Hot Pursuit     16-Apr-24
NSE SME DCG Cables & Wires slides on debut
Shares of DCG Cables & Wires were quoting at Rs 85.50 on the NSE, a discount of 14.50% compared with the issue price of Rs 100.
The scrip was listed at Rs 90, a discount of 10% compared with the initial public offer (IPO) price. The stock is currently frozen in its lower limit of 5% over its listing price.

The counter hit a high of Rs 90 and a low of Rs 85.50. About 6.72 lakh shares of the company changed hands at the counter.

DCG Cables & Wires' IPO was subscribed 15.82 times. The issue opened for bidding on 8 April 2024 and it closed on 10 April 2024. The price of the IPO was fixed at Rs 100 per share.

The IPO comprised fresh issue of 49,99,200 shares. The promoter and promoter shareholding diluted to 72.46% from 100% pre-IPO.

The company intends to utilize the net proceeds for capital expenditure for building construction, long-term working capital requirement and for general corporate purposes.

DCG Cables & Wires are manufacturer of copper cables and wires. It primarily focused on manufacturing of different types of copper cables which finds application in transformers. Its product portfolio consists of copper strips, paper covered copper strips and wires (Kraft/crepe/nomex/mica) bare copper wires and strips, copper tapes and fiber glass copper. The company has 3 manufacturing unit facilities in Gujarat. As on 29 February 2024, the company has 69 employees.

The company recorded revenue from operations of Rs 76.33 crore and net profit of Rs 8.47 crore for the period as on 29 February 2024.

Previous News
  DCG Cables & Wires consolidated net profit rises 94.71% in the September 2024 quarter
 ( Results - Announcements 10-Dec-24   07:30 )
  DCG Cables & Wires to announce Quarterly Result
 ( Corporate News - 20-May-24   15:55 )
  NSE SME IPO of DCG Cables & Wires ends with subscription of 16 times
 ( SME Updates - IPO News 11-Apr-24   09:24 )
  DCG Cables & Wires to announce Quarterly Result
 ( Corporate News - 30-Oct-24   17:25 )
  NSE SME DCG Cables & Wires slides on debut
 ( Hot Pursuit - 16-Apr-24   12:44 )
  DCG Cables & Wires to convene AGM
 ( Corporate News - 29-Aug-24   15:36 )
  NSE SME IPO of DCG Cables & Wires subscribed 1.5 times
 ( SME Updates - IPO News 08-Apr-24   17:05 )
  DCG Cables & Wires to declare Quarterly Result
 ( Corporate News - 07-Nov-24   16:03 )
Other Stories
  BLS Intl Q3 PAT climbs 47% YoY to Rs 128 cr in FY25
  11-Feb-25   15:49
  Prince Pipes slumps after reporting dismal Q3 results
  11-Feb-25   15:30
  Crisil jumps after Q4 PAT rises 6.9% YoY
  11-Feb-25   15:24
  Northern Spirits spurts after Q3 PAT zooms 110% YoY to Rs 9 crore
  11-Feb-25   15:14
  Keystone Realtors Q3 PAT rises to Rs 30 cr in FY25
  11-Feb-25   15:10
  Talbros Automotive Q3 PAT rises 5% YoY to Rs 24 cr
  11-Feb-25   15:03
  HBL Engineering Ltd leads losers in 'A' group
  11-Feb-25   15:00
  Welspun Investments & Commercials Ltd leads losers in 'B' group
  11-Feb-25   14:45
  Volumes soar at CRISIL Ltd counter
  11-Feb-25   14:30
  Cera Sanitaryware declines as Q3 PAT slips 10% YoY to Rs 46 cr
  11-Feb-25   14:30
Back Top