{"id":32744,"date":"2024-04-05T12:34:56","date_gmt":"2024-04-05T07:04:56","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2024\/04\/05\/dcg-cables-and-wires-limited-ipo-opens-on-april-08-2024\/"},"modified":"2024-04-05T12:34:56","modified_gmt":"2024-04-05T07:04:56","slug":"dcg-cables-and-wires-limited-ipo-opens-on-april-08-2024","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2024\/04\/05\/dcg-cables-and-wires-limited-ipo-opens-on-april-08-2024\/","title":{"rendered":"DCG Cables and Wires Limited IPO Opens on April 08, 2024"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], April 5:<\/strong> DCG Cables & Wires Limited,\u00a0a\u00a0manufacturer of copper cables and wires,\u00a0has announced its plan to go public with an Initial Public Offering on\u00a0April\u00a008, 2024.\u00a0The company is aiming to raise\u00a0\u20b9\u00a049.99\u00a0Crores\u00a0through this IPO, with shares set to be listed on the\u00a0NSE Emerge platform.<\/p>\n

The issue size is Up to\u00a049,99,200\u00a0equity\u00a0shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

Equity Share Allocation<\/p>\n

\u2013 \u00a0Non-Institutional Investors (NII)\u00a0\u2013\u00a0Up To\u00a023,73,600Equity Shares<\/p>\n

\u2013 \u00a0Retail Individual Investors (RII)\u00a0\u2013\u00a0Up To\u00a023,73,600Equity Shares<\/p>\n

\u2013 Market Maker \u2013\u00a0Up To\u00a02,52,000\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for Funding Capital Expenditure for Building Construction, Long\u00a0term Working Capital Requirements, and General Corporate Expenses.\u00a0The Issue closes\u00a0on\u00a0April\u00a010,\u00a02024.<\/p>\n

The Lead Manager to the Issue\u00a0is\u00a0Interactive Financial Services Limited. The Registrar to the Issue is\u00a0Bigshare Services Private Limited.<\/p>\n

Mr. Devangbhai Patel,\u00a0Managing Director\u00a0of\u00a0DCG Cables & Wires Limited\u00a0expressed,\u00a0\u201cAs we embark on this exciting journey with the launch of our Initial Public Offering, DCG Cables & Wires Limited stands poised for a transformative chapter in history.\u00a0We are a\u00a0manufacturer of copper cables and wires, known for our commitment to quality and customer satisfaction. Our expansion plans include the establishment of a new manufacturing plant in Gujarat, which will significantly increase our production capacity and allow us to better serve our customers growing demands.\u00a0<\/p>\n

The net proceeds from the IPO will be utilized for Funding Capital Expenditure for Building Construction, Long-Term Working Capital Requirements, and General Corporate Expenses. This IPO marks an important milestone in our journey, unlocking exciting opportunities as we reaffirm our commitment to excellence, innovation, and growth in the copper products industry.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], April 5: DCG Cables & Wires Limited,\u00a0a\u00a0manufacturer of copper cables and wires,\u00a0has announced its plan to go public with an Initial Public Offering on\u00a0April\u00a008, 2024.\u00a0The company is … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":32745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-32744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/32744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=32744"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/32744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/32745"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=32744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=32744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=32744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}