DCG Cables & Wires IPO is a fixed-price offering totaling Rs 49.99 crores, comprising entirely of fresh issue shares amounting to 49.99 lakh.
The IPO subscription opened on April 8, 2024, and will conclude on April 10, 2024. Allotment is anticipated to be finalized by Friday, April 12, 2024, with listing on NSE SME tentatively scheduled for Tuesday, April 16, 2024.
Priced at ₹100 per share, the minimum application lot size is 1200 shares, requiring a minimum investment of ₹120,000 for retail investors and ₹240,000 for HNIs.
Interactive Financial Services Ltd serves as the book running lead manager, with Bigshare Services Pvt Ltd acting as the registrar. Nikunj Stock Brokers operates as the market maker for the IPO
The present Public Issue 49,99,200 Equity Shares at an issue price of Rs. 100.00/- per Equity Share.
Company proposes to utilize the Net Proceeds:
Building Construction: The Company has decided to shift all the three manufacturing units at Bavla near Ahmedabad. The Company had taken on lease the land admeasuring 8308 Sq. Mts for 7 years at a monthly rent of Rs. 20,000 from Devang H. Patel, the promoter of the Company. The total cost of the building to be constructed will be R. 610.29 lacs and out of that the Company had spent 73.98 lacs upto November 30, 2023.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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