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Polycab India IPO subscribed 71% on opening day

Updated : April 05, 2019 09:01 PM IST

The company plans to raise around Rs 1,345 crore through a mix of fresh issue of equity shares and an offer for sale.
The IPO received bids for 1.25 crore shares as against the total issue size of 1.76 crore shares, according to the latest data on the National Stock Exchange.
The category reserved for non-institutional investors was subscribed 4 percent, while that for retail individual investors was subscribed 9 percent.
Polycab India IPO subscribed 71% on opening day

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