What you must know about DCG Wires and Cables IPO?

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:

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:

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