Polycab India Limited is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (“FMEG”) under the “POLYCAB” brand.
According to CRISIL Research, company is the largest manufacturer in the wires and cables industry in India, in terms of revenue from the wires and cables segment and provide one of the most extensive range of wires and cables in India.
Company manufactures and sells 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.
Company supplies its products directly to authorized dealers and distributors who in turn supply their products to over 100,000 retail outlets in India. Company manages its sales and marketing activities through its corporate office, three regional offices and 20 local offices in various parts of India as at December 31, 2018. In addition, in Fiscal 2018, company exported its products to over 40 countries. Company revenue from outside India contributed 3.41% of total segment revenue for the nine months period ended December 31, 2018.
Polycab India Limited IPO - Issue Details:
||Polycab India Limited (View Report)
||100% Book Built Issue IPO
||Issue Opens: Apr 05, 2019
| Issue Closes: Apr 09, 2019
||Rs.533* - Rs.538^ per Equity Share
||Rs.1,336.47* Crores – Rs.1,345.26^ Crores
||Rs.10 per Equity Share
||27 Equity Shares and in multiples thereof
|Maximum Bid amount for Retail
||Rs. 2 Lakhs
||50% of the issue size (1,24,58,447* - 1,24,23,532^ Equity Shares)
||15% of the issue size (37,37,535* - 37,27,061^ Equity Shares)
|Retail Individual Bidders
||35% of the issue size (87,20,914* - 86,96,474^ Equity Shares)
||1,75,000 Equity Shares (Rs.8.40* Crs - Rs.8.49^ Crs)
||Rs.53/- per Equity Share
||NSE & BSE
||Karvy Fintech Private Limited
|Book Running Lead Managers
||IIFL Holdings, Yes Securities
* Lower Price Band; ^ Upper Price Band