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Polycab India shares debut on strong note; zoom nearly 18 pc

Press Trust of India  |  New Delhi 

Shares of wires and made a robust market debut Tuesday, rising nearly 18 per cent against the issue price of Rs 538 per

The scrip listed at Rs 633, zooming 17.65 per cent from the issue price on the BSE. It later jumped 22.67 per cent to Rs 660.

At the NSE, shares opened the day at Rs 633.

On the traded volume front, 10.61 lakh shares of the company exchanged hands on the BSE and over one crore shares on the NSE, in morning trade.

The company's market valuation was at Rs 9,780.16 crore on the BSE.

The initial public offering (IPO) of Polycab India Ltd was subscribed nearly 52 times earlier this month.

The price range for the Rs 1,345-crore IPO, which opened for bidding on April 5, was fixed at Rs 533-538 per

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 16 2019. 10:45 IST