DSIJ Mindshare

Over the years, Polycab India has made substantial investments in building robust capabilities for expanding its product portfolio and geographical reach and Project LEAP has helped strengthen its market share

According to the quarterly results, the company reported net sales of Rs 97 crore in Q1FY24 compared to net sales of Rs 99 crore in Q1FY23, a decrease of 2 per cent. The net profit decreased by 53.66 per cent to Rs 19 crore in Q1FY24 compared to a net profit of Rs 41 crore in Q1FY23.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 247.14 points or 0.37 per cent.

The price band of the issue has been fixed at Rs 187 to Rs 197 per equity share. The issue size is Rs 880 crore at a higher price band.

Shares of the company have gained more than 40 per cent in the last six months.