InvestorQ : what is the subscription for POLYCAB IPO and when it will get allocate?
piyush made post
IPO

what is the subscription for POLYCAB IPO and when it will get allocate?

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ananya Sing answered.
2 years ago
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Polycab IPO was oversubscribed 52 times. With this overwhelming response, it has created a record of over-subscription. If anchor investors’ part is to be removed, still the bid for IPO received is 91.59 crore equity shares against the issue size of 1.76 crore shares, which is quite high. Qualified Institutional Buyers (QIBs) had oversubscribed 92 times while non-institutional investors had subscribed 110 times. The retail investors’ subscription is also over-subscribed by 4 times.

The share is tentative to be listed on 18 April, 2019 so you the allocation of shares will might happen one or two day prior.

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