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( As on 16/04/2024 12:00)

DCG Cables & Wires Ltd. debuts with 10.00% discount at Rs 90.00

DCG Cables & Wires Ltd. makes a weak debut on the bourses with scrip got listed at Rs 90.00 on the Bombay Stock Exchange, a 10.00 per cent discount to its issue price of Rs 100.00. On the National Stock Exchange, the stock was listed at Rs 90.00.

The company, which raised 0.50 Cr from initial public offering, was subscribed 15.95 times, receiving bids for 797.37 lakhs shares against the total issue size of 49.99 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Apr 08 to Apr 10.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.

The company anticipates using the proceeds of the issue for .

Interactive Financial Services Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 22,272.50, down 246.90 points, or 1.09 per cent.