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Polycab India Limited IPO (Polycab IPO) Detail

Apr 5, 2019 - Apr 9, 2019

Incorporated in 1996, Mumbai based Polycab India Limited is engaged in the business of manufacturing, selling and distributing wires, cables and Fast Moving Electrical Goods (FMEG) products. Some of the FMEG products produced by the company are solar products, luminaires, LED lighting, electric fans, and switchgear.

The company entered into an engineering, procurement and construction ("EPC") business and FMEG business in 2009 and 2014, respectively. As on 31st March 2018, it has more than 3,300 authorized dealers and distributors, 100,000 retail outlets, 24 manufacturing facilities and 29 warehouses in India. All the sales and marketing activities of the company are handled through corporate office, three regional offices and 20 local offices located across India.

For Fiscal 2018, the company has market shares of nearly 18% of the organized wires and cables industry and around 12% of the total wires and cables industry in the country based on manufacturers realization.

In 2016, Polycab Wires Private Limited entered into a joint venture agreement with Trafigura to establish a manufacturing facility in Waghodia, India for producing copper wire rods. The plant is expected to start commercial operations by the end of Fiscal 2019 and produce around 258,620 MT of copper wire rods in a year. With full operational activities, the Ryker Plant will strengthen the backward integration and meet the demand of copper wire rods in future.

The company has exported products to 40 countries outside India and contributed 5.14% in total revenue for Fiscal 2018. From Fiscals 2016 to 2018, total income less excise duty, EBITDA and profit for the year of the company grew at a CAGR of 14.31% and 23.80% and 41.69%, respectively.

The future strategies of the company are:
• Make market presence more prominent in wires and cables sector
• Enhance and expand FMEG business
• Increase reach by expanding the distribution network
• Improve operational efficiency by investing in technology
• Increase brand awareness

The competitive strengths of the company are:
• Market leader in the respective segment in India
• Diverse customer base
• A range of electrical products
• Established distribution network

Company Promoters:

Promoters of the Company:
1. Inder T. Jaisinghani,
2. Ajay T. Jaisinghani,
3. Ramesh T. Jaisinghani And
4. Girdhari T. Jaisinghani

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. 10 Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 53,859.07 44,432.58 45,788.08 38,747.40
Total Revenue 55,067.00 69,239.17 60,470.08 57,142.41
Profit After Tax 3,582.23 3,709.20 2,329.56 1,847.04

Objects of the Issue:

The Net Proceeds from the Fresh Issue are proposed to be utilised towards the following objects:

1. Scheduled repayment of all or a portion of certain borrowings availed by the Company;
2. To fund incremental working capital requirements of the Company; and
3. General corporate purposes.

Polycab IPO Details

Issue OpenApr 5, 2019 - Apr 9, 2019
Issue TypeBook Built Issue IPO
Issue Size[.] Eq Shares of Rs 10
(aggregating up to Rs 1,346.00 Cr)
Fresh Issue[.] Eq Shares of Rs 10
(aggregating up to Rs 400.00 Cr)
Offer for Sale17,582,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 533 - Rs 538 Per Equity Share
Employee Discount53
Market Lot27 Shares
Min Order Quantity27 Shares
Listing AtBSE, NSE

Polycab IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 5, 2019
Bid/Offer Closes OnApr 9, 2019
Finalisation of Basis of AllotmentApr 12, 2019
Initiation of RefundsApr 15, 2019
Credit of Shares to Demat Acct:Apr 16, 2019
IPO Shares Listing Date:Apr 18, 2019

Polycab IPO Promoter Holding

Pre Issue Share Holding78.94%
Post Issue Share Holding

Polycab IPO Subscription Status (Bidding Detail)

Polycab IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

5,004,328

3,737,535

8,720,914

175,000

17,637,777

Apr 9, 2019 18:49

92.44x

110.42x

4.50x

3.19x

51.88x

Polycab IPO Prospectus

Polycab IPO Rating

1455
4.2
Rating:Rated 4.2 stars

Vote Here ...

