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16 June 2019

IPO Synopsis

Polycab India Ltd
Registered Office: E-554 Greater Kailash - II, , New Delhi - 110048 , Delhi , India.
Phone : 91-11-2922 8574   Fax:91-11-4105 4838
Email :  investor.relations@polycab.com  
Website :  www.polycab.com
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 Money Payable On
Opens On Closes On Application Allotment
05-Apr-19 09-Apr-19 (Rs)538.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :27  Further Multiples of :27

  (Rs Cr) Lead Managers to the Issue
Project Cost 383.47
Axis Capital Ltd
Project Financed through Current Offer 1345.26  
Post Issue Equity Share Capital 148.65  
Issue Price (Rs)538.00  
 
Projects
Scheduled Repayment of all or a portion of certain Borrowings availed by the CompanyGeneral Corporate Purposes
To Fund incremental Working Capital Requirements of the company
Promoted By
Inder T Jaisinghani  
Ajay Jaisinghani  
Ramesh T Jaisinghani  
Listing At
BSE 
NSE 
Registrar to the Issue
Karvy Fintech Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
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