DCG Cables and Wires Ltd IPO Allotment to be Finalized Today: Check Status Here

DCG Cables and Wires Ltd IPO: DCG Cables and Wires Ltd IPO share allotment will be finalized today (April 12). Those who have applied for issuance can check the allotment status on the registrar’s portal – Bigshare Services Pvt Ltd. The allotment basis will show if and how many shares you have received. For others, who have not been allotted shares, the refund process will begin on April 15 – the same day those who receive shares will see them credited to their demat account. The IPO listing date of DCG Cables has been fixed on April 16 on NSE SME.

If you have registered for the IPO of DCG Cables and Wires Ltd, you can check the allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd using these steps:

The gray market premium is +10, which indicates that the DCG Cables and Wires Ltd share price was trading at a premium of $$10 on the gray market, according to investorgain.com. This means that the estimated IPO listing price of DCG Cables and Wires Ltd would be $$110 per share – 10% higher than the IPO price of $$100.

The question is worth $$49.99 crore and consists of a fresh issue of 49,99,200 shares with a face value of $$10. There is no offer for sale component. The net proceeds from the IPO will be used to cover public issuance expenses, general corporate purposes, working capital requirements and capital expenditure, the company said.