Polycab IPO Listing Date

Listing DateTuesday, April 16, 2019
BSE Script Code542652
NSE SymbolPOLYCAB
Listing InB
ISININE455K01017
Issue PriceRs 538 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 538.00
Rs 633.00
Rs 633.00
Rs 667.55
Rs 655.00
2,242,831
NSE
Rs 538.00
Rs 633.00
Rs 630.00
Rs 667.80
Rs 654.80
22,985,293

Company Contact Information

Polycab India Limited
E-554,
Greater Kailash - II,
New Delhi 110 048

Phone: +91 11 2922 8574
Email: investor.relations@polycab.com
Website: http://polycab.com/

Polycab IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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Polycab IPO Review / Comments

Eagleye
765. Eagleye  May 29, 2019 12:32 I Like It. 5 | Report Abuse
IPO Guru IPO Guru (4800+ Posts, 15500+ Likes)
On 09th May:
KEI Inds @365
Polycab @660

On 29th May:
KEI Inds @525
Polycab 620

KEI Inds 365 to 525⬆
Polycab 660 to 620⬇

Relative performance of peer group companies ... after financial results 🤷🏼‍♂
Eagleye
764. Eagleye  May 27, 2019 18:22 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (4800+ Posts, 15500+ Likes)
THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 24th May 2019)


A) DRHP Filed - SEBI Approval *Awaited*:

1) Sterling and Wilson Solar >>> DRHP date 15-Apr-19
2) Bajaj Energy >>> DRHP date 05-Apr-19
3) Annai Infra Developers >>> DRHP date 30-Mar-19
4) Satyasai Pressure Vessels >>> DRHP date 15-Mar-19
5) Powerica >>> DRHP date 08-Mar-19
6) Reliance General Insurance Co. >>> DRHP date 08-Feb-19
7) Penna Cement Industries >>> DRHP date 05-Nov-18
8) Shri Bajrang Power and Ispat >>> DRHP date 12-Sep-18
9) Angel Broking >>> DRHP date 05-Sep-18


B) SEBI Approval *Received* *(within the past 5 months)*:

1) Emami Cement >>> SEBI Approval 15-May-19
2) Shriram Properties >>> SEBI Approval 09-Apr-19
3) T & T Infra >>> SEBI Approval 22-Mar-19
4) Coldex >>> SEBI Approval 15-Mar-19
5) Antony Waste Handling >>> SEBI Approval 08-Mar-19
6) Senco Gold >>> SEBI Approval 06-Mar-19
7) Heranba Industries >>> SEBI Approval 22-Feb-19
8) Vishwaraj Sugar Industries >>> SEBI Approval 15-Feb-19
9) Uniparts India >>> SEBI Approval 01-Feb-19
10) Stove Kraft >>> SEBI Approval 23-Jan-19
11) Chartered Speed >>> SEBI Approval 11-Jan-19
12) Narmada Biochem >>> SEBI Approval 02-Jan-19


C) SE8I Approval *Received* *(>5 months ago)*:

13) Prince Pipes and Fittings >>> SEBI Approval 28-Dec-18
14) Studds Accessories >>> SEBI Approval 14-Dec-18
15) Shyam Metallics and Energy >>> SEBI Approval 07-Dec-18
16) Flair Writing Industries >>> SEBI Approval 30-Nov-18
17) Neccon Power & Infra >>> SEBI Approval 29-Nov-18
18) Inventia Healthcare >>> SEBI Approval 22-Nov-18
19) Xelpmoc Design and Tech >>> SEBI Approval 20-Nov-18
20) Zircon Technologies >>> SEBI Approval 12-Nov-18
21) Sansera Engineering >>> SEBI Approval 12-Nov-18
22) Mrs.Bectors Food Specialities >>> SEBI Approval 09-Nov-18
23) PNB Metlife India Insurance Co. >>> SEBI Approval 02-Nov-18
24) AGS Transact Technologies >>> SEBI Approval 26-Oct-18
25) Harsha Engineers >>> SEBI Approval 19-Oct-18
26) Affle India >>> SEBI Approval 19-Oct-18
27) Dodla Dairy >>> SEBI Approval 17-Oct-18
28) Bharat Hotels >>> SEBI Approval 12-Oct-18
29) Spandana Spoorthy Financial >>> SEBI Approval 12-Oct-18
30) ASK Investment Managers >>> SEBI Approval 05-Oct-18
31) Muthoot Microfin >>> SEBI Approval 05-Oct-18
32) Puranik Builders >>> SEBI Approval 05-Oct-18
33) Nihilent>>> SEBI Approval 01-Oct-18


D) SEBI Approval *Received* *(>8 months ago)*:

