Business Standard

Polycab India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,345.26 cr

Price Range (₹)

538

Lot Size

27

Min Investment (₹)

14,526.00

Listing Exchange

MumbaiNSE

Open Date

05-Apr-2019

Close Date

09-Apr-2019

Listing Date

16-Apr-2019

Polycab India Ltd News

    The Shares of Polycab India Ltd have now been listed.

    Polycab India Ltd IPO Details

    Initial public offering of 25,022,067 equity shares of face value of Rs. 10 each (equity shares) of the company for cash at a price of Rs. 538 per equity share, including a premium of Rs. 528 per equity share, aggregating to Rs. 1345.26 Crores (offer) comprising a fresh issue of 7,440,067 equity shares aggregating to Rs. 400 Crores by the company (fresh Issue) and an offer for sale of to 17,582,000 equity shares by the investor selling shareholder, the promoter selling shareholders, the promoter group sellingShareholders and the individual selling shareholders, collectively referred to as the selling shareholders (defined hereinafter) aggregating to Rs. 945.26 Crores (such equity shares offered by the selling shareholders, collectively referred to as the offered shares and such an offer for sale, offer for sale). The offer includes a Reservation of 175,000 equity shares aggregating up to Rs. 8.49 Crores for eligible employees (defined hereinafter) (employee reservation portion) (which shall not exceed5% of the post-offer equity share capital of the company). The offer less the employee reservation portion is referred to as the net offer. The offer and the net offer shall constitute 16.83% and 16.72% of the post-offer paid-up equity share capital of the company, respectively.A Discount of Rs.53 per equity share was offered to eligible employees who have bidded in the employee reservation portion. (Employee Discount).Offer Price: Rs.538 per equity share of face value of Rs.10 each.Anchor Investor Offer Price: Rs.538 per equity share.The Offer Price is 53.8 times of the face value.

    Objective of issue

    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 India Ltd Contact Details

    Polycab India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investor.relations@polycab.com

    Website - www.polycab.com