Polycab India IPO Sees Huge Demand, Issue Subscribed Over 50 Times

Polycab India's IPO or initial public offer, which opened for subscription on Friday, was subscribed more than 50 times on the last day of subscription today. 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 a total of 2.51 crore shares, including 17.63 crore shares under the offer for sale. The company ...