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Last Updated : Apr 16, 2019 10:06 AM IST | Source: Moneycontrol.com

Bumper Listing: Polycab India debuts with 18% premium at Rs 638

The Rs 1,345-crore public issue saw a massive subscription of 51.96 times during April 5-9, 2019

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Shares of Polycab India, a wires and cables manufacturer, started off trade on the expected lines, at Rs 638 on the Bombay Stock Exchange, according to CNBC-TV18.

The stock opened with a 18 percent premium over its issue price of Rs 538.

At 10:05 hrs Polycab India was quoting at Rs 655.80, up Rs 117.80, or 21.90 percent on the BSE.

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The Rs 1,345-crore public issue saw a massive subscription of 51.96 times during April 5-9, 2019

Analysts expected that the listing price could be in the range of 10-38 percent over its final issue price.

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First Published on Apr 16, 2019 10:00 am
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