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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Scheduled Repayment of Borrowings
Scheduled repayment or prepayment of full or partial borrowings availed by the company.
Funding Incremental Working Capital Requirements
Funding incremental working capital requirements of the company.
General Corporate Purposes
General corporate purposes and meeting issue related expenses.
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(₹ in Crore)
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Polycab India Limited is the largest manufacturer of wires and cables in India and a leading player in the Fast-Moving Electrical Goods (FMEG) industry. The company produces a broad array of electrical products including power cables, control cables, solar cables, building wires, optical fiber cables, electric fans, LED lighting, switches, and switchgear. Promoted by the Jaisinghani family, the company was incorporated in 1996 and is headquartered in Mumbai, Maharashtra, with its registered office in Halol, Gujarat. Polycab operates multiple modern manufacturing facilities across Gujarat, Maharashtra, Uttarakhand, and Roorkee, supported by robust in-house R&D and quality testing infrastructure. The business model benefits from backward integration, such as in-house copper rod manufacturing and PVC compounding, ensuring cost optimization and product consistency. Polycab distributes its products through a vast pan-India network of authorized dealers, distributors, and retail outlets, serving both institutional B2B customers and retail B2C consumers.
The company raised Rs 401.07 crore from 25 anchor investors by allocating 7,454,809 equity shares at Rs 538 per share. Notable anchor participants included HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, Reliance Mutual Fund, and Nomura.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 9:53 PM
Market Leadership in Indian Wires and Cables Sector
Holds a dominant market share in the organized Indian wires and cables industry, supported by strong brand equity and extensive product offerings.
Extensive Pan-India Distribution and Dealer Network
Maintains a widespread network of authorized dealers, distributors, and retail points, facilitating deep market penetration across urban and rural markets.
Integrated Manufacturing with Strong Backward Integration
Operates multiple modern manufacturing plants with in-house copper and aluminum processing, driving cost efficiency and product quality consistency.
Raw Material Price Volatility Risk
Financial performance is sensitive to international price fluctuations of key raw materials, primarily copper and aluminum.
Sensitivity to Infrastructure and Construction Cycles
Demand for power cables and electrical products is closely tied to broad capital expenditure cycles in infrastructure, industrial expansion, and housing.
Intense Competition in the FMEG Market Segment
Operates in a highly competitive FMEG and electrical appliances space alongside established domestic and global brand competitors.
Polycab India Limited
Unit 4, Plot No. 105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal, Gujarat, 389350
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