• Sensex   39140.28   -135.36  sensex_dwn_arr
  • Nifty   11752.80   -34.35   sensex_dwn_arr
  • Bank Nifty   30223.40   -1.01   sensex_dwn_arr
  • BSE Midcap   15382.57   -0.89  sensex_dwn_arr
  • USDINR   69.49   -0.28   sensex_dwn_arr
Hot Pursuit
Home >> Markets >> Equity >> News >> Hot Pursuit Detailed News
Polycab India surges on debut
(10:54, 16 Apr 2019)
Meanwhile, the S&P BSE Sensex was up 357.05 points, or 0.92% to 39,262.89

Shares of Polycab India debuted at Rs 633 on BSE, a premium of 17.65% to the initial public offer (IPO) price of Rs 538. So far the stock hit a high of Rs 660 and low of Rs 633. On BSE, so far 13.86 lakh shares were traded on the counter.

The initial public offer (IPO) of Polycab India received bids for 91.64 crore shares, as per the National Stock Exchange of India (NSE) data. The issue was subscribed 51.96 times. The issue opened for subscription on 5 April 2019 and closed on 9 April 2019. The price band for the issue was Rs 533 to Rs 538 per share.

The qualified institutional buyers (QIBs) category was subscribed 92.44 times. The non-institutional investors category was subscribed 110.42 times. The retail individual investors (RIIs) category was subscribed 4.65 times.

Ahead of the opening of the IPO, the board of directors of the company at its meeting held on 4 April 2019, finalised allocation of 74.54 lakh equity shares to anchor investors at Rs 538 per share.

On a consolidated basis, Polycab India reported net profit of Rs 357.41 crore on net sales of Rs 5506.70 crore in nine-months ended December 2018.

Polycab India is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (FMEG) under the Polycab brand. The company manufacture and sells diverse range of wires and cables and some of the 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 signalling cables, specialty cables and green wires.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     390.55   Down   -5.10 (-1.29%)   Asian Paints Ltd     1,469.60   Up   10.60 (0.73%)   Axis Bank Ltd     771.20   Up   0.10 (0.01%)   Bajaj Auto Ltd     3,069.50   Up   1.05 (0.03%)   Bajaj Finance Ltd     3,014.45   Down   -18.05 (-0.60%)   Bajaj Finserv Ltd     7,571.15   Down   -7.80 (-0.10%)   Bharat Petroleum Corporation Ltd     362.90   Up   5.40 (1.51%)   Bharti Airtel Ltd     346.95   Down   -1.80 (-0.52%)   Bharti Infratel Ltd     307.20   Down   -5.75 (-1.84%)   Britannia Industries Ltd     2,997.75   Down   -22.75 (-0.75%)   Cipla Ltd     561.55   Up   2.20 (0.39%)   Coal India Ltd     251.45   Down   -0.15 (-0.06%)   Dr Reddys Laboratories Ltd     2,799.10   Down   -26.00 (-0.92%)   Eicher Motors Ltd     21,023.90   Down   -246.65 (-1.16%)   GAIL (India) Ltd     351.95   Up   0.35 (0.10%)   Grasim Industries Ltd     867.25   Down   -16.30 (-1.84%)   HCL Technologies Ltd     1,102.65   Down   -4.40 (-0.40%)   HDFC Bank Ltd     2,293.65   Down   -11.40 (-0.49%)   Hero Honda Motors Ltd     2,741.55   Up   1.90 (0.07%)   Hindalco Industries Ltd     207.20   Down   -7.75 (-3.61%)   Hindustan Unilever Ltd     1,739.90   Up   1.35 (0.08%)   Housing Development Finance Corporation Ltd     2,003.75   Down   -22.95 (-1.13%)   ICICI Bank Ltd     404.40   Down   -2.60 (-0.64%)   Indiabulls Housing Finance Ltd     800.55   Down   -31.90 (-3.83%)   Indian Oil Corporation Ltd     156.10   Up   0.40 (0.26%)   IndusInd Bank Ltd     1,764.30   Down   -50.85 (-2.80%)   Infosys Technologies Ltd     717.05   Down   -7.05 (-0.97%)   ITC Ltd     304.40   Down   -2.80 (-0.91%)   JSW Steel Ltd     299.15   Up   7.95 (2.73%)   Kotak Mahindra Bank Ltd     1,369.65   Down   -16.75 (-1.21%)   Larsen & Toubro Ltd     1,360.70   Down   -20.70 (-1.50%)   Mahindra & Mahindra Ltd     684.65   Down   -3.45 (-0.50%)   Maruti Suzuki India Ltd     7,447.45   Down   -11.10 (-0.15%)   NIFTY (S&P CNX)     11,752.80   Down   -34.35 (-0.29%)   NTPC Ltd     135.35   Down   -2.20 (-1.60%)   Oil & Natural Gas Corpn Ltd     160.60   Up   0.15 (0.09%)   Power Grid Corporation of India Ltd     194.30   Down   -2.55 (-1.30%)   Reliance Industries Ltd     1,385.95   Up   42.20 (3.14%)   State Bank of India     310.80   Down   -4.95 (-1.57%)   Sun Pharmaceuticals Industries Ltd     463.20   Up   0.65 (0.14%)   Tata Consultancy Services Ltd     2,150.05   Up   18.25 (0.86%)   Tata Motors Ltd     236.25   Up   5.75 (2.49%)   Tata Steel Ltd     543.10   Down   -10.15 (-1.83%)   Tech Mahindra Ltd     800.35   Up   2.25 (0.28%)   Titan Company Ltd     1,125.40   Up   5.35 (0.48%)   UltraTech Cement Ltd     4,259.95   Up   4.90 (0.12%)   UPL Ltd     934.05   Up   0.15 (0.02%)   Vedanta Ltd     178.60   Down   -6.35 (-3.43%)   Wipro Ltd     284.80   Up   3.90 (1.39%)   Yes Bank Ltd     255.80   Down   -10.65 (-4.00%)   Zee Entertainment Enterprises Ltd     402.30   Down   -13.25 (-3.19%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com