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IPO Synopsis

Polycab India Ltd
Initial public offering of 25,022,067 equity shares of face value of Rs. 10 each ("equity shares") of the company for cash at a price of Rs. 538 per equity share, including a premium of Rs. 528 per equity share, aggregating to Rs. 1345.26 Crores ("offer") comprising a fresh issue of 7,440,067 equity shares aggregating to Rs. 400 Crores by the company ("fresh Issue") and an offer for sale of to 17,582,000 equity shares by the investor selling shareholder, the promoter selling shareholders, the promoter group selling Shareholders and the individual selling shareholders, collectively referred to as the "selling shareholders" (defined hereinafter) aggregating to Rs. 945.26 Crores (such equity shares offered by the selling shareholders, collectively referred to as the "offered shares" and such an offer for sale, "offer for sale"). The offer includes a Reservation of 175,000 equity shares aggregating up to Rs. 8.49 Crores for eligible employees (defined hereinafter) ("employee reservation portion") (which shall not exceed 5% of the post-offer equity share capital of the company). The offer less the employee reservation portion is referred to as the "net offer". The offer and the net offer shall constitute 16.83% and 16.72% of the post-offer paid-up equity share capital of the company, respectively. A Discount of Rs.53 per equity share was offered to eligible employees who have bidded in the employee reservation portion. ("Employee Discount"). Offer Price: Rs.538 per equity share of face value of Rs.10 each. Anchor Investor Offer Price: Rs.538 per equity share. The Offer Price is 53.8 times of the face value.
Issue
Opens On Closes On
05-Apr-19 09-Apr-19
Money Payable On
Application Allotment
538.00 0.00
Minimum Application for shares in Nos : 27 Further Multiples of : 27
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 383.47 Axis Capital Ltd
Project Financed through Current Offer (Rs.Cr) 1345.26  
Post Issue Equity Share Capital (Rs.Cr) 148.65
Issue Price (Rs) 538.00

Projects
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
Promoted By
Inder T Jaisinghani
Ajay Jaisinghani
Ramesh T Jaisinghani
Listing At
BSE
NSE
Registrar to the Issue
No Data Available
SEBI Single Regn. No. : BSE / NSE / MSMI - INZ000192537  |   CDSL Reg. No :  IN-DP-CDSL-438-2008                                                                                                                           Filing complaint on SEBI SCORES
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