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
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