Incorporated in 1996, Mumbai based Polycab Wires Private Limited is engaged in the business of manufacturing, selling and distributing
wires, cables and FMEG products. Some of the FMEG products
produced by the company are solar products, luminaires, LED
lighting, electric fans, and switchgear.
The company entered into an engineering, procurement and construction ("EPC") business and FMEG business in 2009 and 2014, respectively. As on 31st March 2018, it has more than 3,300 authorized dealers and distributors, 100,000 retail outlets, 24 manufacturing facilities and 29 warehouses in India. All the sales and marketing activities of the company are handled through corporate office, three regional offices and 20 local offices located across India. For Fiscal 2018, the company has market shares of nearly 18% of the organized wires and cables industry and around 12% of the total wires and cables industry in the country based on manufacturers realization.
In 2016, Polycab Wires Private Limited entered into a joint venture agreement with Trafigura to establish a manufacturing facility
in Waghodia, India for producing copper wire rods. The plant is expected to start commercial operations by the end of Fiscal
2019 and produce around 258,620 MT of copper wire rods in a year. With full operational activities, the Ryker Plant will
strengthen the backward integration and meet the demand of copper wire rods in the future.
The company has exported products to 40 countries outside India and contributed 5.14% in total revenue for Fiscal 2018. From
Fiscals 2016 to 2018, total income less excise duty, EBITDA and profit for the year of the company grew at a CAGR of 14.31%
and 23.80% and 41.69%, respectively.
The future strategies of the company are:
• Make market presence more prominent in wires and cables sector
• Enhance and expand FMEG business
• Increase reach by expanding the distribution network
• Improve operational efficiency by investing in technology
• Increase brand awareness
The competitive strengths of the company are:
• Market leader in the respective segment in India
• Diverse customer base
• A range of electrical products
• Established distribution network
Company Promoters:
Promoters of the Company:
1. Inder T. Jaisinghani,
2. Ajay T. Jaisinghani,
3. Ramesh T. Jaisinghani And
4. Girdhari T. Jaisinghani
Company Financials:
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. 10 Lakhs)
30-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 45,467.84 44,260.69 45,527.78 38,461.36
Total Revenue 16,826.46 69,239.17 60,470.08 57,142.41
Profit After Tax 754.26 3,707.95 2,327.47 1,847.00
Objects of the Issue:
The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:
1. Scheduled repayment of all or a portion of certain borrowings availed by the Company;
2. To fund incremental working capital requirements of the Company; and
3. General corporate purposes.
Polycab IPO Details
Issue Open
Issue Type Book Built Issue IPO
Issue Size
Face Value Rs 10 Per Equity Share
Issue Price Rs - Rs Per Equity Share
Market Lot
Min Order Quantity
Listing At BSE, NSE
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