DCG Cables and Wires Limited IPO Opens on April 08, 2024

Equity Share Allocation

–  Non-Institutional Investors (NII) – Up To 23,73,600Equity Shares

–  Retail Individual Investors (RII) – Up To 23,73,600Equity Shares

– Market Maker – Up To 2,52,000 Equity Shares

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. The Issue closes on April 10, 2024.

The Lead Manager to the Issue is Interactive Financial Services Limited. The Registrar to the Issue is Bigshare Services Private Limited.

Mr. Devangbhai Patel, Managing Director of DCG Cables & Wires Limited expressed, “As 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. We are a manufacturer 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. 

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.”

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.