How To Check DCG Cables IPO Allotment Status

DCG Cables and Wires Ltd. is finalizing its IPO share allotment today, Friday, April 12. Investors who have applied for the IPO can check their allotment status online via the registrar's portal, Bigshare Services Pvt Ltd.

This step-by-step guide will help you understand how to find out if you’ve been allocated shares and the next steps if you have or haven’t.

Checking IPO Allotment Status on Registrar's Website

Follow these steps to check the DCG Cables IPO allotment status:

  1. Start by going to Bigshare Services Pvt Ltd's official website.
  2. Select “DCG Cables and Wires Ltd IPO” from the company name field on the webpage.
  3. In the ‘Selection Type' dropdown, select either Application number, Beneficiary ID, or PAN (Permanent Account Number) ID
  4. Enter Your Credentials: Fill in your application number, PAN, or Beneficiary ID, based on the selection above.
  5. Complete Security Check: Enter the captcha to verify you're not a robot.
  6. Submit & Check: Click the "Search" button to review your allotment status.

For applicants who receive shares, these will be credited directly to your demat accounts. Those who do not receive shares will see the initiation of the refund process.

See also: How To Check Teerth Gopicon IPO Allotment Status

DCG Cables IPO GMP and Market Potential

As the time of writing, the grey market premium (GMP) for DCG Cables and Wires Ltd is positive, standing at +10 according to investorgain.com. This suggests a strong investor interest, as shares are trading at a ₹10 premium over the IPO price in the grey market. Based on this premium, the estimated listing price could rise to ₹110 per share, indicating a potential 10% increase from the IPO price set at ₹100.

Investor sentiment has been bullish, with the IPO GMP trending upwards over the last 11 sessions, hinting at a strong market debut. GMP fluctuations have ranged from ₹0 to ₹18, showcasing varying investor expectations.

About DCG Cables and Wires: Founded in 2017, DCG Cables and Wires specializes in manufacturing copper cables and wires for transformer manufacturers in India. The company’s diverse product portfolio includes Copper Strips, Paper Covered Copper Strips, and various insulated copper conductors among others. With the IPO, DCG Cables & Wires intends to raise ₹49.99 crore to cover public issue expenses, enhance working capital, and fund future capital expenditures for facility development.

Read next: Airtel’s Bharti Hexacom Lists At 32% Premium

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Posted In: NewsIPOsDCG Cables and Wires