Forthcoming_ipo_Polycap India Limited

Forthcoming_ipo_Polycab India Limited

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IPO Details:

Issue Open Date April 05, 2019 Price Band : Rs. 533 – Rs. 538
Issue Open Date April 09, 2019 Minimum Bid Qty : 27 Equity Shares and in multiples thereof
Face Value Rs. 10 Minimum Investment : Rs. 14526/-


Incorporated in 1996, Mumbai based Polycab India Limited is engaged in the business of manufacturing, selling and distributing wires, cables and Fast Moving Electrical Goods (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.


Initial public offering of up to (*) equity shares of face value of Rs. 10 each (equity shares) of the company for cash at a price of Rs. (*) per equity share, including a premium of Rs. (*) per equity share, aggregating up to Rs. (*) Crores (offer) comprising a fresh issue of up to (*) equity shares aggregating up to Rs. 500 Crores by the company (fresh Issue) and an offer for sale of up to 24,886,823 equity shares by the investor selling shareholder, the promoter selling shareholders, the promoter group selling Shareholders and the individual selling shareholders, collectively referred to as the ?selling shareholders? (defined hereinafter) aggregating up to Rs. (*) Crores (such equity shares offered by the selling shareholders, collectively referred to as the offered shares and such an offer for sale, offer for sale). The offer includes a Reservation of up to (*) equity shares aggregating up to Rs. (*) Crores for eligible employees (defined hereinafter) (employee reservation portion) (which shall not exceed 5% of the post-offer equity share capital of the company). The offer less the employee reservation portion is referred to as the ?net offer?. The offer and the net offer shall constitute (*) % and (*) % of the post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Rs. 10 each. The price band and the minimum bid lot size for the offer will be decided by the company.*


Company Promoters :

  1. Inder T. Jaisinghani
  2. Ajay T Jaisinghani
  3. Ramesh T. Jaisinghani
  4. Girdhari T. Jaisinghani


Polycab India Limited IPO Registrar:

Name of the Registrar : Karvy Fintech Private Limited

Address of the Registrar : Karvy Selenium, Tower B, Plot 31-32, Gachibowli Nanakramguda,

Hyderabad : 500 032

Contact person name  :  M. Murali Krishna

Contact details+91 40 6716 2222

Email ID :


Note: Forthcoming ipo Polycab India Limited ipo allotment link on Linkintime website allotment url. Click Here

Polycab India Limited IPO Lead Managers:

  • Axis Capital Ltd
  • Citigroup Global Markets India Pvt Ltd
  • Edelweiss Financial Services Ltd
  • IIFL Holdings Ltd
  • Kotak Mahindra Capital Company Ltd
  • Yes Securities (India) Ltd


Company Address:
Polycab India Limited
E-554, Greater Kailash – II
New Delhi 110 048
Tel: +91 11 2922 8574
Fax: +91 11 4105 4838

Download IPO Forms (Pre filled Forms) :  CLICK HERE


Note : You can contact Mr. Bhavesh on 079-68174005 , for any help regarding IPO subcription


Forthcoming IPO_HPL Electric and Power Limited

HPL Electric & Power Ltd.
Issue Open Date 22-Sep-16
Issue Closing Date 26-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 175 – 202
Minimum Bid Quantity. 70
Issue Size (Shares) 20628571
Market Lot 1
Objective :
The Net Proceeds are proposed to be utilized by our Company for the following objects: (a)Repayment/ prepayment of certain indebtedness; (b)Funding working capital requirements; and(c)General corporate purposes.

Business Description :

We are an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including, metering solutions, switchgears, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. We had the largest market share in the market for electricity energy meters in India in fiscal 2015, with one of the widest portfolios of meters in India and the fifth largest market share for LED lamps during the corresponding period (Source: Frost & Sullivan Report, February 2016). Our manufacturing capabilities are supported by a large sales and distribution network with a pan-India presence. We currently manufacture and sell our products under the umbrella brand ‘HPL’, which has been registered in India since 1975. We supply our products through a network of authorised dealers or distributors to institutional, non-institutional and corporate customers. We supply switch gears, lighting

