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DCG Cables And IPO
Price Band
₹
Issue Size
₹49.99 Cr
Lot Size
1,200 shares
Min Investment
₹120,000
GMP
—
Issue Price
₹100.0
DCG Cables And IPO AI Summary
- DCG Cables And IPO is listed on NSE SME in the Cables - Electricals sector.
- Subscription window: 08 Apr–10 Apr 2024, listing on 16 Apr 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
DCG Cables And IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
DCG Cables And IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
DCG Cables & Wires was founded in 2017 and manufactures copper cables and wires for transformer manufacturers in India. The company's product portfolio includes Copper Strips, Paper Covered Copper Strips in rectangular and round shapes, as well as multiple paper-covered copper conductors and connection cables, and Wires (kraft/crepe/nomex/mica), Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper. The company has three manufacturing facilities at Odhav, Ahmedabad; Kubadthal, Ahmedabad; and Waghodia, Vadodara with a total capacity of 5,868 MT for bare copper wire and strip, 1,404 MT for paper coated copper strips and wires, 1,512 MT for cable wires, 5,760 MT for copper rods, 10,080 MT for flat copper wires, 972 MT for submersible wires and 540 MT for glass fiber coated copper strips. As on February 29, 2024, the company employed around 69 people.
Company Financials (₹ Cr)
As of 2024-02-29
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 61.52 | 35.64 | ||
| Total Income | 76.39 | 54.55 | ||
| Profit After Tax | 8.47 | 1.72 | 0.37 | 0.10 |
| NET Worth | 23.67 | 15.34 | 4.44 | 0.13 |
| Reserves and Surplus | 10.52 | 2.18 | ||
| Total Borrowing | 25.70 | 18.12 | 6.35 | 0.30 |
Key Ratios
EPS
₹1.31
NAV
₹17.94
ROE
35.92%
ROCE
59.10%
RoNW
35.79%
P/B Value
5.57
P/E Ratio
76.34
Market Cap
₹181.50 Cr
PAT Margin
11.09%
Debt/Equity
1.09
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Universal Cables Ltd. | 203.87 | 8.93% | 30.43 | 18.21 |
| Cords Cable Industries Ltd. | 123.15 | 4.58% | 31.92 | 5.52 |
| DCG Cables & Wires Limited This IPO | 11.57 | 11.23% | 15.53 | 1.31 |
Promoters
Devang Patel, Harshadbhai Patel and Ushaben Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure for building construction 5.36 2 Long term Working capital requirement 33.20 3 General corporate purposes 8.73
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹54.55 Cr for the year ended 31 Mar 2023, increasing to ₹76.39 Cr by 29 Feb 2024. This indicates a positive revenue trend over the period.
Profit Trend
Profit After Tax was ₹1.72 Cr for the year ended 31 Mar 2023, rising significantly to ₹8.47 Cr by 29 Feb 2024. This shows a strong improvement in profitability during the observed period.
Valuation
DCG Cables & Wires Limited has an implied P/E ratio of 76.34 at the issue price, compared to peers with a P/E range of approximately 30.43 to 31.92.
Grey Market Premium, Explained
The grey market refers to the unofficial market where shares are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply in this unofficial market. A higher GMP suggests strong demand, while a lower GMP may indicate weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their portfolio diversification and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it operates in a competitive sector and is relatively new in the market.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the IPO. Investors should be aware that while some IPOs may experience significant gains on their first day, others may not perform as well, leading to potential losses.
This evaluation is generated from DCG Cables And's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does DCG Cables And IPO open and close?
DCG Cables And IPO opens on 08 April 2024 and closes on 10 April 2024.
When does DCG Cables And IPO list on the stock exchange?
DCG Cables And IPO listed on 16 April 2024 at ₹100.0.
What is the lot size for DCG Cables And IPO?
The lot size for DCG Cables And IPO is 1200 shares, requiring a minimum investment of ₹120,000.
What is the lot size for this IPO?
The lot size for the DCG Cables & Wires IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹120,000.
What is the issue price of the shares?
The issue price of the shares is ₹100.0.
When is the listing date for this IPO?
The listing date for this IPO is April 16, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Apr 2024
Close
10 Apr 2024
Allotment
12 Apr 2024
Listing
16 Apr 2024
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