DCG Cables & Wires IPO: Check Subscription Status, Latest GMP.
Unlisted shares of DCG Cables & Wires Ltd are buying and selling Rs 18 larger within the gray market, anticipating a 18 per cent itemizing achieve from the general public challenge
DCG Cables & Wires IPO: The preliminary public providing of DCG Cables & Wires Ltd, a copper cables and wires producer, has opened for public subscription on Monday. Till 11:54 am on the primary day of bidding on Thursday, the Rs 49.99-crore SME IPO acquired an awesome 0.47 occasions subscription, garnering bids for 22,08,000 shares towards 47,47,200 shares on provide.
The worth of the DCG Cables & Wires IPO has been fastened at Rs 100 per share for its preliminary public providing.
The class for non-institutional traders received subscribed 0.08 occasions whereas the portion for Retail Individual Investors (RIIs) attracted 0.85 occasions subscriptions.
The DCG Cables & Wires IPO was opened on April 8. Its share allotment will happen on April 12, whereas the shares will likely 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 18 larger within the gray market as in contrast with its challenge worth. The Rs 18 gray market premium or GMP means the gray market is anticipating a 18 per cent itemizing achieve from the general public challenge. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
DCG Cables & Wires IPO Details
The DCG Cables & Wires IPO is solely a recent challenge of 49.99 lakh shares. The worth of the IPO has been fastened 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 tons (2,400 shares) amounting to Rs 2,40,000.
Interactive Financial Services Ltd is the guide-working 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 consists of 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.
