IPO Details

Bidding Dates

08 Apr '24 - 10 Apr '24

Minimum Investment

₹ 1,20,000 / 1 Lot ( 1600 Shares )

Price Range


Maximum Investment

₹ 1,20,000 / 1 Lot ( 1600 Shares )

Retail Discount

To be announced

Issue Size

₹49.99 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Apr 8, 2024

Closing Date

Apr 10, 2024

Basis of Allotment

Apr 12, 2024

Initiation of Refunds

Apr 15, 2024

Credit of Shares to Demat

Apr 15, 2024

Listing Date

Apr 16, 2024

Cut-off time for UPI mandate confirmation

Apr 10, 2024

IPO Subscription Details


Day 1Apr 8, 2024

0.38x 2.92x 1.65x

Day 2Apr 9, 2024

2.25x 6.11x 4.18x

Day 3Apr 10, 2024

11.39x 20.24x 16.16x

IPO Subscription Status Live

Investor Category Subscription (Times)
Non-Institutional Buyers 11.39
Retail Investors 20.24
Total 16.16

About DCG Wires And Cables Ltd

DCG Cables & Wires, established in 2017, specialises in producing copper cables and wires designed primarily for transformer manufacturers across India.

The company's diverse range of products includes Copper Strips, Rectangular and Round Paper Covered Copper Strips, various paper-coated copper conductors, connection cables, and wires made of materials like kraft, crepe, nomex, and mica. Additionally, they produce Bare Copper Wires and Strips, Copper Tapes, and Fiber Glass Covered Copper Strips.

The production capacities at DCG are substantial, with facilities capable of producing 5,868 metric tons of Bare Copper Wire & Strips, 1,404 metric tons of Paper Covered Copper Strips & Wire, 1,512 metric tons of Cable Wires, 5,760 metric tons of Copper Rods, 10,080 metric tons of Copper Flats, 972 metric tons of Submersible Wires, and 540 metric tons of Fiber Glass Covered Copper Strips.

The company prides itself on using advanced machinery that not only meets the specific needs of their clients but also keeps production costs competitive. As of the date this information was published, DCG Cables & Wires has earned the ISO 9001: 2015 Certification for its Quality Management System, awarded by Optimum Certifications Inc.

In an expansion effort, DCG is in the process of constructing a new manufacturing plant in Bhayala, Bavla, Gujarat. This new site, covering over 8,308 square meters, is leased from the company's Promoter Director, Mr. Devang Patel, for a term of seven years starting November 20, 2023.

The strategic plan includes the gradual relocation of all existing manufacturing operations to this new site to enhance administration, increase efficiency, and optimise costs.

As of February 29, 2024, DCG Cables & Wires employs approximately 69 individuals.

Industry Outlook

  1. In FY23, India's manufacturing exports reached a record ₹35.96 lakh crore, marking a 6.03% increase over the previous year's ₹33.89 lakh crore.
  2. By 2030, the Indian middle class is projected to constitute 17% of global consumption, becoming the world's second largest consumer group.

DCG Wires And Cables Ltd IPO Details

DCG Wires And Cables Ltd IPO Dates

DCG Wires And Cables IPO is open from April 8, 2024, to April 10, 2024. The IPO will be listed on NSE Emerge.

DCG Wires And Cables Ltd IPO Price Band

DCG Wires And Cables is a fixed price issue. The price band is set at ₹100 per share.

DCG Wires And Cables Ltd IPO Lot Size

The lot size for DCG Wires And Cables Limited’s IPO is 1,200 shares with a minimum investment of ₹1,20,000.

DCG Wires And Cables Ltd IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Capital Expenditure for building construction,
  2. Working capital requirement,
  3. General Corporate Purpose, and
  4. Meeting Public Issue Expenses

Peer Details

The following are the listed peers of DCG Wires And Cables:

  1. Cords Cable Industries Limited
  2. Universal Cables Limited

How To Check the Allotment Status of the DCG Wires And Cables Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of DCG Wires And Cables Ltd

Registered office: 12, Agrasen Industrial Estate, Chotalal Ni Chali, Odhav Road, Ahmedabad -382415, Gujarat, India

Phone: +91 7861804932

E-mail: dcgcopperindustries@yahoo.com

IPO Financials

Particulars As at February 29, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue (in ₹ lakh) 7,633.22 5,452.47 2,769.16 1,462.09
Profit After Tax (PAT) (in ₹ lakh) 847.11 172.11 37.13 10.18
Cash & Cash Equivalents (in ₹ lakh) 221.01 53.85 178.24 21.11
Net Worth (in ₹ lakh) 2,367.15 1,533.82 443.69 13.14
Debt to Equity Ratio(x) 1.09 1.18 5.93 14.96
Return on Equity (%) 35.92% 11.31% 8.42% 106.15%
Return on Capital Employed (RoCE) (%) 59.10% 11.22% 8.38% 78.79%
Earning Per Share (EPS)-in absolute ₹ 6.44 3.71 1.97 104.00

Know before investing


  1. DCG Wires And Cables Limited ensures all products surpass industry standards, investing in advanced testing for reliable and consistent quality.

  2. The company excels in providing custom cable solutions tailored to specific client needs, supported by a skilled engineering team.

  3. By securing materials at competitive prices through trusted supplier partnerships, DCG offers cost-effective pricing and potential for stable long-term contracts despite raw material price volatility.


  1. DCG Wires And Cables Limited risks breaching bank terms by hypothecating assets to SG Finserve Limited without NOC from State Bank of India, risking a recall of a ₹1,500 lakh loan.

  2. The company has failed to timely register and deposit PF and ESIC since FY 2021-22, risking disciplinary actions and financial penalties, which could impact financial stability.

  3. The Odhav factory and registered office lease could end without renewal after 11 months and 29 days from August 2023, potentially disrupting operations and impacting profitability.

  4. Additional factories in Kubadthal and Waghodia are on leases that might not renew after their respective terms, risking production delays and additional costs in relocating.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

DCG Wires And Cables Ltd IPO FAQs

What is DCG Wires And Cables Ltd's IPO?

DCG Wires And Cables IPO is a book-built IPO. The IPO will be open from April 8, 2024 to April 10, 2024.

When will DCG Wires And Cables Ltd's IPO be allotted?

The Basis of Allotment will happen on Monday, April 15, 2024.

When will DCG Wires And Cables Ltd's IPO open for subscription?

The IPO subscription window will open on April 8, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares.

When will DCG Wires And Cables Ltd list on exchanges?

The listing date for DCG Wires And Cables is Friday, April 16, 2024.

What would be the listing gains on the DCG Wires And Cables Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the DCG Wires And Cables Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for DCG Wires And Cables Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of DCG Wires And Cables Ltd using one PAN?

You can submit only one application using your PAN card.