34) Aakash Educational Services >>> SEBI Approval 28-Sep-18
35) Ami Organics >>> SEBI Approval 28-Sep-18
36) Century Metal Recycling>>> SEBI Approval 27-Sep-18
37) Anmol Industries >>> SEBI Approval 21-Sep-18
38) Indiamart Intermesh >>> SEBI Approval 14-Sep-18
39) Avana Logistek >>> SEBI Approval 14-Sep-18
40) Hinduja Leyland Finance >>> SEBI Approval 07-Sep-18
41) Srei Equipment Finance >>> SEBI Approval 07-Sep-18
42) Penver Products >>> SEBI Approval 05-Sep-18
43) Vectus Industries >>> SEBI Approval 31-Aug-18
44) Milltec Machinery >>> SEBI Approval 30-Aug-18
45) Craftsman Automation >>> SEBI Approval 24-Aug-18
46) Route Mobile >>> SEBI Approval 16-Aug-18
47) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
48) SembCorp Energy India >>> SEBI Approval 01-Aug-18
49) Montecarlo >>> SEBI Approval 31-Jul-18
50) Crystal Crop Protection >>> SEBI Approval 27-Jul-18
51) ReNew Power >>> SEBI Approval 18-Jul-18
52) PN Gadgil & Sons >>> SEBI Approval 13-Jul-18
53) G R Infraprojects >>> SEBI Approval 11-Jul-18
54) K P R Agrochem >>> SEBI Approval 10-Jul-18
55) Lodha Developers >>> SEBI Approval 06-Jul-18
56) Shakun Polymers >>> SEBI Approval 05-Jul-18
57) Flemingo Travel Retail >>> SEBI Approval 29-Jun-18
58) Nekkanti Sea Foods >>> SEBI Approval 22-Jun-18
59) Atria Convergence Technologies >>> SEBI Approval 15-Jun-18
60) Sandhya Marines >>> SEBI Approval 12-Jun-18
Roxpatel
764.1. Roxpatel  May 28, 2019 09:28 I Like It. | Report Abuse
Thanks for the reliable info
rvr
763. rvr  May 21, 2019 13:11 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
There is high chance Nifty on tiple top and may go below 11k and 10k..................................................
rvr
762. rvr  May 17, 2019 12:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Careful on Market guys ................11108 breaks in Nifty bigger level wave running and 200% it will reach 9xxx in no time.....................so dont invest fresh or stay light...just an friendly advice
JayD
762.3. JayD  May 17, 2019 12:26 I Like It. | Report Abuse
Ha Ha.....DO you think people have so much time to track yours all past messages.....Make it clear naa in yours recent post....Its share market. Everyday goes up and down. It can be hit in the range of 20-25% up or down in a time period of one or two month.....I hv seen lots of people who claims there target achived after 4-5 months of posting their recommendation....Even in between investor lost huge............... I hv seen urs msg at 12.12 on May 17......No where it is mentioned that when u have given this target...So its just happened....
Roxpatel
762.4. Roxpatel  May 17, 2019 14:23 I Like It. | Report Abuse
Totally agree with JayD
Arjun Patel
761. Arjun Patel  May 16, 2019 11:40 I Like It. 5 | Report Abuse
Failed in Polycab.
I am still holding
SL 597

Hope for 700
Looks Difficult with Poor Promoter Results
Eagleye
761.3. Eagleye  May 17, 2019 11:39 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (4800+ Posts, 15500+ Likes)
Market has given its verdict on Promoter quality
rvr
761.4. rvr  May 17, 2019 11:52 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
@Eagleeye did u remember my short call on Nifty and Polycab.............?
Bhavy Gehlot
760. Bhavy Gehlot  May 16, 2019 10:04 I Like It. | Report Abuse
Polycab sell karna chaiye ya hold
KING VINOD
759. KING VINOD  May 13, 2019 17:32 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
We can hold for Long term
Roxpatel
759.1. Roxpatel  May 14, 2019 14:33 I Like It. | Report Abuse
635 now, buying opportunity for them who missed the train
Roxpatel
758. Roxpatel  May 10, 2019 10:01 I Like It. 1 | Report Abuse
Got high of 677
harit
757. harit  May 6, 2019 10:17 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Narrow range bound 640-645
Anytime brake out can be seen
Polycab is strong against weak market
harit
757.1. harit  May 6, 2019 10:43 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Jump of 5 rs suddenly
If sustained above 645 than today is the day for brake out
shaikibu
756. shaikibu  May 3, 2019 16:19 I Like It. | Report Abuse
Hi Friends,
I applied 3 lots from 3 different account and i got 2 lots.
In my own account IDBI i applied on 8th April and i got email and message saying shares not allotted.
I thought money will be back and i left it all these days. Now i realized after checking my account that money was not credited back. Usually it will be in Lien balance.
When i called IDBI bank and raise complaint. They clearly told like money got debited and credited to the beneficiary.

