DCG Cables & Wires Limited IPO Closed
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About DCG Cables & Wires Limited
DCG Cables & Wires Limited is launching its IPO. The IPO opens for subscription on 8th April and will close on 10th April 2024.
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on the listing.
What does DCG Cables & Wires Limited do?
Incorporated in 2017, DCG Cables & Wires Limited is engaged in the manufacture of copper cables and wires tailored primarily for the transformer manufacturing industry across India. The portfolio includes an assortment of products such as Bare Copper Wires and Strips, Copper Strips, and Paper Covered Copper Strips in various shapes, alongside other specialized copper conductors and cables.
The company’s manufacturing capabilities are distributed across three units located in Odhav, Kubadthal, and Waghodia. These facilities collectively have a production capacity encompassing 5,868 MT for bare copper wire and strips, and 1,404 MT for paper-covered copper strips and wires, among other capacities for different products. This infrastructure supports the company’s operational requirements and product supply.
DCG Cables & Wires Limited primarily serves the B2B segment in Gujarat, accounting for the bulk of its sales. The company has recently expanded into Maharashtra and Karnataka, improving its presence in India.
Schedule/Timeline of DCG Cables & Wires Limited IPO
| Issue Period | 8th April to 10th April 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 12, 2024 |
| Initiation of Refunds | April 15, 2024 |
| Credit of Shares | April 15, 2024 |
| Date of Listing | April 16, 2024 |
| Mandate end date | April 25, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 13, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | July 11, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the DCG Cables & Wires Limited IPO?
You can apply for the DCG Cables & Wires Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the DCG Cables & Wires Limited IPO?
You can check the allotment status for the DCG Cables & Wires Limited IPO on the website of the Registrar and Transfer agent.