Saturday, May 25, 2024
spot_img
HomeBusinessDCG Cables and Wires Ltd IPO allotment to be finalised today: Check...

DCG Cables and Wires Ltd IPO allotment to be finalised today: Check status here


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

DCG Cables and Wires Ltd IPO: The issue is worth 49.99 crore and consists of a fresh issue of 49,99,200 equity shares with a face value of 10.

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

Unlock exclusive access to the story of India’s general elections, only on the HT App. Download Now!

The grey market premium is +10 which indicates that DCG Cables and Wires Ltd share price were trading at a premium of 10 in the grey market, as per investorgain.com. This means that DCG Cables and Wires Ltd IPO’s estimated listing price would be 110 per share- 10% higher than the IPO price of 100.

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



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments