Polycab India Limited IPO

Polycab India Limited Profile

Polycab India is involved in the business of manufacturing and selling wires and cables and fast moving electrical goods (“FMEG”) under the “POLYCAB” brand. Apart from wires and cables, they manufacture and sell FMEG such as electric fans, LED lighting and luminaires, switches and switchgear, solar products and conduits and accessories.

Their promoters collectively have more than four decades of experience among them. Polycab Company was incorporated as ‘Polycab Wires Private Limited’ on January 10, 1996, at Mumbai as a private limited company under the Companies Act, 1956.

They manufacture and sell a diverse range of wires and cables and key products in the wires and cables segment are power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi-core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires. They diversified into the engineering, procurement, and construction (“EPC”) business, which includes the design, engineering, supply, execution, and commissioning of power distribution and rural electrification projects. In 2014, we diversified into the FMEG segment and key FMEG are electric fans, LED lighting and luminaires, switches and switchgear, solar products and conduits and accessories.

Key Strengths:

Commitment: They believe that they will demonstrate by focusing on company objectives and the needs of customers.

Respect: They believe that they respect people for what they are and their well-being as well as recognize each other efforts and contribution.

Experienced Management Team: A young and dynamic work environment filled with innovation and ideas which lead or leading to strong relationships, and mutual respect.

Polycab India Limited Promoters:

The Promoters of the Company are: Inder Jaisinghani, Ajay Jaisinghani, Ramesh Jaisinghani, and Girdhari Jaisinghani

Polycab India Limited IPO details:

Symbol: POLYCAB

Issue Size: Initial Public offer of Up to [.] Equity Shares comprising of fresh issue of up to Rs. 4,000 Million and Offer for Sale of up to 1,75,82,000 Equity Shares (including anchor portion of 74,54,119 Equity Shares).

Face Value:  Rs 10

Price Range: Rs 533 to Rs 538

Issue Type: 100% Book Building

Bid Lot: 27 Equity Shares and in multiples thereof

Minimum Order Quantity: 27 Equity Shares

Issue Period: 05 April 2019 to 09 April 2019

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Registrar: Karvy Fintech Private Limited        

Listing At: BSE, NSE                                 

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

Polycab India Limited Financials:

 

                                   Polycab India financial performance (in INR crore)
FY2016 FY2017 FY2018 9M FY2019
Total revenue 5,747.3 6,122.2 6,986.0 5,561.1
Total expenses 5,481.9 5,760.9 6,409.7 5,010.3
Profit after tax 182.9 232.3 373.2 357.4
Net margin (%) 3.2 3.8 5.3 6.4

                                                           

Polycab India Limited IPO Subscription Details:

Category Shares offered Subscription (no. of times)
Day1 Day 2 Day 3
QIB 5,004,328 1.98 3.63 92.44
NII 3,737,535 0.08 0.70 110.42
Retail 8,720,914 0.27 1.52 4.27
Employees 175,000 0.46 1.77 3.16
Total 17,637,777 0.72 1.94 51.77

 

Polycab India IPO Grey Market Price, Rates, GMP Premium

Polycab India Limited IPO Grey Market Premium (GMP) as on 15-04-2019 today at Rs. 70 with Kostak at Rs N/A.

Polycab India Limited IPO Grey Market Premium (GMP) as on 14-04-2019 at Rs. 70 with Kostak at Rs N/A.

Polycab India Limited IPO Grey Market Premium (GMP) as on 13-04-2019 at Rs. 70 with Kostak at Rs N/A.

Polycab India Limited IPO Grey Market Premium (GMP) as on 12-04-2019 at Rs. 70 with Kostak at Rs N/A.

Polycab India Limited IPO Grey Market Premium (GMP) as on 11-04-2019 at Rs. 70 with Kostak at Rs N/A.

Polycab India Limited IPO Grey Market Premium (GMP) as on today 10-04-2019 today at Rs. 70 with Kostak at Rs N/A.

Polycab India Limited IPO Grey Market Premium (GMP) as on 9-04-2019 today at Rs. 70 with Kostak at Rs 900.

Polycab India Limited IPO Grey Market Premium (GMP) as on 8-04-2019 today at Rs. 85 with Kostak at Rs 900.

Polycab India Limited IPO Grey Market Premium (GMP) as on 7-04-2019 at Rs. 95 with Kostak at Rs 900.

Polycab India Limited IPO Grey Market Premium (GMP) as on 6-04-2019 at Rs. 95 with Kostak at Rs 900.

Polycab India Limited IPO Grey Market Premium (GMP) as on 5-04-2019 at Rs. 95 with Kostak at Rs 900.

Polycab India Limited IPO Grey Market Premium (GMP) as on 4-04-2019 at Rs. 95 with Kostak at Rs 900.

Polycab India Limited IPO Grey Market Premium (GMP) as on 3-04-2019 at Rs. 75 with Kostak at Rs 600.

Polycab India Limited IPO Grey Market Premium (GMP) as on 2-04-2019 at Rs. 75 with Kostak at Rs 600.

Polycab India Limited IPO Grey Market Premium (GMP) as on 1-04-2019 at Rs. 75 with Kostak at Rs 600.

Polycab India Limited Allotment Status:

Polycab India Limited IPO Allotment Date: 12-April-2019
Polycab India Limited IPO Listing Date: 18-April-2019

 You can check your allotment status using your PAN number.

  • To know about Polycab India Limited IPO allotment Status, visit this page again by end of the above date.
  • With your Family and friends, you can share the allotment status through the Social buttons on top.
  • to know your Polycab India Limited IPO Allotment Status, follow the steps:

    IPO Allotment Status
    IPO Allotment Status – Click Here
  • Click Here to visit the website of the Registrar
  • Select Polycab India Limited from the dropDown Menu (This option will be made available at the end of the above date)
  • Select PAN radio Button
  • Provide your PAN Number
  • Enter the Captcha
  • Click on Submit Button
(Visited 4,664 times, 3 visits today)