Polycab India is a fast-moving electrical good like wires and opened its INR 1,346 crore initial public offering already on 5th April at a price band of INR 533-5388 per share. This public issue also comprises a fresh issue of shares up to INR 400 crore & an offer for sale up to 1,75,82,000 shares.

The offer includes also a reservation of around 1,75,000 equity shares for the employees and will get shares at a discount of INR 53 per share.

Remember, the bidding for this IPO offer will close on 9th April.

The company will utilize the proceeds for incremental working capital requirements and debt repayment.

Polycab India Manufacturers & supplies cables and wires and one of the most moving electrical goods (FMEG) under the brand name – Polycab.

So, stay tuned us for further updates and keep your sharp eye on this IPO.