To whom i have to raise complaint? To BSE or KARVY?
Karvy people not lifting the call.
I applied for many ipo's. This is the first time i am facing this kind of issue.
Appreciate your help
harit
756.1. harit  May 3, 2019 19:09 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
1-chk ur dp id(share credited? )
2-ask ur bank branch for a letter
Undertaking that ur amount
Debit with tr. Id and beneficiary
Details
3-send all the details to bse, nse,
Sebi, karvy with ur dp id and
Other details and ask a folio
number
Also inquiry to dp
This is unique case
Please share results
(Ur branch will help maximum )
Rohit Budke
755. Rohit Budke  May 3, 2019 14:33 I Like It. | Report Abuse
Any idea.. on which date the financial result of polycab will declare?
Spartans
754. Spartans  May 2, 2019 10:20 I Like It. | Report Abuse
Polycab hold ya sell plz suggest
Roxpatel
754.1. Roxpatel  May 2, 2019 10:42 I Like It. 1 | Report Abuse
If you need money, sell or if you want big return hold for long
harit
754.2. harit  May 2, 2019 20:23 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Strong base @634 with volume
Hold with stoploss of 614(closing basis)
See 1-2 quarters results
Rural centric economy policy
And electrification in all villages in india by 2020 will help this sectors go sky high
Reasonable valuation, good managed co.
Can/may give u gold return next couple of years
rvr
753. rvr  Apr 18, 2019 10:31 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
luckily sold @ 660 avg................may fall to 580 to 560...........lets wait
Roxpatel
753.10. Roxpatel  May 17, 2019 14:20 I Like It. | Report Abuse
After your 580-560 comment, polycab went to touch 667, and made high of 677
So it was wrong call at that time and that call is too old now in current situation
JayD
753.11. JayD  May 17, 2019 14:31 I Like It. | Report Abuse
Thanks Roxpatel....

harit
752. harit  Apr 24, 2019 17:57 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Consolidated between range of 625-640
harit
752.1. harit  May 3, 2019 19:25 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Range narrow
636-645
Once britches 645 with volumes on closing basis, fresh move starts
Chem cho
751. Chem cho  Apr 18, 2019 10:07 I Like It. 8 | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
BUY RS 615 TO 620
Chem cho
751.21. Chem cho  May 10, 2019 10:14 I Like It. | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
HIGH RS 677 ON 10 MAY 19
ipo madness
751.22. ipo madness  May 15, 2019 09:24 I Like It. 1 | Report Abuse
Should we exit sir??
Arjun Patel
750. Arjun Patel  Apr 16, 2019 11:56 I Like It. 10 | Report Abuse
Some Big Investors Boarded Train of Polycab.
You will get to know soon.

Many DIIs and FIIs also bought Big Quantity .
DownriteVJ
750.2. DownriteVJ  Apr 18, 2019 17:24 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Which?
Kaal
750.3. Kaal  Apr 19, 2019 19:44 I Like It. | Report Abuse
Any details about fii & dii
Ajax
749. Ajax  Apr 19, 2019 19:29 I Like It. | Report Abuse
You, sir , are pure genius.
Ajax
749.1. Ajax  Apr 19, 2019 19:30 I Like It. | Report Abuse
@Chem Cho
Ramkishan Kulharia
748. Ramkishan Kulharia  Apr 16, 2019 13:57 I Like It. 1 | Report Abuse
I have 27 shares polycab I can wait fore one year whate I do
Silapathar
748.1. Silapathar  Apr 18, 2019 21:19 I Like It. 1 | Report Abuse
Then wait for 1 year....If it touches 900, sell
mentor ipo
747. mentor ipo  Apr 18, 2019 10:21 I Like It. | Report Abuse
Anyone suggest, what to do, sell or wait ???
Saurabh Bansal
746. Saurabh Bansal  Apr 18, 2019 09:48 I Like It. | Report Abuse
Sir I have get confirmation mail from exchange that I have alloted 1 lot of polycab but still share is not credit in my demat account.



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