DCG Wires & Cables IPO opens: Check out price band, lot size, other details

DCG Wires & Cables IPO: The initial public offering (IPO) of DCG Cables & Wires opened for subscription today, April 8. The IPO will be concluded on April 10, 2024. The IPO is a fixed-priced issue of Rs 49.99 crore. The SME IPO is entirely a fresh issue of 49.99 lakh shares.

Here are key details about the issue:

DCG Wires & Cables IPO price band, DCG Wires & Cables IPO lot size

DCG Wires & Cables IPO price is Rs 100 per share. The minimum lot size for an application is 1,200 shares. The minimum amount of investment required by retail investors is Rs 120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 240,000.

DCG Wires & Cables IPO: Book-running lead manager

Interactive Financial Services is the book-running lead manager of the DCG Wires & Cables IPO.

DCG Wires & Cables IPO: Registrar

Bigshare Services is the registrar for the issue.
 
DCG Wires & Cables Allotment Date: Friday, April 12, 2024

DCG Wires & Cables Listing Date: Tuesday, April 16, 2024

DCG Wires & Cables IPO: Fund Utilisation

The company proposes to utilise the net proceeds from the issue towards the following objects:

-Capital Expenditure for building construction,

-Working capital requirement,

-General corporate purpose, and meeting public issue expenses.

What does DCG Wires & Cables do?

Founded in 2017, DCG Wires & Cables manufactures copper cables and wires for transformer manufacturers in India.

DCG Wires & Cables' product portfolio includes copper strips, paper-covered copper strips in rectangular and round shapes and others.

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