Polycab India Limited
Minimum Order Quantity
Polycab India Limited is an ISO 9001, ISO 14001 and OHSAS 18001 certified company involved in manufacturing and distribution of wires, cables and fast moving electrical goods (“FMEG”) under the brand name “Polycab”. As on 31st March 2018, the company has well-established dealers and distributors network across India including 3,300 approved dealers that supply across 100,000+ retail outlets. It has 24 manufacturing facilities across Gujarat, Maharashtra, Uttarakhand and Daman and Diu.
Date of Incorporation: The Company was initially incorporated as “Polycab Wires Private Limited” on 10th January 1996 at Mumbai. Eventually, It was reformed to a public company “PolyCab India Limited” on 29th August 2018.
Promoters of the Company: Mr Inder Jaisinghani, Mr Ajay T. Jaisinghani, Mr Ramesh T. Jaisinghani and Mr Girdhari T. Jaisinghani are the promoters of Polycab India Limited.
Products and Service Offerings: The Company offers a wide range of wires, cables and electronic product including electric fans, LED lighting & luminaire, switches & gears, solar products, conduits and accessories.
Customer Segments: It directly sells its product to direct customers including power utilities and institutional customers such as developers of residential and commercial building projects and OEMs, L&T Construction and government clients across India.
Objects of the Offer: The main objectives of Polycab India Limited are:
- Repayment of borrowings made by the company either wholly or partly.
- Financing working capital requirements.
- General Corporate Expenses.
For the year/period ended (in Rs. Millions)
Profit After Tax
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)