Polycab India IPO Subscribed 136% On Day 2

Polycab India's IPO or initial public offer, which opened for subscription on Friday, was subscribed 136 per cent or 1.36 times on Monday. The Polycab IPO worth up to Rs. 1,346 crore comprises of a fresh issue of Rs 400 crore and an offer for sale (OFS) of up to Rs. 946 crore by its promoters. Polycab India is offering more than 17.63 crore shares under the offer for sale. The company aims to utilise the proceeds towards repayment of...