equipment and wires and cables, primarily through our pan-India authorised dealer network, which comprised of over 2,400 authorised dealers or distributors as on March 31, 2016, from our warehouses located in 21 states and union territories in India that are managed by our carrying and forwarding agents. Our authorised dealers or distributors further sell our products to over 15,000 retailers in India. In addition, we supply our products to Power Utilities, which primarily includes supply of meters under direct contractual arrangements to electricity boards and power distribution companies, as well as through project contractors. Further, we supply our portfolio of products to developers of residential and commercial building projects, OEMs and to industrial customers through a mix of direct sales and supply through our authorised dealer network. Our sales and marketing activities are managed through over 90 branch offices and representative offices in India as on March 31, 2016. We believe that our research and development capabilities have enabled us to keep abreast of technological developments in the electric equipment industry. We have a strong focus on consistently upgrading the technology that is used in our products and the processes used in manufacturing thereof, through our continuing research and development efforts. We have established two in-house research and development centers, the Kundli R&D Centre and the Gurgaon R&D Centre. Our research and development efforts include design and development of all types of energy metering solutions, including interactive communication between metering devices and metering infrastructure that includes AMR and AMI, prepayment metering solutions, solar net metering solutions, smart meters with two way communication and a complete range DLMS compliant meters, amongst others, and technologies and solutions that allow for active monitoring of energy consumption for electric equipment. For instance, we have developed a street lighting system that helps in saving manpower through automatic settings for sunset and sunrise timings and remote energy metering and dimming of such lights during off-peak hours to save energy

Lead Manager :

  • ICICI Securities Ltd
  • IDFC Bank Ltd.
  • SBI Capital Markets Ltd

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Forthcoming IPO_ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Ltd.
Issue Open Date 19-Sep-16
Issue Closing Date 21-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 300 – 334
Minimum Bid Quantity. 44
Issue Size (Shares) 181341058
Market Lot 1
Objective :
The objects of the Offer are to achieve the benefits of listing the Equity Shares of our Company on the Stock Exchanges and to carry out the sale of up to 181,341,058 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance the “ICICI Prudential” brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for the Equity Shares in India.

Business Description :

We were the largest private sector life insurer in India by total premium in fiscal 2016 and assets under management at March 31, 2016. We are a joint venture between ICICI Bank Limited, India’s largest private sector bank in terms of total assets with an asset base of ` 7.2 trillion at March 31, 2016, and Prudential Corporation Holdings Limited, a part of the Prudential Group, an international financial services group with GBP 509 billion of assets under management at December 31, 2015. We were one of the first private sector life insurance companies in India and commenced operations in fiscal 2001. We offer our customers a range of life insurance, health insurance and pension products and services. Every fiscal year since fiscal 2002, we have consistently generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India. The Indian life insurance sector was the tenth largest life insurance market in the world and the fifth largest in Asia in terms of total premiums in 2016, according to Swiss Re, sigma No 3/2016. The Indian economy is one of the fastest growing large economies in the world, with a GDP growth rate of 7.3% (in real terms) in fiscal 2016 and a household savings rate of 19.1% of GDP in fiscal 2015, according to CRISIL Research, Life insurance industry report, July 2016. We expect these macroeconomic factors, coupled with India’s large and young population, rapid urbanisation and rising affluence to propel the growth of the Indian life insurance sector. In fiscal 2016, our market share, on a retail weighted received premium basis,

