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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 Date: Tuesday, April 16, 2019
  •   ›  BSE Script Code: 542652
  •   ›  NSE Symbol: POLYCAB
  •   ›  Listing In: B
  •   ›  ISIN: INE455K01017
  •   ›  Issue Price: Rs 538 Per Equity Share
  •   ›  Face Value: Rs 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

avatar
753. harit  Apr 24, 2019 17:57 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
Consolidated between range of 625-640
avatar
752. rvr  Apr 18, 2019 10:31 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
luckily sold @ 660 avg................may fall to 580 to 560...........lets wait
avatar
752.5. rvr  Apr 23, 2019 06:57 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
thanks bro.....I am waiting sideline to add..watch for sometime.....big swing in market expected 10371 or 113xx will come ...either by trump or modi
avatar
752.6. Eagleye  Apr 24, 2019 17:21 I Like It. | Report Abuse
IPO Guru IPO Guru (4700+ Posts, 15000+ Likes)
Nifty today hit 11,756 high, as it did not break the 11,500 level and recovered sharply from 11,560 zone thus reconfirming 11,500 as strong support zone for market.

Until that holds, strong possibility of upmove continuing towards 12,000-12,200 zone.
avatar
751. Chem cho  Apr 18, 2019 10:07 I Like It. 8 | Report Abuse Reply
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
BUY RS 615 TO 620
avatar
751.15. Cautious ipo  Apr 22, 2019 11:03 I Like It. 1 | Report Abuse
Sell immediately ....588/576 on card
avatar
751.16. DownriteVJ  Apr 22, 2019 15:29 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
627
avatar
750. Arjun Patel  Apr 16, 2019 11:56 I Like It. 10 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1800+ Likes)
Some Big Investors Boarded Train of Polycab.
You will get to know soon.

Many DIIs and FIIs also bought Big Quantity .
avatar
750.2. DownriteVJ  Apr 18, 2019 17:24 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
Which?
avatar
750.3. Kaal  Apr 19, 2019 19:44 I Like It. | Report Abuse
Any details about fii & dii
avatar
749. Ajax  Apr 19, 2019 19:29 I Like It. | Report Abuse Reply
You, sir , are pure genius.
avatar
749.1. Ajax  Apr 19, 2019 19:30 I Like It. | Report Abuse
@Chem Cho
avatar
748. Ramkishan Kulharia  Apr 16, 2019 13:57 I Like It. 1 | Report Abuse Reply
I have 27 shares polycab I can wait fore one year whate I do
avatar
748.1. Silapathar  Apr 18, 2019 21:19 I Like It. 1 | Report Abuse
Then wait for 1 year....If it touches 900, sell
avatar
747. mentor ipo  Apr 18, 2019 10:21 I Like It. | Report Abuse Reply
Anyone suggest, what to do, sell or wait ???
avatar
746. Saurabh Bansal  Apr 18, 2019 09:48 I Like It. | Report Abuse Reply
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.
avatar
745. DJ investor  Apr 17, 2019 22:09 I Like It. | Report Abuse Reply
Any short time target ????
avatar
744. Samyak  Apr 17, 2019 00:13 I Like It. | Report Abuse Reply
I have not received the allotment but still money is debited from my account. Is this is the normal process or its a mistake by the bank or the registrar.
PLEASE HELP
avatar
744.8. nileshkp  Apr 17, 2019 19:08 I Like It. | Report Abuse
Samyak it's impossible without allotment bank got debited please check passbook entry it's give you true picture
avatar
744.9. Satoshi Nakamoto  Apr 17, 2019 20:22 I Like It. | Report Abuse
Check first with your bank
avatar
743. Carn Mohan  Apr 17, 2019 17:59 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Volume 24000000 shares delivery 40% about 1 caror delivery means about 95% retailers booked profit.
avatar
743.1. harit  Apr 17, 2019 19:22 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
95% retailers out now
What wil be the implications on price tomorrow?
avatar
743.2. harit  Apr 17, 2019 19:23 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
95% retailers out now
What wil be the implications on price tomorrow?
avatar
742. Carn Mohan  Apr 17, 2019 10:34 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Applied 5 applications from SBI account 2 alloted others person D.mat account.
it wrong that one person apply self account.
avatar
741. R R Patel  Apr 2, 2019 21:14 I Like It. 38 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 3000+ Likes)
Sensex and Nifty touches all time and it indicates more IPOs in coming days. So 3 back to back IPOs.......

