Polycab India Ipo Grey Market Premium

Polycab india ipo grey market premium

Polycab India Limited IPO Details

Issue Date05/04 - 09/04
Issue SizeRs.

What is Grey Market Premium?

1,346.00 Cr

Issue PriceRs. 533-538
Market Lot27 Shares
Shares on Offer17,582,000
Registrar
GMPRs.95
KostakRs.900
Subject to SaudaN/A
Listing Date18/04
Listing PriceRs.644.45
Listing Gain%19.79

About Polycab India Limited IPO

Polycab is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods ("FMEG") under the "POLYCAB" brand.

Apart from wires and cables, we manufacture and sell FMEG such as electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.

Their promoters collectively have more than four decades of experience among them.

Polycab india ipo grey market premium

Their Company was incorporated as 'Polycab Wires Private Limited' on January 10, 1996 at Mumbai as a private limited company under the Companies Act, 1956.

They manufacture and sell a diverse range of wires and cables and our key products in the wires and cables segment are power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires.

In 2009, we diversified into the engineering, procurement and construction ("EPC") business, which includes the design, engineering, supply, execution and commissioning of power distribution and rural electrification projects. In 2014, we diversified into the FMEG segment and our key FMEG are electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.

We have 25 manufacturing facilities, including our two joint ventures with Techno and Trafigura, located across the states of Gujarat, Maharashtra and Uttarakhand and the union territory of Daman and Diu.

Polycab india ipo grey market premium

Three of these 25 manufacturing facilities are for the production of FMEG, including a 50:50 joint venture with Techno, a Gujarat-based manufacturer of LED products. In 2016, we entered into a 50:50 joint venture with Trafigura, a commodity trading company, to set up a manufacturing facility in Halol, India to produce copper wire rods (the "Ryker Plant").

Polycab India Limited IPO (Polycab IPO) Detail

We strive to deliver customized and innovative products with speed and quality service. Our production process is designed to ensure quality while delivering the ability to produce complex electrical products on short timeframes to meet our customers' needs. Most of our manufacturing facilities are accredited with quality management system certificates for compliance with ISO 9001, ISO 14001 and OHSAS 18001 requirements.

Our central quality and test laboratory in Halol is accredited by NABL and our central test laboratory, also located in Halol, for all flexible wires and cables is approved by Underwriters Laboratories ("UL").

Polycab India Limited IPO

Certain of our products are also certified to be compliant with various national and international quality standards including Bureau of Indian Standards ("BIS"), British Approvals Service for Cables ("BASEC"), UL and international electrotechnical commission ("IEC").

Their research and development ("R&D") capabilities, emphasis on upgrading the technology used in our production process, customer-centric R&D efforts and our R&D center located in Halol, assist our sales and marketing team in understanding our customers' requirements.

In addition, we have adopted automation systems in our manufacturing process such as the manufacturing excellence system ("MES"), which is an automated sensor base system for recording the actual consumption of raw materials in production, as well as enterprise resource planning ("ERP") systems. We have also adopted the Maynard Operation Sequence Technique ("MOST") to drive productivity and optimize capacity utilization.

They have an established supply chain comprising our network of authorized dealers, distributors and retailers.

This network supplies our products across India. Our distribution network in India comprise over 3,100 authorized dealers and distributors and 29 warehouses as at March 31, 2018. We supply our products directly to our authorized dealers and distributors who in turn supply our products to over 100,000 retail outlets in India. We manage our sales and marketing activities through our corporate office, three regional offices and 20 local offices in various parts of India as at June 30, 2018.

Company Promoters:

In addition, in Fiscal 2018, we exported our products to over 40 countries.

Polycab India Limited - Subscription Details

Polycab India Limited - Company Financials

Polycab India Limited - Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Polycab India Limited IPO Reviews

  • We recommend subscription of Polycab IPO.

    The GMP for this IPO is Rs.90-95 per share with Kostak price Rs.900-Rs.1100.

Polycab India Limited IPO FAQs

  1. When will Polycab India Limited IPO open?

    Polycab India Limited IPO will open on 05/04 and close on 09/04.

  2. What is the listing date of Polycab India Limited IPO?

    Polycab India Limited IPO will list on 18/04.

  3. What is the offer price of Polycab India Limited IPO?

    The offer price of Polycab India Limited IPO is Rs.533-538.

  4. What is the lot size of Polycab India Limited IPO?

    The lot size of Polycab India Limited IPO is 27.

  5. What is the Grey Market Premium (GMP) price of Polycab India Limited IPO?

    The Grey Market Premium (GMP) price of Polycab India Limited IPO is Rs.95.

