POLYCAB IPO is engaged in the business of Fast-Moving Electrical Goods and is all set to make a debut in the stock market with an issue size of 1346 Cr.
POLYCAB IPO – Overview
| Issue Date | 5-9 April 2019 |
| IPO Opening Date | 5 April 2019 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 538 per share |
| IPO Lot Size | 27 Shares |
| Issue Size | 1346 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 92.44 times |
| NII (HNI) Shares | 110.42 times |
| Company Promoters | Promoters of the Company: 1. Inder T. Jaisinghani, 2. Ajay T. Jaisinghani, 3. Ramesh T. Jaisinghani And 4. Girdhari T. Jaisinghani |
POLYCAB IPO -Tentative Dates
| POLYCAB IPO opening date | 5 April 2019 |
| POLYCAB IPO closing date | 9 April 2019 |
| Basis of Allotment | 12 April 2019 |
| Initiation of Refunds | 15 April 2019 |
| The credit of Shares to Demat | 16 April 2019 |
| POLYCAB IPO Listing Date | 18 April 2019 |
POLYCAB IPO- Industry Overview.
India’s cables and wires industry has seen many improvements in the last decade. During this period, it has grown from a small industry to a substantially large one. The electrical cables and wires segment of the industry constitutes 40-45% of the electrical equipment industry in India, which constitutes 8% of the manufacturing sector in terms of value, and 1.5% of the overall GDP in fiscal 2018. The increasing demand for power, light, and communication (voice as well as data) has kept the demand for cables and wires high.
POLYCAB IPO- Company Overview
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 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.
POLYCAB IPO-Objectives
- Scheduled repayment of all or a portion of certain borrowings availed by the Company.
- To fund incremental working capital requirements of the Company.
- General corporate purposes.
POLYCAB IPO- Financial Statements
| Particulars | 31-Dec -18 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 53,859.07 | 44,432.58 | 45,788.08 |
| Total Revenue | 55,067.00 | 69,239.17 | 60,470.08 |
| Profit After Tax | 3,582.23 | 3,709.20 | 2,329.56 |
POLYCAB IPO- Strengths
- Market leader in the respective segment in India.
- Diverse customer base.
- A range of electrical products.
- Established distribution network.
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
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