1. Polycab India Ltd. (March 29 to April 03):-
Total Rs.1344.98 crores issue.
Total 3,20,025 lots of 27 shares each @Rs.538 per share are available in retail category.
Minimum amount Rs.14,526 required per application. A must apply IPO.
It may give approx 20%+++ listing gain and good for short term as well as long term portfolio stock.

3.Metropolis Healthcare Ltd. (April 03-05, 2019):-
Total Rs.1204.29 crores issue.
Total 78,735 lots of 17 shares each @Rs.880 per share are available in retail category.
Minimum amount Rs.14,960 required per application.
It may give approx 10%+ listing gain and good for short term as well as long term.

3. Rail Vikas Nigam Ltd. (April 05-09, 2019):-
Total Rs.481.57 crores issue.
Total 1,13,435 lots of 780 shares each @Rs.18.5 per share (after Rs.0.5 discount) are available in retail category.
Minimum amount Rs.14,430 required per application.
It may give approx 10%+ listing gain and also good for long term.

One can apply all the three IPOs and if any one wants to apply only one due to fund problem/shortage than apply Polycab. Chances of allotment will be approx 25-30% in all the three IPOs.

Only apply single lot per application.

rrpjodhpur👍👍👍
avatar
741.1. R R Patel  Apr 4, 2019 20:49 I Like It. 16 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3000+ Likes)
Polycab @538 market cap 8K crores.
If it touches 673 (25% premium) on listing day than market cap will be 10K crores.
Current debt 800 crores.
Company has a market share of 18% of the organized wire and cable industries and ranked No.1 in term of revenue in India.
A must apply Ipo.👍👍
avatar
741.2. R R Patel  Apr 16, 2019 21:34 I Like It. 8 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3000+ Likes)
As said market is in good phase and all the three IPO gave some returns after long time and some more coming so be ready for action in primary market as well as in secondary market for next 1-2 months as election results, nifty towards 12K, Sensex towards 40K👍👍
avatar
740. rsk  Apr 16, 2019 21:00 I Like It. 2 | Report Abuse Reply
So far no biggies seem to have boarded Poly "Cab".
avatar
739. Pappi  Apr 16, 2019 18:54 I Like It. 1 | Report Abuse Reply
Sbi lien not remove please help mitro...
avatar
739.1. shub mehta  Apr 16, 2019 19:50 I Like It. 1 | Report Abuse
Same here...
avatar
738. Chem cho  Apr 9, 2019 13:17 I Like It. 5 | Report Abuse Reply
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
ITS PURLY LOTTERY ISSUE

ANY WAY APPLY TO TRY LUCK
avatar
738.9. Chem cho  Apr 16, 2019 11:40 I Like It. 5 | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
RS 630 TO RS 648 Was listing rate mentioned on 9 APRIL 19

LISTS AT RS 633 TODAY
avatar
738.10. CoolWorld  Apr 16, 2019 18:30 I Like It. | Report Abuse
623 is the listing mentioned on 09.04.2019 by me.
avatar
737. ron.rocks  Apr 16, 2019 14:41 I Like It. | Report Abuse Reply
Is it still worth buying @569 ?

I applied for 3 lots, didn't get any.
avatar
737.1. v for vendetta  Apr 16, 2019 15:15 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
You can buy 1.
Compared to its peers it a very cheap stock.
avatar
736. v for vendetta  Apr 16, 2019 14:00 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Its on fire.
Holding my total 8 lots.
Missed chance to grab some extra in opening.
avatar
735. Arjun Patel  Apr 16, 2019 13:39 I Like It. 6 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1800+ Likes)
Dont SELL..
Keep Holding Gem

700/- on cardssss
Polycab
avatar
734. DinakarBollineni  Apr 16, 2019 12:54 I Like It. 2 | Report Abuse Reply
Hiw many days will bank take to unblock my money? Anybody help me.
avatar
734.1. Natvarsinh  Apr 16, 2019 12:59 I Like It. | Report Abuse
It is already unblocked,Depend upon Bank's system
avatar
734.2. AjayKMali  Apr 16, 2019 13:04 I Like It. | Report Abuse
It should be unblocked before listing day. By this time everybody should have got their amount back in case of non allotment or partial allotment. If u have applied through ASBA then this stands true. If you have applied through any other process then I don't not know. Also, if ur demat account is with leading bank itself like HDFC, ICICI and SBI etc. then it should be before listing day. If it is with other trading companies like Sharekhan or Zeroda or any other then it might take 3 days. These are just trading companies not banks. Check with company. If it is bank then write o bank, is what you can do.

Ajay



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