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DCG Wires and Cables Limited IPO Details

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DCG Wires and Cables Limited Product Portfolio, financial highlights, IPO details, and more

In the heart of Ahmedabad, Gujarat, a company is making waves in the electrical industry with its innovative products and unwavering commitment to quality. DCG Wires and Cables Limited, founded in 2017, has quickly emerged as a leading manufacturer of copper cables, catering to critical applications in transformers and beyond. In this comprehensive blog post, we delve deep into the workings of DCG Wires and Cables Limited, exploring its product portfolio, financial highlights, IPO details, and more.

Company Overview

DCG Wires and Cables Limited has established its headquarters in Ahmedabad, Gujarat, strategically positioning itself at the center of India’s industrial landscape. Since its inception, the company has been dedicated to producing high-quality copper cables, essential components in various electrical applications. Let’s take a closer look at some key aspects of DCG Wires and Cables Limited:

  • Incorporation Date: September 29, 2017
  • Location: Ahmedabad, Gujarat
  • Classification: Public limited company
  • Authorized Share Capital: ₹20.00 crore
  • Total Paid-Up Capital: ₹13.15 crore
  • Current Status: Active
  • Last Reported AGM: September 30, 2022

Product Portfolio

  1. Copper Strips: DCG specializes in manufacturing copper strips utilized in diverse electrical applications.
  2. Paper-Covered Copper Strips: These strips, available in rectangular and round shapes, serve as vital components in transformers, ensuring efficient energy transmission.
  3. Multiple Paper-Covered Copper Conductors and Connection Cables: These products are integral to the construction of robust electrical circuits, facilitating seamless power distribution.
  4. Wires (Kraft/Crepe/Nomex/Mica): DCG offers an array of wires tailored to specific requirements, catering to a wide range of applications.
  5. Bare Copper Wires and Strips: Widely utilized in electrical and electronic devices, bare copper wires and strips manufactured by DCG ensure reliable conductivity.
  6. Copper Tapes: These tapes find extensive applications in grounding and shielding, providing essential protection against electrical interference.

Financial Highlights

  • Authorized Share Capital: INR 20.00 crore
  • Total Paid-Up Capital: INR 13.15 crore
  • Current Status: Active
  • Last Reported AGM: September 30, 2022

Directors

The leadership of DCG Wires and Cables Limited is steered by visionary individuals dedicated to driving the company towards excellence. Among the directors are:

  • Ushaben Harsadbhai Patel: Director Profile

    • Director Identification Number (DIN): 7628958
    • Number of Directorships: Ushaben holds directorship in two Indian companies.
    • Current Role: Director at DCG Wires and Cables Limited.

  • Harshadbhai Bhogilal Patel: Director Profile

    • Director Identification Number (DIN): 7628958
    • Number of Directorships: Harshadbhai holds directorship in two Indian companies.
    • Current Role: Director at DCG Wires and Cables Limited.
  • Others

Corporate Identification Number (CIN)

  • CIN: U36999GJ2017PLC099290

Registered Office

  • Address: 12, Agrasen Industrial Estate, Chotalal ni Chali, Odhav Road, Ahmedabad, Gujarat.

DCG Wires and Cables Limited IPO Details Price, Allotment Date & Issue Size

In its quest for expansion and growth, DCG Wires and Cables Limited has announced an Initial Public Offering (IPO) to attract investment and fuel its ambitious plans. Here are the pertinent details of the IPO:

  • IPO Price: Fixed at ₹100 per share
  • Total Issue Size: 4,999,200 shares (aggregating up to ₹49.99 crore)
  • Issue Type: Fixed Price Issue
  • Listing Exchange: NSE SME
  • Allotment Date: Expected on Friday, April 12, 2024
  • Tentative Listing Date: Tuesday, April 16, 2024

Investor Categories and Lot Sizes

Retail Individual Investors (RIIs):

  • Minimum Application: 1,200 shares (₹120,000)
  • Maximum Application: 1,200 shares (₹120,000)

Others:

  • Minimum Application: 2 lots (2,400 shares) (₹240,000)

Book Running Lead Manager

  • Interactive Financial Services Ltd : Interactive Financial Services Limited (IFSL) is a listed public company incorporated on October 24, 1994. It operates in the finance sector and is registered with the Reserve Bank of India (RBI) as a non-banking financial company (NBFC).

Registrar for the Issue

  • Bigshare Services Pvt Ltd :

Bigshare Services Pvt Ltd is an ISO certified company that offers Registrar and Transfer Agent (RTA) and Initial Public Offering (IPO)                                  services.

  • Company Overview

    • Services Provided:

      • Registrar and Transfer Agent (RTA): Bigshare Services Pvt Ltd acts as an intermediary between companies and their shareholders. They manage share registry services, including maintaining records of shareholders, processing share transfers, and handling other related tasks.
      • IPO Services: Bigshare assists companies during their IPO process, including allotment of shares, refunds, and other administrative tasks.
      • Corporate Action Services: This includes managing corporate events such as dividends, bonus issues, and rights offerings.
      • ISIN Creation Services: ISIN (International Securities Identification Number) is a unique identifier for securities. Bigshare helps companies obtain ISINs for their financial instruments.
      • Payments Processing: Handling payments related to share transactions.
      • Outsourced Services: Providing specialized services to companies in the financial sector.
      • Primary Market Activities: Assisting companies with their primary market offerings.

