DCG Cables & Wires IPO: Check Subscription Status, Latest GMP.
Unlisted shares of DCG Cables & Wires Ltd are buying and selling Rs 14 larger within the gray market, anticipating a 14 per cent itemizing achieve from the general public difficulty
DCG Cables & Wires IPO: The preliminary public providing of DCG Cables & Wires Ltd, a copper cables and wires producer, goes to be closed at the moment, April 10. Till 12:30 pm on the ultimate day of bidding on Wednesday, the Rs 49.99-crore SME IPO obtained 7.33 instances subscription, garnering bids for 3,47,83,200 shares towards 47,47,200 shares on supply.
The DCG Cables & Wires IPO was opened on April 8. The value of the DCG Cables & Wires IPO has been mounted at Rs 100 per share for its preliminary public providing.
The class for non-institutional traders received subscribed 4.31 instances whereas the portion for Retail Individual Investors (RIIs) attracted 10.35 instances subscriptions.
The DCG Cables & Wires IPO’s share allotment will happen on April 12, whereas the shares might be listed on NSE SME on April 16.
DCG Cables & Wires IPO GMP Today
According to market observers, unlisted shares of DCG Cables & Wires Ltd are buying and selling Rs 14 larger within the gray market as in contrast with its difficulty value. The Rs 14 gray market premium or GMP means the gray market is anticipating a 14 per cent itemizing achieve from the general public difficulty. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem value.
DCG Cables & Wires IPO Details
The DCG Cables & Wires IPO is completely a recent difficulty of 49.99 lakh shares. The value of the IPO has been mounted at Rs 100 per share. The minimal lot dimension for an software is 1,200 shares.
The minimal quantity of funding required by retail traders is Rs 1,20,000. The minimal lot dimension funding for HNI is 2 heaps (2,400 shares) amounting to Rs 2,40,000.
Interactive Financial Services Ltd is the guide-operating lead supervisor of the DCG Cables & Wires IPO, whereas Bigshare Services Pvt Ltd is the registrar for the problem. The market maker for DCG Cables & Wires IPO is Nikunj Stock Brokers.
DCG Cables & Wires, which was based in 2017, manufactures copper cables and wires for transformer producers in India. The firm’s product portfolio contains Copper Strips, Paper Covered Copper Strips in rectangular and spherical shapes, in addition to a number of paper-lined copper conductors and connection cables, and Wires (kraft/crepe/nomex/mica), Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper.
