DCG Cables & Wires IPO GMP (Image Source: iStockphoto)
DCG Cables & Wires is set to launch its Initial Public Offering (IPO), aiming to raise Rs 49.99 crores through a fixed price issue. The IPO comprises entirely fresh shares totaling 49.99 lakh.
DCG Cables & Wires IPO Subscription Window
The bidding of DCG Cables & Wires opened on April 8, 2024, and it will close on April 10, 2024.
DCG Cables & Wires IPO Allotment Date
The allotment of DCG Cables & Wires IPO is anticipated to be finalised by April 12, 2024.
DCG Cables & Wires IPO Listing Date
The DCG Cables & Wires IPO is set to list on the NSE SME platform on April 16, 2024.
DCG Cables & Wires IPO Price Band
The investors eyeing the IPO will find each share priced at Rs 100, with a minimum lot size of 1200 shares, requiring a minimum investment of Rs 120,000 for retail investors. High Net Worth Individuals (HNI) are required to invest in a minimum of 2 lots, amounting to 2400 shares or Rs 240,000.
DCG Cables & Wires IPO GMP
As per multiple websites that track the grey market premium activities, the shares of DCG Cables & Wires IPO are commanding a GMP in the price range of Rs 10 – Rs 20 in the unlisted market.
Interactive Financial Services Ltd acts as the book running lead manager, overseeing the IPO process, while Bigshare Services Pvt Ltd serves as the registrar. Nikunj Stock Brokers is appointed as the market maker for the DCG Cables & Wires IPO.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TT Research DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
