DCG Cables and Wires IPO booked nearly 16 times on last day: Check subscription status and other key details

DCG Cables and Wires IPO subscription is getting a decent demand from the investors on the last and final day of bidding on Wednesday, April 10. The initial public offering (IPO) has been booked nearly 16 times on the third day of bidding, as per the NSE data.

The public issue received bids for over 7.53 crore shares compared to 47.47 lakh shares on offer, reflecting an overall subscription of 15.86 times, the NSE data showed.

The ₹49.99-crore fixed price issue opened for subscription for public investors on April 8. The IPO subscription window closed on April 10.

The non-institutional investors’ (NIIs) segment was booked over 5.77 times with biddings for more than 1.35 crore shares compared to 23,73,600 shares reserved for the segment. The retail investors’ segment was booked more than 13 times till 2pm, as per the NSE data.

The retail investors submitted bids for over 3.11 crore shares as against 23.73 lakh shares on offer for the category.

The public issue comprises a total offer size of 49.99 shares, including a market maker portion of 2.52 lakh shares.

DCG Cables & Wires IPO allotment status and listing

Following the closure of the IPO subscription, the basis of shares allotment is set to be determined on April 12. The company is expected to initiate refunds for non-allottees and transfer of shares to the Demat accounts of the successful bidders on April 15.

Listing of DCG Cables and Wires shares is expected on the NSE SME platform on April 16.

While Interactive Financial Services Ltd is the book running lead manager, Bigshare Services Pvt Ltd is the registrar for the DCG Cables & Wires IPO. The investors can check the share allotment status on the website of the official registrar of the IPO.

DCG Cables & Wires IPO price band and minimum investment

The DCG Cables & Wires IPO lot size has been fixed at 1,200 shares for retail investors, aggregating to a minimum investment of ₹1,20,00.

The minimum application amount for High Net-Worth Individuals (HNIs) is 2 lots, or 2,400 shares, amounting to an investment of ₹2,40,000.

About DCG Cables & Wires

DCG Cables & Wires Limited was founded in 2017. The company produces copper cables and wires primarily catering to transformer manufacturers across India. Its product range includes copper strips, paper covered copper strips in various shapes, as well as a variety of wires. Additionally, the company manufactures bare copper wires and strips, copper tapes and fibre glass copper.

The company operates three manufacturing facilities in Ahmedabad and Vadodara of Gujarat.

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