Polycab is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods ("FMEG") under the "POLYCAB" brand. Apart from wires and cables, we manufacture and sell FMEG such as electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.
Our promoters collectively have more than four decades of experience among them. Our Company was incorporated as 'Polycab Wires Private Limited' on January 10, 1996 at Mumbai as a private limited company under the Companies Act, 1956.
We manufacture and sell a diverse range of wires and cables and our key products in the wires and cables segment are power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires. In 2009, we diversified into the engineering, procurement and construction ("EPC") business, which includes the design, engineering, supply, execution and commissioning of power distribution and rural electrification projects. In 2014, we diversified into the FMEG segment and our key FMEG are electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.
We have 25 manufacturing facilities, including our two joint ventures with Techno and Trafigura, located across the states of Gujarat, Maharashtra and Uttarakhand and the union territory of Daman and Diu. Three of these 25 manufacturing facilities are for the production of FMEG, including a 50:50 joint venture with Techno, a Gujarat-based manufacturer of LED products. In 2016, we entered into a 50:50 joint venture with Trafigura, a commodity trading company, to set up a manufacturing facility in Halol, India to produce copper wire rods (the "Ryker Plant"). We strive to deliver customized and innovative products with speed and quality service. Our production process is designed to ensure quality while delivering the ability to produce complex electrical products on short timeframes to meet our customers' needs. Most of our manufacturing facilities are accredited with quality management system certificates for compliance with ISO 9001, ISO 14001 and OHSAS 18001 requirements. Our central quality and test laboratory in Halol is accredited by NABL and our central test laboratory, also located in Halol, for all flexible wires and cables is approved by Underwriters Laboratories ("UL"). Certain of our products are also certified to be compliant with various national and international quality standards including Bureau of Indian Standards ("BIS"), British Approvals Service for Cables ("BASEC"), UL and international electrotechnical commission ("IEC").
Our research and development ("R&D") capabilities, emphasis on upgrading the technology used in our production process, customer-centric R&D efforts and our R&D center located in Halol, assist our sales and marketing team in understanding our customers' requirements. In addition, we have adopted automation systems in our manufacturing process such as the manufacturing excellence system ("MES"), which is an automated sensor base system for recording the actual consumption of raw materials in production, as well as enterprise resource planning ("ERP") systems. We have also adopted the Maynard Operation Sequence Technique ("MOST") to drive productivity and optimize capacity utilization.
We have an established supply chain comprising our network of authorized dealers, distributors and retailers. This network supplies our products across India. Our distribution network in India comprise over 3,100 authorized dealers and distributors and 29 warehouses as at March 31, 2018. We supply our products directly to our authorized dealers and distributors who in turn supply our products to over 100,000 retail outlets in India. We manage our sales and marketing activities through our corporate office, three regional offices and 20 local offices in various parts of India as at June 30, 2018. In addition, in Fiscal 2018, we exported our products to over 40 countries.
Polycab India IPO Review Issue Details :
IPO Opens on – Apr 5, 2019
IPO Closes on – Apr 9, 2019
Face Value – Rs.10 Per Equity Share.
Issue Price – Rs. – Rs. Per Equity Share.
Issue Type – Book Built Issue IPO.
Market Lot – 27 shares
Minimum Order Quantity – 27 shares
Issue Size – Eq shares Rs 10 (aggregating up to Rs. 1346.00 cr.