Polycab IPO

Polycab India IPOPolycab 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)
FY2016 FY2017 FY2018 9M FY2019
Total revenues 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
Comprehensive income 182.9 232.3 373.2 357.4
Net margin (%) 3.2 3.8 5.3 6.4
Polycab India Contact Details

Polycab India Limited
Polycab House, 771,
Mogul Lane, Mahim (West),
Mumbai 400 016

Phone: +91 22 2432 7074
Email: [email protected]
Website: 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 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: 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)

Polycab IPO
4 (80.57%) 35 votes

6 thoughts on “Polycab IPO

  • April 15, 2019 at 3:58 PM
    Permalink

    I have applied for 189 shares.but get no shares…Why?

    Reply
  • April 9, 2019 at 9:21 PM
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    700+ will be the listing price.

    Reply
  • April 9, 2019 at 7:21 AM
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    What is the listing priice pls?

    Reply
    • April 9, 2019 at 10:03 AM
      Permalink

      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+

      Reply
  • April 5, 2019 at 8:46 AM
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    Grey market premium (gmp) now 70-80 in Jaipur and Rajkot

    Reply
  • April 2, 2019 at 2:07 PM
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    Very good pricing of Polycab. It will be a huge hit. I’m applying in all family accounts.

    Reply

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