Business description from prospectus – DP Wires is engaged in manufacturing and supply of Steel wires, plastic pipes and plastic films which find its application in industries like oil & gas, power, environment, civil, energy, automobile, infrastructure etc. All its manufacturing divisions are situated in a single premise at Industrial Estate, Ratlam.
In the year 2001-02, it started commercial production of wire drawing of high carbon, low carbon & alloy steel, polyethene and polyethene layflat tubing. In year 2003-04 it started production of LRPC Strands used in bridges, flyovers etc.
The company is also engaged in power generation through 2 wind farms of 0.80 MW each in village Okha-Madhi and Jodhpur in District Jamnagar. It has entered into PPA with Gujarat Urja Vikas Nigam Limited for sale of electricity generated through these wind farms for a period of 20 years. Both these wind farms were installed on turnkey basis by Eneron India Pvt. Ltd. in the year 2006-07.
Its Plastic Products have been used in Lining of Canals, Landfills, Highway & Road Constructions, Ponds, Tanks, Water Reservoirs, Mining, and Solution Ponds and for corrosion Resistant on Steel tanks etc.
Promoters of DP Wires – Mr Praveen Kataria, Mr Hemant Kataria and Mrs Asha Devi Kataria
DP Wires IPO details
|Subscription Dates||21 - 26 September 2017|
|IPO Price band||INR75 per share|
|Fresh issue||3,584,000 shares (INR26.88 crore)|
|Offer for sale||Nil|
|Total IPO size||3,584,000 shares (INR26.88 crore)|
|Minimum bid (lot size)||1,600 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge SME platform|
DP Wires' financial performance (in INR crore)
|Profit after tax||1.4||1.2||1.7||2.2||5.0|
Subscription (no. of times)
Earnings Per Share (EPS): INR5.03
Price/Earnings (P/E) ratio: 14.91
Return on Net Worth (RONW): 18.04%
Net Asset Value (NAV): INR27.88 per share
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
IPO Opening Date: 21 September 2017
IPO Closing Date: 26 September 2017
Listing Date: 5 October 2017
Listing Price on NSE SME: INR78 per share (up 4% from IPO price)
Closing Price on NSE SME: INR75 per share (no change from IPO price)