Friday, April 05, 2019

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

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:
  1. Adding Soon
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.