Basis of Allotment

wpe102.jpg (3514 bytes) (THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSE AND IS NOT A PROSPECTUS ANNOUNCEMENT. NOT FOR DISTRIBUTION OUTSIDE INDIA)
DCG CABLES & WIRES LIMITED
CIN: U36999GJ2017PLC099290
Incorporated on September 29, 2017 at Ahmedabad

Our Company was originally incorporated as DCG Copper Industries Private Limited' as Private Limited Company under the provisions of Companies Act. 2013 vide Certificate of Incorporation dated September 29.2017 bearing Corporate Identification Number U36999GJ2017PTCO99290 issued by the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, Govt, of India. Subsequently, the name of our company has changed from DCG Copper Industries Private Limited' to 'DCG Cables & Wires Private Limited" vide Fresh Certificate of Incorporation dated August 10.2023 bearing Corporate Identification Number U36999GJ2017PTC099290. Further, our Company was converted into a public limited Company pursuant to a special resolution passed by our shareholders at the EGM held on August 11. 2023 and consequently the name of our Company was changed to DCG Cables & Wires Limited' and a fresh certificate of incorporation was issued by the Registrar of Companies. Ahmedabad dated August: 24, 2023. The CIN of the company is U36999G J2017PLC099290 For further details, please refer the chapter titled "History and Certain Corporate Matters "beginning on page 101 of the Prospectus.

Registered office: 12. Agrasen Industrial Estate. Chotalal ni Chali. Odhav Road. Ahmedabad -382415. Gujarat. India. Tel No.: + 91 7861804932:
Website: www.dcgcableswiresltd.com: E-Mail: www.dcgcopperindustries@yahoo.com: Contact Person: Shwetal MalKval. Company Secretary and Compliance Officer
PROMOTERS OF THE COMPANY: DEVANG PATEL, HARSHADBHAI PATEL AND USHABEN PATEL
BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 49,99,200 EQUITY SHARES OF FACE VALUE OF 10/- EACH OF DCG CABLES & WIRES LIMITED ("DCG" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs.100.00/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 90.00 /-PER EQUITY SHARES (THE "ISSUE PRICE") AGGREGATING TO Rs. 4,999.20 LAKHS ("THE ISSUE"), OF WHICH 2,52,000 EQUITY SHARES OF FACE VALUE OF 10/- EACH FOR CASH AT A PRICE OF Rs.100.00/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs.90.00/- PER EQUITY SHARES AGGREGATING TO Rs. 252.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e., NET ISSUE OF 47,47,200 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT A PRICE OF Rs. 100.00 /- PER EQUITY SHARE AGGREGATING TO Rs.4,747.20 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.54% AND 26.16% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE "BEGINNING ON PAGE NO. 204 OF THE PROSPECTUS.

RISK TO INVESTORS

1. Our Company had avail dealer finance facility from SG Finserve Limited of Rs. 300 lacs and the charge has been created on the current assets of the Company without getting the NOC from the State Bank of India who had sanctioned working capital limit against the current assets of the Company

2. There have been instances of delay in filing of Goods and Service Tax (GST) returns and return of Tax Deducted at Source (TDS) dues.

3. We are having limited number of suppliers, for the stub period i.e. April, 2023 to February, 2024, 98.81% and in the FY 2020-21,2021-22 and 2022-23,48.58%, 77.13% and 89.19% respectively purchases were confined to only Top 10 suppliers.

4. We are having limited number of Customers, forthe stub period i.e. April, 2023 to February, 2024,75.79% and in the FY 2020-21,2021-22 and 2022-23,41.21%, 47.91% and 81.92% respectively sales were confined to only Top 10 buyers.

5. Our Company has applied for Permission/NOC from Gujarat Pollution Control Board.

For further details please refer to the chapter titled "Risk Factor" on page no. 19 of the Prospectus.

In terms of Regulation 253(2) of the SEBIICDR Regulations, as present issue is a fixed price issue ‘the Allocation' is the net issue to the public category has been be made as follows: (a) minimum 50% to Retail Individual Investors; and (b) Remaining to: (i) individual application other than retails individuals investors and (ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for, The unsubscribe portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.

