April 16, 2019 / 6:16 AM / 3 months ago

BUZZ-Polycab India shares jump on market debut

** Electric wires and cables maker’s shares surge as much as 22.96 pct to 661.50 rupees on market debut

** Shares were trading at 650.80 rupees as of 0606 GMT, compared with IPO price band of 533-538 rupees

** IPO to raise 13.46 bln rupees ($193.65 mln) was subscribed 51.85 times on April 9, the last day of share sale

** First Indian IPO this year to get subscribed more than 10 times

** More than 15.6 mln shares traded by 0606 GMT ($1 = 69.5070 Indian rupees)

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