among all insurance companies in India (public and private sector) was 11.3%, as compared with a market share of 9.7% for our nearest private sector competitor. Among the 23 private sector life insurance companies in India, we had a market share, on a retail weighted received premium basis, of 21.9% in fiscal 2016.A customer-centric culture that spans all aspects of our business is a key element of our strategy. We offer a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs. We offer our customers access to our products and services through an extensive multi-channel sales network across India, including through the branches of our bank partners, individual agents, corporate agents, our employees, our offices and our website. As of March 31, 2016, we had 121,016 individual agents. As of July 12, 2016, our bank partners had over 4,500 branches. We believe we are at the forefront of leveraging technology in the Indian life insurance sector, with our focus on digitisation and transformation of sales, customer on-boarding and internal processes. We believe that our focus on technology has enriched customer experience and enhanced the productivity of our employees and distributors. In fiscal 2016, our gross premium income was ` 191.64 billion, which comprised ` 49.24 billion of retail new business regular premium, ` 4.32 billion of retail new business single premium, ` 119.95 billion of retail renewal premium and ` 18.13 billion of group premium. Our 13th month persistency ratio in fiscal 2016 was 82.4%, which was one of the highest in the sector. At March 31, 2016, we had ` 1.04 trillion of assets under management, making us one of the largest fund managers in India. Of these, 72.4% were in linked assets. Funds representing 92.9% of our linked assets with identified benchmarks at March 31, 2016 had performed better than their respective benchmarks since inception. Our expense ratio of 14.6% for fiscal 2016 was also one of the lowest among the private sector life insurance companies in India. Our Company has an established track record of delivering annual returns to shareholders. Our profit after tax was ` 16.53 billion in fiscal 2016 and our return on equity has exceeded 30% for each year since fiscal 2012. We have a strong capital position with a solvency ratio of 320.0% at March 31, 2016 compared to the IRDAI-prescribed control level of 150.0%. Our business has not received a shareholder capital injection since fiscal 2009 and our Company has paid annual dividends since fiscal 2012. Our Company has paid cumulative dividends (exclusive of dividend distribution tax) of ` 40.32 billion since fiscal 2012. Our value of new business grew from ` 2.70 billion in fiscal 2015 to ` 4.12 billion in fiscal 2016, representing an increase of 52.6%. Our Indian embedded value at March 31, 2016 was ` 139.39 billion. Our Company also has a wholly owned subsidiary, ICICI Prudential Pension Funds Management Company Limited, which is registered as a fund manager with the Pensions Fund Regulatory and Development Authority of India.

Lead Manager :

CLSA India Ltd
Deutsche Equities India Pvt Ltd
DSP Merrill Lynch Ltd
Edelweiss Financial Services Ltd
HSBC Securities & Capital Markets (India) Pvt Ltd
ICICI Securities Ltd
IIFL Holdings Ltd.
JM Financial Institutional Securities Ltd.
SBI Capital Markets Ltd
UBS Securities India Pvt Ltd


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Forthcoming IPO_L&T Technology Services Limited

L&T Technology Services Ltd.
Issue Open Date 12-Sep-16
Issue Closing Date 15-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 850 – 860
Minimum Bid Quantity. 16
Issue Size (Shares) 10400000
Market Lot 1
Objective :
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of up to 10,400,000 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance our brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for the Equity Shares in India.

Business Description :

We are the leading global pure-play ER&D services company. (Source: Zinnov Report) We provide ER&D services, which is defined as the set of services provided to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers. We operate in a large and growing global market derived from a global corporate ER&D spend of US$1,007 billion in 2015,of which the ER&D spend of the top 500 global ER&D spending companies (“G500 ER&D spend”) was US$614 billion in2015. (Source: Zinnov Report) The estimated addressable ER&D outsourcing

opportunity for ER&D service providers wasUS$365 billion of the G500 ER&D spend in 2015. (Source: Zinnov Report) US$67 billion of the corporate ER&D spend ofUS$1,007 billion is currently addressed, which represents a penetration of 6.7% and offers potential growth region, we derive 80.2% of our revenues from customers in North America and Europe, which are the two largest regions of corporate ER&D spend and represented over 73% of the US$1,007 billion corporate ER&D services spend in 2015.(Source: Zinnov Report) The top 100 spenders in the G500 ER&D spend contribute 66.3% of the G500 ER&D spend and our key global customers include 43 of the top 100 global ER&D spenders, which offers significant growth opportunities for existing customer accounts. (Source: Zinnov Report)We operate in five industry segments (transportation, industrial products, telecom and hi-tech, process industry and medical devices, each of which represent a significant component of G500 ER&D spend. 50.3% of our revenue in FY 2016 was derived from the three segments of industrial products, process industry and medical devices. These three segments representUS$205 billion of G500 ER&D spend and have low penetration by India based third-party ER&D service providers, which gives us a competitive advantage. (Source: Zinnov Report)We offer design and development solutions throughout the product development chain and provide solutions in the areas of mechanical and manufacturing engineering, embedded systems, software engineering and process engineering. For “new” technologies, we provide services and solutions in the areas of product lifecycle management, engineering analytics, power electronics, M2M connectivity and IoT. We focus on innovation driven technology leadership and have set up research and test laboratories that are specific to particular industry verticals and that seek to replicate our customer’s work environment, enabling us to work very closely with the customers’ research and development teams on product innovation through leveraging our technology. We have invested in IoT, digital technologies (smart products, smart services, smart manufacturing and smart operations) and lab infrastructure to strengthen our position in these areas. Our ER&D services help customers reduce time-to-market for their end products and services, innovate to create new products and solutions, reduce cost of development and meet increasing regulatory requirements more effectively.

