Polycab Raised Rs.403 Crore at Rs.538 from Anchor Investors

By Jagat Joshi
April 5, 2019
7:44 am
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By Jagat Joshi
April 5, 2019

Polycab IPO allotted Rs.403 crore worth of 74,50,000 equity shares at Rs. 538 per equity share to 25 anchor investors at upper end of the Price Band. The Polycab IPO is opening on 05-April and closes on 09-April. The price band is fixed at Rs.533-538.

List of Anchor Investors:

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The Bid/Offer Closing Date is on April 09, 2019. The Price Band for the Offer is from Rs. 533 to Rs. 538 per Equity Share. The Bids can be made for a minimum lot of 27 Equity Shares and in multiples of 27 Equity Shares thereafter. The Equity Shares are proposed to be listed on BSE and NSE (the “Stock Exchanges”).

The Book Running Lead Managers of the IPO is Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, Edelweiss Financial Services Ltd, IIFL Holdings Ltd, Kotak Mahindra Capital Company Ltd and Yes Securities (India) Ltd.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.