhs
Profit after tax
7,639.08 lakhs
Revenue
2,569.83 lakhs
Borrowing
6,152.13 lakhs
Assets
For DCG Wire and Cables, the book-running lead manager is Interactive Financial Service Limited. Bigshare Services Pvt Ltd is the registrar for the issue while Nikunj Stock Brokers is the market maker for the company.
Important dates for DCG Wire and Cables:
As DCG Wire and Cables is performing well in the market This year is going to be crucial for the company with some important dates scheduled in April. These important dates for the company are:
DAY & DATES
IMPORTANT EVENTS
Monday, April 8, 2024
IPO opening date
Wednesday, April 10, 2024
IPO closing date
Friday, April 12, 2024
Basis of Allotment
Monday, April 15, 2024
Initiation of Refunds
Monday, April 15, 2024,
A credit of Shares to Demat
Tuesday, April 16, 2024
Listing date
Some leading promoters of DCG Wire and Cables are Mr. Devang Patel, Mr. Harshadbhai Patel, and Ms. Ushaben Patel who have worked industriously to build the market capitalization of the company to Rs. 181.5 crore
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Thu, 04/04/2024 – 18:09
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What you must know about DCG Wires and Cables IPO?
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What you must know about DCG Wires and Cables IPO?
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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What you must know about DCG Wires and Cables IPO?
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DCG Wire and Cables IPO opens up a subscription on April 8 2024 closing on April 10, 2024. The allotment will be finalized on April 12, 2024. The tentative date for DCG Wire and Cables to be listed on NSE SME is predicted to be Tuesday, April 16, 2024.
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