    • ISO Certification:

      • Bigshare Services Private Limited conforms to the highest standards of Quality and Information Security in its processes.
      • Accredited for ISO 9001:2015 (Quality Management Systems) and ISO 27001:2013 (Information Security Management System) by Accreditation Services for Certifying Bodies (Europe) Limited.
      • This certification assures customers and stakeholders of the company’s commitment to excellence and security.

    Customer Success Stories

    • Garware Marine Industries Ltd.: Bigshare’s services were recommended for delivering the best services with a supportive staff and user-friendly online services.
    • Jet Infraventure Limited: Bigshare’s team was praised for being easy to approach and quick to respond.
    • Omkar Chemicals: The association with Bigshare was appreciated, and the staff was found cooperative and helpful.

Market Maker

  • Nikunj Stock Brokers :Well-established Fee-Based Stock Broking House with over two decades of experience. As part of the NIKUNJ Group of Companies, they offer a comprehensive range of financial services, including:
    1. Online Trading: Providing both online and offline trading options across various segments.
    2. Demat Account Services: As a Depository Participant (DP) of India’s largest depository, NSDL, Nikunj Stock Brokers ensures timely and efficient services for dematerialized accounts.
    3. Equity Derivatives: Offering trading in equity derivatives.
    4. Currency Derivatives: Facilitating currency derivative trading on NSE for pairs permitted by RBI and SEBI.
    5. Commodity Derivatives: As a member of MCX (the energy exchange), they provide a platform for trading metals (gold, silver, copper, aluminum, nickel, zinc) and energy products (crude oil and natural gas).

Disclaimer

Investing in the stock market involves risks and requires careful consideration. It is essential to conduct thorough research and seek professional advice before making any investment decisions. Investors are advised to refer to the official prospectus (Red Herring Prospectus) for detailed information on the IPO.

Conclusion,

DCG Wires and Cables Limited stands as a beacon of innovation and reliability in the electrical industry. With its diverse product portfolio, strong financial footing, and upcoming IPO, the company is poised for a promising future, driving growth and progress in India’s electrification journey.

STOCK MARKET

Upcoming IPOs: Bharti Hexacom Listing and More

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 Upcoming IPOs Next Week: Bharti Hexacom Listing and SME Opportunities

After the grand debut of Bharti Hexacom to mark the beginning of the fiscal year, the primary market is poised to continue its momentum with three new SME issues set to hit the market. While the mainboard IPOs take a brief hiatus, the SME segment remains active, offering investors fresh opportunities to diversify their portfolios.

1. Bharti Hexacom’s listing 

After garnering an impressive subscription rate of nearly 30 times, Bharti Hexacom’s IPO is poised for its listing next week. This highly anticipated event not only signifies the company’s successful fundraising but also underscores investor confidence in its growth prospects. As one of the leading players in the telecommunications sector, Bharti Hexacom’s listing is expected to draw significant interest from institutional and retail investors alike.

SME Segment Continues to Shine

While no new mainboard IPOs are opening next week, the SME (Small and Medium Enterprises) segment remains active.

Here are the highlights:

2. Teerth Gopicon SME IPO:

Teerth Gopicon, an engineering construction and development company operating primarily in Madhya Pradesh, is set to launch its IPO from April 8 to April 10. With a price band of Rs 111 per share, the company aims to raise funds for its expansion plans and capital expenditure. The IPO comprises a fresh equity sale of 39.9 lakh shares, with 50% reserved for retail investors, presenting them with an opportunity to participate in the company’s growth journey.

3. DCG Cables and Wires SME IPO:

DCG Cables and Wires, a manufacturer specializing in copper cables and wires, is also gearing up for its IPO launch from April 8 to April 10. Priced at Rs 100 per share, the company intends to raise approximately Rs 50 crore through a fresh equity sale of 39.9 lakh shares. With a focus on products used in transformers, DCG presents investors with exposure to a niche segment within the electrical industry.

4. Greenhitech Ventures SME IPO:

Greenhitech Ventures, engaged in trading various petroleum-based products catering to different industry segments, is set to kick off its IPO on April 12. The IPO, which aims to raise around Rs 6.3 crore, will be available for subscription until April 16. Priced at Rs 50 per share, investors can bid for 3,000 shares in one lot, providing an opportunity for participation in the burgeoning energy sector.

In conclusion, while the primary market may experience a temporary pause in mainboard IPO activity, the upcoming week remains significant with the listing of Bharti Hexacom and the introduction of three new SME offerings. As investors evaluate these opportunities, it’s crucial to conduct thorough research, assess risk factors, and seek professional advice to make informed investment decisions.

Disclaimer:

The information provided herein is for informational purposes only and does not constitute investment advice. Investors are urged to perform their due diligence and consult with financial advisors before making any investment decisions.

Conclusion,

Next week’s IPO market promises to be dynamic and filled with opportunities for investors. With the listing of Bharti Hexacom and the introduction of three new SME IPOs, there’s ample room for growth and diversification. Investors should carefully evaluate each opportunity, considering factors such as the company’s fundamentals, industry outlook, and market conditions. While the excitement in the IPO market continues to flourish, it’s essential for investors to conduct thorough research and seek professional guidance before making any investment decisions. With prudent analysis and strategic planning, investors can seize the potential offered by these IPOs and navigate the market with confidence.