DCG Cables and Wires IPO allotment likely today: check status, listing date, GMP and other details

The allotment for the SME IPO of DCG Cables & Wires will be finalised later on Friday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of DCG Cables & Wires IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.

Follow the step-by-step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Select IPO from the dropdown

Step 3: Enter PAN number and 'Submit'.

DCG Cables & Wires GMP

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The IPO, which was completely a fresh equity issue of 49.99 lakh shares, received a decent response from investors with a subscription of 16 times at close.

The net proceeds from the public offer will be used for capital expenditure, long-term working capital requirement and general corporate purposes.

The company is a manufacturer of copper cables and wires. Its primary focus is on manufacturing of different types of copper cables which finds application in Transformers. The product portfolio consists of copper strips, paper-covered copper strips and wires.

Manufacturing is emerging as an integral pillar in the country’s economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India’s GDP pre-pandemic and is projected to be one of the fastest-growing sectors.

For the period ended February 2024, the company clocked revenues of Rs 76.33 crore and net profit of Rs 8.47 crore.

Interactive Financial Services is acting as the lead manager to the issue and Bigshare Services is the registrar.