Polycab India's shares surge 20.26 per cent on their market debut on Tuesday, following the electric wires and cables maker raising Rs 1,346 crore($193.44 million) through an initial public offering (IPO).The stock was trading at Rs 647.5 by 0432 GMT or 10:02 AM IST, compared with the IPO price band's higher end of Rs 538.Investors bid for 91.45 croreshares, or 51.85 times the shares on offer, on the last day of the book-running process last week, making it the first domesticIPO to see a subscription of more than 10 times in 2019.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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