DCG CABLES AND WIRES (NSE SME)
Apr 8, 2024 - Apr 10, 2024
| Price | ₹100 - ₹100 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Apr 12, 2024 |
| Listing | Apr 16, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 120000 | 1978 |
| HNI | 2 | 2400 | 240000 | 1978 |
Last updated on 10-Apr-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 2373600 | 27288000 | 11.5 |
| RETAIL | 2373600 | 48043200 | 20.24 |
| Total | 4747200 | 75331200 | 15.87 |
| Retail Apps | 40036 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.54 | @8% ₹1.76 | @9% ₹1.98 | @10% ₹2.21 | @11% ₹2.43 | @12% ₹2.65 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 2373600 |
| Other | 47.5% | 2373600 |
| Market Maker | 5.04% | 252000 |
| Total No. of Shares | 100.0% | 4999200 |
DCG Wires And Cables Limited, established in 2017, stands out in the Indian market as a prominent manufacturer of copper cables and wires, specifically tailored for transformer manufacturers. With an extensive product portfolio encompassing Copper Strips, Paper Covered Copper Strips in various shapes, paper-covered copper conductors and connection cables, as well as a range of wires including kraft, crepe, nomex, and mica, the company meets diverse industry demands. Its three state-of-the-art manufacturing facilities situated in Odhav, Kubadthal, and Waghodia boast impressive production capacities across different product categories, showcasing the company's commitment to scale and efficiency. The employment of approximately 69 skilled individuals underscores DCG's dedication to maintaining operational excellence and sustaining its position as a leading player in the copper wires and cables sector in India.
Issue Details
| Issue Size | 49,99,200 Equity Shares (aggregating up to 49.99 Cr) |
| Fresh Issue | 49,99,200 Equity Shares (aggregating up to 49.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,31,50,400 |
| Share holding post issue | 1,81,49,600 |
| Market maker portion | 2,52,000 Nikunj Stock Brokers |
Key Performance Indicators
| KPI | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 35.92% | 11.31% | 8.42% |
| ROCE | 59.10% | 11.22% | 8.38% |
| RONW | 35.79% | 11.22% | 8.38% |
| D/E | 1.09 | 1.18 | 5.93 |
| EPS (basic) |
6.44 | 1.31 | 0.94 |
| P/BV | 5.57 | ||
| P/E Pre IPO |
76.34 |
Financial Information (Restated Consolidated)
| Period | Feb-24 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 6,152.13 | 3,564.12 | ||
| Revenue | 7,639.08 | 5,455.18 | ||
| Profit After Tax | 847.11 | 172.27 | 37.24 | 10.4 |
| Net Worth | 2,367.15 | 1,533.82 | 443.69 | 13.14 |
| Reserve & Surplus | 1,051.78 | 217.99 | ||
| Total Borrowing | 2,569.83 | 1,812.27 | 635.44 | 29.80 |
| Amount in Lakhs | ||||
Strength Factors
Competitive Pricing: DCG Cables & Wires Industries PVT LTD maintains a competitive edge in the market by offering pricing strategies that are attractive to customers while ensuring profitability. This enables them to capture market share and remain competitive within the industry.
Long-standing Reputation for Reliability and Consistency: Over the years, the company has built a strong reputation for reliability and consistency in delivering high-quality products. Customers trust DCG for consistent performance and adherence to stringent quality standards, contributing to long-term customer loyalty and satisfaction.
Vast Experience of Promoters: The Company benefits from the vast experience and expertise of its promoters in the field of manufacturing and exporting copper conductors. This extensive knowledge base enables DCG to make informed decisions, innovate, and adapt to changing market dynamics, ensuring sustained growth and success in the industry.
Risk Factors
Legal and Compliance Risks: The company's failure to obtain a No Objection Certificate (NOC) from the State Bank of India for creating a charge on its current assets could lead to legal and regulatory consequences. This non-compliance may result in penalties, fines, or legal actions against the company. Furthermore, the absence of a registered office could pose additional compliance risks, as it may not be fulfilling statutory requirements mandated by law.
Operational Risks: Limited operations confined to a specific geographical area, in this case, the state of Gujarat, could limit the company's growth potential and revenue streams. Depending solely on a single region exposes the business to risks associated with local economic conditions, regulatory changes, and market saturation. Additionally, not having a registered office may impact the company's ability to efficiently manage its operations, communicate with stakeholders, and coordinate business activities, leading to operational inefficiencies and disruptions.
BIGSHARE SERVICES PRIVATE LIMITED
Tel No.:+91 22-62638200
Fax No.: +91 22-62638299
Website: www.bigshareonline.com
E-Mail: ipo@bigshareonline.com