Polycab IPO gets strong demand on first day after PE firms, SWF come as anchor investors
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Polycab IPO gets strong demand on first day after PE firms, SWF come as anchor investors

By Ankit Doshi

  • 05 Apr 2019
Premium
Polycab IPO gets strong demand on first day after PE firms, SWF come as anchor investors
Credit: Polycab India Ltd

Electrical products maker Polycab India Ltd’s initial public offering (IPO) saw strong demand on the first day on Friday, with the issue nearing the three-fourth mark thanks to bids by institutional investors. The public offering of 17.63 million shares, excluding the anchor allotment, was subscribed 71.4% after receiving bids for 12.6 ......

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