Polycab is a multi-product Indian manufacturing company engaged in the business of manufacturing and selling wires and cables and Fast Moving Electrical Goods (“”FMEG””) under the “Polycab” brand. The company is the largest wires and cables manufacturer in India, in terms of revenues, with a market share of ~18% of the organised wires and cables industry in Fiscal 2018 (Source: CRISIL Research). Along with it, Polycab sells a wide array of FMEG such as fans, LED lighting, switches and accessories. The company has 24 manufacturing facilities, including two joint ventures spread across various states of. India. The Company has an established distribution network comprising of over 2,800 authorised dealers and distributors and 30 warehouses as at December 31, 2018.
Edelweiss Financial has successfully closed INR 13,453 million (~US$ 194 mn) Initial Public Offering of Polycab India Limited (Polycab). Edelweiss acted as the Global Coordinator Book Running Lead Manager (GCBRLM) for the issue which was blockbuster response from all categories of investors, and was over-subscribed over 50 times in aggregate.