Polycab IPO gets strong demand on first day after PE firms, SWF come as anchor investors

Electrical products maker Polycab India Ltd’s initial public offering (IPO) saw strong demand on the first day on Friday, with the issue nearing the three-fourth mark thanks to bids by institutional investors. The public offering of 17.63 million shares, excluding the anchor allotment, was subscribed 71.4% after receiving bids for 12.6 ......