This issue is being made through Fixed Price Process in terms of Chapter IX of the Securities And Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended ("SEBI ICDR Regulations") and allocation in the net issue to the public will be made in terms of regulation 253 of the SEBI ICDR Regulations. In terms of the Regulation 19(2)(B)(I) of the Securities Contracts (Regulations) Rules, 1957, as amended (the "SCRR"), the issue is being made for at least 25% of the post-paid-up Share capital of our Company. All the bidders, Shall participants in the issue through the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective bank account (including UPIID for Rlls using UPI Mechanism) wherein the bid amount will be blocked by the SCSBs or under the UPI mechanism, as the case may be, to the extent of respective Bid amounts. For details Please refer to chapter titled Issue Procedure "beginning on Page 213 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH,
THE ISSUE PRICE IS Rs. 100/- PER EQUITY SHARE AND THE ISSUE PRICE IS 10 TIMES OF THE FACE VALUE OF THE EQUITY SHARES
ISSUE PROGRAMME
OPENED ON: April 08, 2024 (Monday) | CLOSED ON: April 10, 2024 (Wednesday)

The Equity Shares of the Company are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE Emerge'), in terms of the Chapter IX of the SEBIICDR Regulations. Our Company has received in-principle approval from National Stock Exchange of India Limited (NSE) for the listings of Equity Shares pursuant to letter dated March 14,2024. NSE is the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or about April 16.2024 (Subject to receipt of listing and trading approvals from the NSE Limited).

SUBSCRIPTION DETAILS

The Issue has received 77937600 applications (excluding the multiple, duplicate bids, Canceled bids or withdrawal bids) for 49,99,200 Equity Shares (before technical rejections) resulting in 15.59 times subscription (including reserved portion of Market Maker) as disclosed m the Prospectus. The details of the applications received in the issue from various categones are as under

Details of Application Received: (Before Technical Rejections and after Bid Bands)

Category

No. of Applications

No. of Equity Shares Applied

Equity Shares reserved as per Prospectus

Subscription

Market Maker

1

252000

252000

1

Retail Individual Investors

43395

52074000

3094800

16.83

Other than Retail Individual Investors

4259

27386400

1652400

16.57

Total

47655

79712400

4999200

15.95

‘Subscription time have been computed on the basis of the issue size as per the Prospectus

Summary of valid applications for Non Retail, Retail and Market Maker categories, are as mentioned below

Sr. No.

Category

Gross

Less: Rejections*

Valid

Applns

Equity Shares

Applns

Equity Shares

Applns

Equity Shares

1

Reserved for Market Maker

1

252000

-

-

1

252000

2

Non-Retail Investors

4259

27386400

92

343200

4167

27043200

3

Retail Individual Investors

43395

52074000

1193

1431600

42202

50642400

Total

47655

79712400

1285

1774800

46370

77937600

'This indudes 415 applications for 4,98,000 equity shares from Retail investors which were not in book but excludes bids (UPI mandates) not accepted by investors. Details of Applications rejected by the Registrar on technical grounds:

Category

No. of Applications

No. of Equity Shares

Market Maker

-

Retail Individual Investors

1193

1431600

Other than Retail Individual Investors

92

343200

Total

1285

1774800

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange on Friday. April 12.2024.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price ofRs. 100/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1 times. The total number of shares allotted in this category is 252000 Equity Shares

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 1007- per Equity Share, was finalized in consultation with NSE. The category was subscribed 16.36 times. The total number of shares allotted in this category is 3094800 Equity Shares to 50642400 successful applicants.

No. of Shares applied for (Category wise)

No. of Applications Received

% to total

Total No. of Shares Applied in each category

% of total

Proportionate  Shares Available

Allocation per Applicant

Ratio of Allottees to Applicants

Total No. of Shares Allocated/ Allotted

Surplus/ Deficit

Before Rounding off

After Rounding off

1200

42202

100.00

50642400

100 00

3094800

73.33

1200

73.33T 1200

3094800

0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs. 100/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 16.37 times. The total number of shares allotted in this category is 1652400 Equity Shares.