Lead Manager
  • DSP Merrill Lynch Ltd
  • JM Financial Institutional Securities Ltd.
  • Kotak Mahindra Capital Co Ltd
  • SBI Capital Markets Ltd

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Forthcoming IPO_RBL Bank Limited

RBL Bank Ltd.
Issue Open Date 19-Aug-16
Issue Closing Date 23-Aug-16
Application Money 100
Allotment Money
Price Band (Rs.) 224 – 225
Minimum Bid Quantity. 65
Issue Size (Shares) 54074806
Market Lot 1
Objective :

The objects of the Fresh Issue are to augment our Bank’s Tier-I capital base to meet our Bank’s future capital requirements which are expected to arise out of growth in our Bank’s assets, primarily our Bank’s loans/advances and investment portfolio, and to ensure compliance with Basel III and other RBI guidelines. In addition, we believe that the listing of our Equity Shares will enhance our visibility and brand name among existing and potential customers.

Business Description :

We are one of India’s fastest growing private sector banks in the last six years. Our Bank has cultivated a customer-centric culture where we use our industry domain knowledge, experience and technology with the goal of satisfying the client’s complete banking needs. We offer a comprehensive range of banking products and services customized to cater to the needs of large corporations, small and medium enterprises (“SMEs”), agricultural customers, retail customers and development banking & financial inclusion (low income) customers. We have been expanding our

presence across India through a growing network of branches and ATMs and upgrading our traditional delivery channels with modern technology-enabled channels like phone banking, internet banking and mobile banking. As of March 31, 2016, we had 197 interconnected branches and 362 interconnected ATMs spread across 16 Indian states and union territories serving approximately 1.90 million customers.We have a long history in India, with operations since 1943 when our Bank was incorporated as a small, regional bank in Maharashtra with two branches in Kolhapur and Sangli. In August 1959, we were categorized as a “scheduled commercial bank” within the meaning of the Reserve Bank of India Act, 1934. Though our Bank has a 73-year operating history, we have transformed ourselves in the past six years from a traditional bank into a ‘New Age’ bank while harnessing our heritage, relationships with customers and domain strengths. Our transformation commenced in 2010 during the difficult economic period following the global financial crisis as well as the economic slowdown that followed in India. Our Board and management envisioned a professionally governed and managed institution, built on the platforms of knowledge, sector expertise and technology. As part of our transformation, we focused on three pillars while laying the foundation for growth: 1) Putting in place a robust corporate governance framework and processes, including strengthening our board of directors; 2) Broad-basing our shareholder and capital base by raising institutional capital; and 3) Building our management team by attracting high quality and experienced banking professionals.As a result of this transformational journey, which started in 2010, we believe that our Bank now has: 1. a quality management team and a pool of talented and dedicated employees; 2. a strong operating platform built on the foundation of the above pillars; 3. a significantly larger new customer base as well as expanded and stronger relationships with existing customers;4. a comprehensive product suite and an enhanced customer experience;5. a multi-channel distribution network including new branches, ATMs and mobile and internet platforms;6. a robust modern technology infrastructure; and 7. a new brand identity, “RBL Bank”, backed by strong marketing and communication plans.

Lead Managers :

  • Axis Capital Ltd.
  • Citigroup Global Markets India Pvt Ltd.
  • HDFC Bank Ltd.
  • ICICI Securities Ltd
  • IDFC Securities Ltd.
  • IIFL Holdings Ltd.
  • Kotak Mahindra Capital Co Ltd
  • Morgan Stanley India Co Pvt Ltd
  • SBI Capital Markets Ltd

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