I am writing this blog to recommend to subscribe to Polycab IPO for listing gains.
Polycab IPO has opened on 05-April-2019. Polycab India Ltd is a manufacturer and seller of wires, cables and fast moving electrical goods. Its a popular brand for wires in India. They sell their products under brand name “POLYCAB”. They are one of the largest manufacturer of wires in the industry. The product range includes power cables, control cables, solar cables, building wires and more. The other products includes welding cables, round cables, railway signaling cables, speciality cables and green wires. The other business includes electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.
Polycab IPO Dates & Price Band:
• IPO Open: 05-April-2019
• IPO Close: 09-April-2019
• IPO Size: Approx ₹1346 Crore
• Face Value: ₹10 Per Equity Share
• Price Band: ₹533 to ₹538 Per Share
• Listing on: BSE & NSE
• Retail Portion: 35%
• Equity: 17,582,000 Shares
Polycab IPO Market Lot:
• Shares: Apply for 27 Shares (Minimum Lot Size)
• Amount: ₹14,526
Polycab IPO Allotment & Listing:
• Basis of Allotment: 12-April-2019
• Refunds: 15-April-2019
• Credit to demat accounts: 16-April-2019
• Listing: 18-April-2019
If you get lucky and are alloted the shares, sell them for listing gains.
Letting losses run is the most serious mistake made by most investors.”
ArthaNiti 