DCG Cables & Wires IPO: Check Subscription Status, Latest GMP.
Unlisted shares of DCG Cables & Wires Ltd are buying and selling Rs 16 greater within the gray market, anticipating a 16 per cent itemizing achieve from the general public problem
DCG Cables & Wires IPO: The preliminary public providing of DCG Cables & Wires Ltd, a copper cables and wires producer, can be closed on April 10. Till 11:26 am on the primary day of bidding on Thursday, the Rs 49.99-crore SME IPO acquired 2.54 occasions subscription, garnering bids for 1,20,78,000 shares towards 47,47,200 shares on provide.
The DCG Cables & Wires IPO was opened on April 8. The value of the DCG Cables & Wires IPO has been fastened at Rs 100 per share for its preliminary public providing.
The class for non-institutional buyers obtained subscribed 1.08 occasions whereas the portion for Retail Individual Investors (RIIs) attracted 4.01 occasions subscriptions.
The DCG Cables & Wires IPO’s share allotment will happen on April 12, whereas the shares can 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 16 greater within the gray market as in contrast with its problem value. The Rs 16 gray market premium or GMP means the gray market is anticipating a 16 per cent itemizing achieve from the general public problem. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem value.
DCG Cables & Wires IPO Details
The DCG Cables & Wires IPO is fully a recent problem of 49.99 lakh shares. The value 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 buyers 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 ebook-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 contains Copper Strips, Paper Covered Copper Strips in rectangular and spherical shapes, in addition to a number of paper-coated copper conductors and connection cables, and Wires (kraft/crepe/nomex/mica), Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper.
