DP Wires IPO

DP Wires IPOBusiness 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
Retail Allocation 50%
Listing On NSE Emerge SME platform

DP Wires’ financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 97.8 93.6 139.1 160.0 196.8
Total expenses 95.2 91.9 137.0 157.2 189.8
Profit after tax 1.4 1.2 1.7 2.2 5.0

DP Wires Limited
Industrial Estate,
Ratlam- 457001, Madhya Pradesh

Phone: +91 7412 261130
Email: [email protected]
Website: www.dpwires.co.in


Subscription (no. of times)

Day 1 0.26
Day 2 0.34
Day 3 1.17
Day 4 1.55


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 
+91 22 2847 5201
 [email protected]
Website: www.bigshareonline.com

DP Wires IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

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)



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