Polycab India Limited IPO (Polycab IPO) Detail

Polycab India Limited

ABOUT THE COMPANY:


The company was incorporated on January 10, 1996, in Mumbai. It is the largest manufacturer of wires and cables and fast moving electrical goods in terms of revenues. The wide range of products of Polycab India Limited is sold under the brand name “POLYCAB”.

Some of the products manufactured by the company are power, control, solar and instrumental cables, etc.
The other products includes welding cables, round cables, railway signaling cables, speciality cables and green wires. The other business includes electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.

The company has 29 warehouses and 24 manufacturing facilities which include two joint ventures with Techno Electromech Private Limited and Trafigura Pte Ltd which are located in Gujarat, Maharashtra, Uttarakhand and Daman and Diu.

The company has a wide distribution network consisting of more than 3300 authorised dealers & distributors. Polycab India has been awarded the gold trophy at the Annual Convention on Quality Concepts consecutively for five years starting from 2013 to 2017.

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.

COMPANY PROMOTERS OF Polycab India Limited

The promoters are
1. Inder T. Jaisinghani, 
2. Ajay T. Jaisinghani, 
3. Ramesh T. Jaisinghani And 
4. Girdhari T. Jaisinghani 

Polycab India’s financials:

Polycab India’s financial performance (in INR crore)
FY2016FY2017FY20189M FY2019
Total revenues5,747.36,122.26,986.05,561.1
Total expenses5,481.95,760.96,409.75,010.3
Comprehensive income182.9232.3373.2357.4
Net margin (%)3.23.85.36.4

Objectives of the 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 Limited IPO Details:

DetailsInfo
Issue Opens on5th April 2019
Issue Closes on:.9th April 2019
Issue PriceRs.533 – 538
Face ValueRs.10
Minimum Lot27 Shares
Minimum InvestmentRs. 14,526
Issue Constitutes16.83%
Issue SizeRs. 1346 cr ($192 Million)
Market CapRs. 7997 cr ($1.14 Billion)
Listing atNSE & BSE
Equity Shares Offered (Fresh)74,34,944
Equity Shares Offered (OFS)1,75,82,000
Total Equity Shares Offered (Fresh + OFS)2,50,16,944
Equity Shares Prior to the Issue14,12,05,838
Equity Shares after the issue14,86,40,782

Polycab India IPO Lead Managers:

Axis Capital Limited
1st Floor, Axis House,
C-2 Wadia International Centre,
P.B. Marg, Worli, Mumbai 400 025,

Website:  http://www.axiscapital.co.in
Email:  complaints@axiscap.in
Phone: +91 22 4325 2183
Fax: +91 22 4325 3000

Citigroup Global Markets India Private Limited
Bakhtawar, 4th Floor
229, Nariman Point
Mumbai 400 021

Website:  http://www.citibank.co.in
Email:  dlf.ipo@citigroup.com
Phone: + 91 1600 229996
Fax: + 91 22 5631 9803


Edelweiss Capital Limited

14th floor, Express Towers,
Nariman Point,
Mumbai – 400 021, India.

Website:  http://www.edelcap.com
Email:  ksk.ipo@edelcap.com
Phone: +91 22 4086 3535
Fax: +91 22 2288 2119

IIFL Holdings Limited
10th Floor, One IBC,
841, Senapati Bapat Marg, Lower Parel,
Mumbai – 400 013, Maharashtra, India

Website:  http://www.iiflcap.com
Email:  info@iiflcap.com
Phone: +91 22 4646 4600
Fax: +91 22 4646 4700

Kotak Mahindra Capital Company Limited
Bakhtawar, 1st Floor
229 Nariman Point
Mumbai 400 021

Website:  http://www.kotak.com
Email:  reliancepower.ipo@kotak.com
Phone: (91 22) 6634 1100
Fax: (91 22) 2283 7517

Yes Securities (India) Limited
IFC, Tower 1& 2, Unit no. 602 A, 6th Floor,
Senapati Bapat Marg,
Elphinstone Road, Mumbai 400013

Website:  http://www.yesinvest.in
Email:  igc@yessecuritiesltd.in
Phone: +91 22 3347 9688
Fax: +91 22 2421 4508

Company Contact Information

Polycab India Limited
E-554, Greater Kailash – II
New Delhi 110 048
Tel: +91 11 2922 8574
Fax: +91 11 4105 4838
E-mail: investor.relations@polycab.com
Website: www.polycab.com

Registrar of Polycab IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 polycab.ipo@karvy.com
Website: www.karvyfintech.com

Polycab IPO Allotment Status:

Polycab India Limited IPO

Author: admin

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