Wire and cable maker polycab India’s IPO has opened for investment from Friday (April 5). The company wants to raise Rs 1,345.26 crore through this IPO. Pulicab India is the largest wire and cable company in the country based on revenue.
Karvy Polycab IPO Allotment status, Date & Issue Price 2019
|Issue Open Date||Apr 5, 2019||Issue Close Date||Apr 9, 2019|
|IPO Price||Rs 533 – Rs 538||Total Amount||14526|
|Listing At||BSE & NSE||Lot Size||27|
BSE & NSE haven’t Declared the date of polycab ipo allotment status. But as per some official news the listing will be avialble within 15 days of closing date. That means the Polycab ipo listing date would be between April 9 2019 to April 23 2019. The Allotment status would be avialble on karvy or linkintime. We have heard some whispers in the market that the opening price of polycab ipo will not be much high but if you hold shares for 2-3 months you would get certain amount of profit from it.
Karvy Allotment Date & Status :
Recently Karvy Declared allotment date of this polycab ipo. You can check it in their website. you can check allotment status on karvy or linkintime after 4th April 2019.
- Allotment Date : 15th April 2019
- Allotment Status : Check Here
How much is the price band of polycab issue?
For this issue, the price band of Rs 533-538 has been kept. In this IPO, the company will issue a fresh share of Rs 400 crore, while 1,75,82,000 shares will be offered under Offer for Sale (OFS). 1,75,000 stock reserves have been reserved for the employees. They will get a discount of Rs 53 per share.
How is business Of polycab Company ?
The company also manufactures wires and cable in wide range, along with the manufacturing. The company is active in the business of Power Cable, Control Cable, Intrusion Cable, Solar Cable, Building Wire and Flexible Cable. After listing, the company’s total market cap will grow to Rs 8,000 crore.
The company has many more businesses in years. In the year of 2009, the company stepped in the engineering, procurement and construction business. Under this, the company has included design, engineering, power distribution and rural electrification projects.
In the year 2014, the company has also stepped into the Fast Moving Electrical Goods (FMEG) business. The company started construction of fans, LED lights, switches, switch gear, solar products and other electrical accessories.
The company has total 24 manufacturing units. There are two joint ventures out of this. The company is in joint venture with Techno Electromet and Trafigura. The company’s production units are also in Gujarat, Maharashtra and Uttarakhand as well as Union Territory Daman and Diu. So if you are looking for the advice of polycab ipo then you are at the right place.
- polycab ipo (the company) is the largest wire and cable company in the country in terms of revenue.
- In this case, the company’s market share is 18 per cent.
- The portfolio of the company is diversify and produces the product with customer group in mind.
- The company’s brand value is better in the electrical industry.
- The company is also getting the benefit of experienced management and staff.
- The company’s customer base is strong in the country.
How is financial performance of the polycab company for ipo purpose ?
During the financial year 16 to 18, the company’s total income grew at an annual rate of 14.31 percent. During this period, the company’s avidata and post-tax-profit (PAT) also increased by 23.82% and 41.71% respectively. You can check polycab ipo status on karvy or link intime.
Is This polycab IPO Cheap or expensive?
At the upper price of the price band, this stock is demanding 21.6 times the revenue of the financial year 18. While the company’s rivals Finolex Cables are trading 20 times and KEI Industries at 22.8 times the price.
The brokerage firm, sharekhan, says the valuation industry is much lower than the average. But it matches with its opponent, Finolex and KEI Industries. Brokerage said, “However, its returns are less than all rivals, except on the RoE finolex.”
Centrum Broking has advised to subscribe to this issue. Brokerage said that along with improving the entry and FMEG market in new products, the company will get the benefit of emphasizing the Copper Wire Rod. The company’s brand identity is great. This company is experiencing a lot.
Choice Broking considers the valuation of the company 17.2 times the estimated earnings of FY19 and 13.8 times the estimated earnings of FY 20. This is being considered on discount compared to the rivals. Brokerage has advised to subscribe to polycab ipo allotment 2019.