Polycab IPO description – Polycab is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (FMEG) under the POLYCAB brand.  The company is among the largest manufacturer in the wires and cables industry in India. For Fiscal 2018, it had a market share of approximately 18% of the organized wires and cables industry and approximately 12% of the total wires and cables industry in India, estimated at INR525 billion based on manufacturers realization (Source: CRISIL Research). Polycab manufactures a diverse range of wires and cables and its 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. In 2009, it 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, the company diversified into the FMEG segment and its key FMEG are electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.
Promoters of Polycab – Inder Jaisinghani, Ajay Jaisinghani, Ramesh Jaisinghani and Girdhari Jaisinghani
| Polycab IPO details | |
| Subscription Dates | 5 – 9 April 2019 |
| Price Band | INR533-538 per share (Employee discount – INR53 per share) |
| Fresh issue | INR400 crore |
| Offer For Sale | 17,582,000 shares (INR937.12 – 945.91 crore) |
| Total IPO size | INR1,337.12 – 1,345.91 crore |
| Minimum bid (lot size) | 27 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Objects of Polycab India IPO
- Scheduled repayment of all or a portion of certain borrowings – INR80 crore
- Funding working capital requirements – INR240 crore
- General corporate purposes
- Issue expenses
| Polycab India’s financial performance (in INR crore) | ||||||
| Â | Â | Â | FY2016 | FY2017 | FY2018 | 9M FY2019 |
| Total revenues | Â | Â | 5,747.3 | 6,122.2 | 6,986.0 | 5,561.1 |
| Total expenses | Â | Â | 5,481.9 | 5,760.9 | 6,409.7 | 5,010.3 |
| Comprehensive income | Â | Â | 182.9 | 232.3 | 373.2 | 357.4 |
| Net margin (%) | Â | Â | 3.2 | 3.8 | 5.3 | 6.4 |
More about Polycab India
- Polycab IPO recommendations dotted with subscribe calls
- Polycab IPO Analysis: Should you subscribe?
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Polycab India Contact Details
Polycab India Limited
Polycab House, 771,
Mogul Lane, Mahim (West),
Mumbai 400 016 Phone:Â +91 22 2432 7074
Email: [email protected]
Website:Â www.polycab.com
Registrar of Polycab IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvyfintech.com
Valuation of Polycab India (FY2018)
Earnings Per Share (EPS): INR26.23
Price/Earnings (PE ratio): 20.33 – 20.52
Return on Net Worth (RONW): 15.76%
Net Asset Value (NAV): INR166.39 per share
Polycab India IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 pm) | ||
| Day 1 | 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 IPO Allotment Status
Polycab India IPO allotment status is now available on Karvy website. Click on this link to get allotment status.
Listing Performance of Polycab India
IPO Opening Date: 5 April 2019
IPO Closing Date: 9 April 2019
Finalisation of Basis of Allotment: 12 April 2019
Initiation of refunds: 15 April 2019
Transfer of shares to demat accounts: 16 April 2019
Listing Date: 16 April 2019
Listing Price on BSE: INR633 per share (up 17.66% from IPO price)
Closing Price on BSE: INR654.8 per share (up 21.71% from IPO price)
Very good pricing of Polycab. It will be a huge hit. I’m applying in all family accounts.
Grey market premium (gmp) now 70-80 in Jaipur and Rajkot
What is the listing priice pls?
Bhai itni bhi kya jaldi hai, listing price will be available only after listing! Grey market premium is firm at 80 so I expect listing at 620+
700+ will be the listing price.
I have applied for 189 shares.but get no shares…Why?