DCG Cables and Wires share price makes a weak debut, stock opens with 10% discount at ₹90 apiece on NSE SME

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₹90, which is 10% lower than the issue price of ₹100. DCG Cables and Wires IPO opened for subscription on Monday, April 8, and closed on Wednesday, April 10.

The price band for the issue has been fixed at ₹100 per share, with a face value of ₹10. The DCG Cables and Wires IPO lot size was 1,200 equity shares, which investors may bid on at least.

On day three of the DCG Cables and Wires IPO, the subscription status was 16.96 times. Established in 2017, DCG Cables and Wires produces copper cables and wires for Indian transformer makers.

Also Read: DCG Cables and Wires Ltd IPO allotment finalised today; latest GMP, 4 steps to check status The firm offers a variety of paper-covered copper conductors and connecting cables, copper strips in both round and rectangular forms, copper tapes, bare copper wires and strips, and wires made of copper and fiber glass copper. Based in Odhav, Ahmedabad; Kubadthal, Ahmedabad; and Waghodia, Vadodara, the company operates three manufacturing facilities with a combined capacity of 5,868 MT for bare copper wire and strip; 1,404 MT for paper-coated copper strips and wires; 1,512 MT for cable wires; 5,760 MT for copper rods; 10,080 MT for flat copper wires; 972 MT for submersible wires; and 540 MT for glass fiber coated copper strips.