  6. What is the Kostak price of Polycab India Limited IPO?

    The Kostak price of Polycab India Limited IPO is Rs.900.

  7. What is the Subject to Sauda price for Polycab India Limited IPO?

    The Subject to Sauda price for Polycab India Limited IPO is Not Available at the moment.

NSE and BSE IPO grey market Premium - What you need to know

The grey market - or, the illegal premium market for initial public offerings (IPOs) was back after almost a decade.

After its death almost 10 years ago, the the grey market was reborn in August, 2004 with Tata Consultancy Services (TCS) Ltd issue.

It is a completely illegal market where stocks are traded even before allotments in the IPOs are made.

In fact, the unofficial trading begins well before the scrip is listed.

The transaction in this market is normally between parties who know each other very well. They trade in scrips unofficially and settle accounts outside of the stock exchanges once the allotments by the companies are decided.

Normally, third parties are not part of such trading.

However, a third party is entertained only if he is introduced through a person known in the circuit.

Two parties agree to settle the trade at a price on the day of listing through the stock market mechanism and the difference is settled through cash, explained broking industry sources.

A robust secondary market has aided this trend and players in this segment are doing brisk business across centres.

Ipe 160 ar gyor

Ahmedabad is the most active grey market centre while Kolkata, Delhi and Mumbai are also some of the centres where grey market for IPOs is alive and kicking.

A dealer with a brokerage house said, The future of the grey market for the IPOs is linked with the robustness of the secondary market.

Till the time the cash market is in the pink of health, this grey market will flourish and the moment a downturn is signalled in the cash market, the grey market downturn will be faster than that of the cash market.

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In such an event, the premium market will disappear altogether.

IPO grey market - Glossary

  1. IPO - IPO is an initial public offering (IPO) is the first time that the stock of a private company is offered to the public.

    IPOs are often issued by smaller, younger companies seeking capital to expand, but they can also be done by large privately owned companies looking to become publicly traded.

  2. IPO Grey Market - A grey market (sometimes called a parallel market, but this can also mean other things; not to be confused with a blackmarket or a grey economy) is the trade of a commodity through distribution channels that are legal but unintended by the original manufacturer.

    Polycab india ipo grey market premium

  3. GMP - GMP is Grey market premium (or grey market price) is a premium amount in rupees at which IPO shares are being traded in Grey Market before they get listed in stock exchange. Grey market premium can be in positive or in negative based on demand and supply of the stock. Grey Market Premiums are also attached with words 'Buyer' or 'Seller'.

    Polycab India IPO – Review, Allotment, Live Subscription, GMP & DRHP

    They tell the price either at which buyers are willing to buy shares or the price at which sellers are willing to sell their IPO shares.

  4. Kostak - Kostak (or price of application) is the premium amount in rupees at which IPO applications are being traded in IPO Grey Market.

    Usually 'Kostak' value is defined as the premium of a maximum lot retail application in an IPO. Kostak price is important mostly before issue is close for subscription and final bidding status is available to the IPO investors.

    Polycab IPO Dates, Review, Price Band, Market Lot Details

    Very few IPOs applications are traded after final bidding status is available to the investors. 'Kostak' is especially for people who do not want to take risk with IPO allotment or listing gains.

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  5. Basis of IPO allotment - In August 2012 SEBI has made regressive changes in the allotment procedures. As per these changes, every retail applicant will get a certain number of shares, though it is subject to the availability.

    Polycab india ipo grey market premium

    It clearly means that retail investors are now assured to get minimum number of shares at a decided ratio irrespective of the lots they have applied, subject to availability. However remaining shares will be allotted proportionately. Current procedure is quite encouraging for retail investors as now they have assurance of getting shares in IPO.

    IPO Grey Market Discussion

    As per this practice every investor has equal probability of getting shares in an IPO irrespective of the lots he applied in an oversubscribed issue. Even if he applied for minimum permissible lot he may get minimum number of stocks allotted to shareholders. In fact retail investors who apply for smaller lots may have a better chance of getting more number of shares than the investors who applies for maximum amount permissible.

    Amber industries ipo allotment status

Date & TimeQIBNIIRIITotal
Day 1 - Apr 05,20191.960.080.270.71
Day 2 - Apr 08,20193.600.701.511.94
Day 3 - Apr 09,201992.44110.424.5051.88
Particulars31-Dec-1831-Mar-1831-Mar-1731-Mar-16
Total Assets (In Rs.

Millions)

53,859.0744,432.5845,788.0838,747.40
Total Revenue (In Rs. Millions)55,067.0069,239.1760,470.0857,142.41
Profit After Tax (PAT) (In Rs. Millions)3,582.233,709.202,329.561,847.04