The Category-wise details of the Basis of Allotment are as under

No. of Shares applied for (Category wise)

Number of Applications Received

% to total

Total No. of Shares Applied in each category

%of total

Proportionate Shares Available

Allocation per Applicant

Ration of Allottees to Applicants

Total No. of Shares Allocated/Alloted

Surplus/ Deficit

Before Rounding off

After Rounding off

2400

2660

63.83

6384000

23.61

390077

146 65

1200

65

532

390000

-77

3600

336

8.06

1209600

4.47

73909

219.97

1200

31

168

74400

491

4800

310

7.44

1488000

5.50

90920

293.29

1200

38

155

91200

280

6000

143

3.43

858000

3.17

52426

366.62

1200

4

13

52800

374

7200

53

1.27

381600

1.41

23317

439.94

1200

19

53

22800

-517

8400

42

1.01

352800

1.30

21557

51326

1200

3

7

21600

43

9600

100

2.40

960000

3.55

58658

586 58

1200

49

100

58800

142

10800

161

3.86

1738800

6.43

106245

65991

1200

88

161

105600

-645

12COO

122

2.93

1464000

5.41

89454

733.23

1200

75

122

90000

546

13200

22

0.53

290400

1.07

17744

806.55

1200

15

22

18000

256

14400

24

0.58

345600

1.28

21117

87988

1200

3

4

21600

483

15600

16

0.38

249600

0.92

15251

95319

1200

13

16

15600

349

16800

10

0.24

168000

0.62

10265

10265

1200

9

10

10800

535

18000

24

0.58

432000

1.60

26396

1099.83

1200

11

12

26400

4

19200

7

0.17

134400

0.50

8212

1173.14

1200

1

1

8400

188

20400

7

0.17

142800

0.53

8725

1246.43

1200

1

1

8400

-325

21600

6

0.14

129600

0.48

7919

131983

1200

1

1

7200

-719

0.00

0.00

1200

1

6

1200

1200

22800

7

0.17

159600

0.59

9752

1393.14

1200

1

1

8400

-1352

0.00

0.00

1200

1

7

1200

1200

24000

20

0.48

480000

1.77

29329

1466.45

1200

1

1

24000

-5329

0.00

0.00

1200

1

5

4800

4800

25200

14

0.34

352800

1.30

21557

1539.79

1200

1

1

16800

-4757

0.00

0.00

1200

2

7

4800

4800

26400

2

0.05

52800

0.20

3226

1613

1200

1

1

2400

-826

0.00

0.00

1200

1

2

1200

1200

27600

4

0.10

110400

0.41

6746

1686.5

1200

1

1

4800

-1946

0.00

0.00

1200

1

2

2400

2400

28800

7

0.17

201600

0.75

12318

175971

1200

1

1

8400

-3918

0.00

0.00

1200

3

7

3600

3600

30000

5

0.12

150000

0.55

9165

1833

1200

1

1

6000

-3165

0.00

0.00

1200

3

5

3600

3600

31200

3

0.07

93600

035

5719

1906.33

1200

1

1

3600

-2119

0.00

0.00

1200

2

3

2400

2400

32400

1

002

32400

0.12

1980

1980

2400

1

1

2400

420

33600

3

0.07

100800

0.37

6159

2053

1200

1

1

3600

-2559

0.00

0.00

1200

2

3

2400

2400

34800

2

0.05

69600

0.26

4253

2126.5

1200

1

1

2400

•1853

0.00

0.00

1200

1

2

1200

1200

36000

6

0.14

216000

080

13198

2199.67

1200

1

1

7200

-5998

0.00

0.00

1200

5

6

6000

6000

37200

1

0.02

37200

0.14

2273

2273

2400

1

1

2400

127

39600

1

0.02

39600

0.15

2420

2420

2400

1

1

2400

-20

40800

4

0.10

163200

0.60

9972

2493

2400

1

1

9600

-372

42000

4

0.10

168000

0.62

10265

2566.25

2400

1

1

9600

•665

0.00

0 00

1200

1

4

1200

1200

43200

1

0.02

43200

0.16

2640

2640

2400

1

1

2400

-240

44400

1

002

44400

0.16

2713

2713

2400

1

1

2400

-313

45600

1

0.02

45600

0.17

2786

2786

2400

1

1

2400

-386

46800

1

0.02

46800

0.17

2860

2860

2400

1

1

2400

-460

48000

7

0.17

336000

1.24

20530

2932.86

2400

1

