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16-Apr2019

Polycab India lists with 17.66% premium on the BSE on debut

Polycab India has debuted at Rs 633.00 on the BSE, up by 95.00 point or 17.66% from its issue price of Rs 538.

The scrip is currently trading at Rs 651.60, up by 113.60 points or 21.12% from its issue price. It has touched a high and low of Rs 660.00 and Rs 633.00 respectively. So far 12,28,000 shares were traded on the counter.

The offering, which was open for subscription between April 05, 2019 and April 09, 2019, was subscribed 52%. The issue price was fixed at Rs 538 per share i.e. at upper end of price band of Rs 533-538 apiece.

Polycab India manufactures and sells a diverse range of wires and cables and its key products in the wires and cables segment are power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires.


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