Polycab India IPO
Polycab India Limited (POLYCAB) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 April 2019.
Listed 16 Apr
Subscribed 52.0x
Listing gain +17.7%
Issue details
Price band
₹533–538
Issue price
₹538
Lot size
27 shares
Min. retail bid
₹14,526
Max. retail bid
13 lots (₹1,88,838)
Issue size
₹1,353 Cr
Face value
₹10
Bidding
05 Apr – 09 Apr 2019
Listing
16 Apr 2019
Retail quota
35%
Registrar
Karvy Fintech Private Limited
Discount
Rs.53/- per Equity Share for Eligible Employees category
Listing day
Listed at
₹633
+17.7% vs issue price ₹538
Day's high
₹668
+24.1% · low ₹630 (+17.1%)
Day's close
₹655
+21.7% · traded ₹1,497 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 50,04,328 | 46,26,19,890 | 92.4x | |
| NII (HNI) total | 37,37,535 | 41,27,17,005 | 110x | |
| Retail | 87,20,914 | 4,05,29,106 | 4.65x | |
| Employees | 1,75,000 | 5,60,142 | 3.20x | |
| Total | 1,76,37,777 | 91,64,26,143 | 52.0x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Polycab India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| AU Small Finance BankJun 2017 | 78.8x | 144x | 3.52x | 53.6x | ₹1,913 Cr | +48.0% | +52.8% |
| RBL BankAug 2016 | 85.1x | 198x | 5.70x | 69.6x | ₹1,219 Cr | +21.9% | +35.8% |
| Endurance TechnologiesOct 2016 | 53.4x | 127x | 2.69x | 43.8x | ₹1,162 Cr | +21.2% | +38.6% |
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
| BSEJan 2017 | 48.6x | 159x | 6.48x | 51.2x | ₹1,243 Cr | +34.6% | +48.9% |
| Reliance Nippon Life Asset ManagementOct 2017 | 118x | 209x | 5.65x | 81.5x | ₹1,542 Cr | +17.4% | +18.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
| IIFL Holdings | — | — | — |
| YES Securities (India) | 6 | +28.6% | 83% |
Offer documents (NSE)
Frequently asked
What is the Polycab India IPO price band and lot size? ₹533–538 per share, with a lot of 27 shares, so the smallest retail bid is ₹14,526.
How many times has it been subscribed? 52.0x overall: QIB 92.4x, NII 110x, retail 4.65x, employees 3.20x.
How did it list? It opened at ₹633, +17.7% against the issue price of ₹538, and closed its first day +21.7%.
Other IPOs of 2019
Prince Pipes and FittingsUjjivan Small Finance BankCSB BankVishwaraj Sugar IndustriesIndian Railway Catering and Tourism CorporationSterling & Wilson SolarAffle IndiaIndiaMART InterMESH
All 2019 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
