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Polycab India Limited IPO

Polycab India Limited IPO

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Listed Price: ₹ 630.00 (+17.10%)

Polycab India Limited's achieved publicly listed status following its IPO debut on 16-04-2019 at the NSE, BSE platform. The offering successfully mobilized 2,50,22,067 Shares, with 74,40,067 Shares allocated to corporate growth initiatives and ₹945.00 Cr providing liquidity to existing shareholders.

Investment participation occurred within the established price band of ₹533 to ₹538, starting from minimum lots of 27 shares. The subscription window from 05-04-2019 through 09-04-2019 enabled investor participation across market segments.

Share allocation was completed on 15-04-2019, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Polycab India IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Polycab India IPO Key Performance Indicator
Company Financials ( in Lakhs )

Polycab India IPO About Company

Incorporated in 1996, Mumbai-based Polycab India Limited is engaged in the manufacturing, selling, and distribution of wires, cables, and fast-moving electrical goods (FMEG) such as solar products, luminaires, LED lighting, electric fans, and switchgear, and it also operates in the EPC business. The company entered the EPC segment in 2009 and the FMEG segment in 2014, and as of March 31, 2018, it had over 3,300 authorized dealers and distributors, around 1,00,000 retail outlets, 24 manufacturing facilities, and 29 warehouses across India, supported by a strong sales and marketing network comprising a corporate office, three regional offices, and 20 local offices. In FY2018, Polycab held nearly 18% market share in the organized wires and cables industry and about 12% of the overall wires and cables market in India. In 2016, the company entered into a joint venture with Trafigura to set up a copper wire rod manufacturing facility at Waghodia, India, with an expected annual capacity of 2,58,620 MT to strengthen backward integration. Polycab has exported products to around 40 countries, with exports contributing 5.14% of total revenue in FY2018, and during FY2016–FY2018, its total income, EBITDA, and profit grew at a CAGR of 14.31%, 23.80%, and 41.69%,


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Polycab India IPO Strength Factors

  1. Market Leadership: A leading player in its segment in India.
  2. Diverse Customer Base: Serves a wide range of customers across segments.
  3. Wide Product Range: Offers a comprehensive portfolio of electrical products.
  4. Strong Distribution Network: Well-established channels ensuring wide market reach.

Polycab India IPO Risk Factors

NA


Polycab India IPO Lead Manager(s)

  • Axis Capital Limited
  • Citigroup Global Markets India Private Limited
  • Edelweiss Financial Services Limited
  • IIFL Securities Limited
  • Yes Securities (India) Limited

Polycab India IPO Promoter(s)

  1. Inder T. Jaisinghani
  2. Ajay T . Jaisinghani
  3. Ramesh T . Jaisinghani
  4. Girdhari T. Jaisinghani

Polycab India IPO Company Details

Polycab India Limited
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Polycab India IPO Registrar

Kfin Technologies Limited
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Polycab India IPO FAQs