Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Polycab IPO is a book built issue of Rs 1,346.00 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 1.76 crore shares.
Polycab IPO bidding started from April 5, 2019 and ended on April 9, 2019. The allotment for Polycab IPO was finalized on Friday, April 12, 2019. The shares got listed on BSE, NSE on April 16, 2019.
Polycab IPO price band is set at ₹533 to ₹538 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,526.
The issue includes a reservation of up to 175,000 shares for employees offered at a discount of Rs 53 to the issue price.
Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd, Iifl Securities Ltd, Kotak Mahindra Capital Company Limited and Yes Securities (India) Limited are the book running lead managers of the Polycab IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Polycab IPO RHP for detailed information.
| IPO Date | April 5, 2019 to April 9, 2019 |
| Listing Date | April 16, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹533 to ₹538 per share |
| Lot Size | 27 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,346.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 17,582,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Employee Discount | Rs 53 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Polycab IPO offers 17,637,777 shares. 5,004,328 (28.37%) to QIB, 3,737,535 (21.19%) to NII, 8,720,914 (49.44%) to RII, 175,000 (0.99%) to employees. 322,996 RIIs will receive minimum 27 shares and (sNII) and (bNII) will receive minimum 378 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,004,328 (28.37%) | NA |
| NII (HNI) Shares Offered | 3,737,535 (21.19%) | |
| Retail Shares Offered | 8,720,914 (49.44%) | 322,996 |
| Employee Shares Offered | 175,000 (0.99%) | NA |
| Total Shares Offered | 17,637,777 (100%) |
Polycab IPO opens on April 5, 2019, and closes on April 9, 2019.
| IPO Open Date | Friday, April 5, 2019 |
| IPO Close Date | Tuesday, April 9, 2019 |
| Basis of Allotment | Friday, April 12, 2019 |
| Initiation of Refunds | Monday, April 15, 2019 |
| Credit of Shares to Demat | Tuesday, April 16, 2019 |
| Listing Date | Tuesday, April 16, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 9, 2019 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,526 |
| Retail (Max) | 13 | 351 | ₹188,838 |
| Lot Size Calculator | |||
Promoters of the Company:
1. Inder T. Jaisinghani,
2. Ajay T. Jaisinghani,
3. Ramesh T. Jaisinghani And
4. Girdhari T. Jaisinghani
| Share Holding Pre Issue | 78.94% |
| Share Holding Post Issue |
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
| 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 | |
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.
[Dilip Davda] PIL is engaged in FMEG segment which is set for bright prospects ahead under power for all and LED lighting arena is in advance mode. The issue is reasonably priced and the company enjoys a niche place among lead players in the segment. It enjoys a proven track record of outperforming. Investors may consider an investment for medium to long term. Read detail review...
The Polycab IPO is subscribed 51.88 times on April 9, 2019 6:49:02 PM. The public issue subscribed 4.50 times in the retail category, 92.44 times in the QIB category, and 110.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 92.44 |
| NII | 110.42 |
| Retail | 4.50 |
| Employee | 3.19 |
| Total | 51.88 |
| Listing Date | April 16, 2019 |
| BSE Script Code | 542652 |
| NSE Symbol | POLYCAB |
| ISIN | INE455K01017 |
| Final Issue Price | ₹538 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹538.00 |
| ₹633.00 |
| ₹633.00 |
| ₹667.55 |
| ₹655.00 |
| NSE |
|---|
| ₹538.00 |
| ₹633.00 |
| ₹630.00 |
| ₹667.80 |
| ₹654.80 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
Polycab IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,346.00 Crores. The issue is priced at ₹533 to ₹538 per share. The minimum order quantity is 27 Shares.
The IPO opens on April 5, 2019, and closes on April 9, 2019.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Polycab IPO opens on April 5, 2019 and closes on April 9, 2019.
Polycab IPO lot size is 27 Shares, and the minimum amount required is ₹14,526.
You can apply in Polycab IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Polycab IPO will be done on Friday, April 12, 2019, and the allotted shares will be credited to your demat account by Tuesday, April 16, 2019. Check the Polycab IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (6600+ Posts, 21900+ Likes)
IPO Mentor (600+ Posts, 700+ Likes)
Top Contributor (300+ Posts, 200+ Likes)
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 ????????♂