1

16800

-3730

0.00

0.00

1200

3

7

3600

3600

50400

1

0.02

50400

0.19

3080

3080

3600

1

1

3600

520

51600

1

0.02

51600

019

3153

3153

3600

1

1

3600

447

60000

6

0.14

360000

1.33

21997

3666.17

3600

1

1

21600

-397

66000

2

0.05

132000

049

8065

4032.5

3600

1

1

7200

-865

0.00

0.00

1200

1

2

1200

1200

67200

1

0.02

67200

0.25

4106

4106

3600

1

1

3600

-506

72000

1

0.02

72000

027

4399

4399

4800

1

1

4800

401

76800

1

0.02

76800

0.28

4693

4693

4800

1

1

4800

107

79200

1

0.02

79200

0.29

4839

4839

4800

1

1

4800

-39

0400

1

0.02

80400

0.30

4913

4913

4800

1

1

4800

-113

100800

1

0.02

100800

0.37

6159

6159

6000

1

1

6000

-159

108000

1

0.02

108000

0.40

6599

6599

6000

1

1

6000

-599

116400

1

0.02

116400

0.43

7112

7112

7200

1

1

7200

88

120000

1

0.02

120000

0.44

7332

7332

7200

1

i

7200

-132

144000

1

0.02

144000

0.53

8799

8799

8400

1

1

8400

-399

180000

1

0.02

180000

0.67

10998

10998

10800

1

i

10800

-198

199200

2

0.05

398400

1.47

24343

12171.5

12000

1

1

24000

-343

214800

1

0.02

214800

0.79

13125

13125

13200

1

i

13200

75

380400

1

0.02

380400

1.41

23243

23243

22800

1

1

22800

-443

398400

1

0.02

398400

1.47

24343

24343

24000

1

i

24000

-343

999600

1

0.02

999600

3.70

61078

61078

61200

1

1

61200

122

1500000

1

0.02

1500000

5.55

91653

91653

91200

1

i

91200

-453

1740000

1

0.02

1740000

6.43

106318

106318

106800

1

1

106800

482

GRAND TOTAL

4167

100.00

27043200

100.00

1652400

1652400

0

The Board of Directors of the Company at its meeting held on April 12,2024 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The refund I allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or about April 15.2024. Further, the instructions to Self- Certified Syndicate Banks for unblocking the amount will be processed on or prior to April 15,2024. In case the same is not received within ten days, investors may contact Registrar at the address given below.

The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on BSE within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated March 30.2024 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue BIGSH ARE SERVICES PRIVATE LIMITED at www.bigshareonline.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the Firsti'Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

wpe103.jpg (1663 bytes) BIGSHARE SERVICES PRIVATE LIMITED
Address: Office No. S6-2.6th Floor. Pinnacle Business Park. Next to Ahura Centre. Mahakali Caves Road. Andheri (East), Mumbai - 400093. Tel No.: +91 22-62638200.
Fax No.: +91 22-62638299: Website: www.bigshareonline.com E-Mail: ipo@bigshareonline.com;
Investor Grievance Email: investor@bigshareonline.com; Contact Person: Mr. Asif Sayyed, SEBI Reg. No.: INR000001385

 

For DCG Cables & Wires Limited

On behalf of the Board of Directors

Sd /-

Place Ahmedabad

Shwetal Matrwal

Dale April 15, 2024

Company Secretary & Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF DCG CABLES & WIRES LIMITED.

The Equity Shares have not been and will not be registered under the US Securities Act. 1933 {'Securities Act') or any state securities law in United States and may not be Issued or sold within the United States or to. or for the account or benefit of. 'U.S. Persons" (as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. 1933.

Close