“Analyzing RR Kabels IPO: A Dive Into The Offering”

Overview of RR KABELS:

Established in 1995, R R Kabel Limited offers a range of electrical products for various applications, including residential, commercial, industrial, and infrastructure needs.

R R Kabel operates in two primary divisions:

1. Wires and cables, which encompass house wiring, industrial wiring, power cables, and specialized cables.
2. FMEG (Fast-Moving Electrical Goods), which includes items like fans, lighting solutions, switches, and household appliances.

The company is engaged in the production, promotion, and distribution of wire and cable products under the ‘RR Kabel’ brand, as well as fans and lighting products under the ‘Luminous Fans and Lights’ brand.

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Financials of the Company:

Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,545.36	1,715.11	2,050.64	2,633.62
Revenue	2,505.54	2,745.94	4,432.22	5,633.64
Profit After Tax	122.40	135.40	213.94	189.87
Net Worth	875.07	1,033.38	1,237.05	1,390.47
Reserves and Surplus	459.23	594.93	781.31	914.15
Total Borrowing	395.29	498.71	521.11	515.84

Objects of the Issue

1. Repayment or Prepayment of Borrowings: The company intends to use a portion of the funds to either fully or partially repay the borrowings it has obtained from banks and financial institutions.
2. General Corporate Purposes: Additionally, the funds will be utilized for general corporate purposes, which may encompass various operational and strategic needs to support the company’s growth and ongoing business activities.

R R Kabel IPO Review (Apply)

This company stands tall as one of India’s foremost manufacturers of consumer electrical goods, and it’s not just a name – it’s a brand cherished for delivering quality products. Over the years, it has charted a path of consistent growth, painting a promising picture.

However, the journey had its bumps, and FY23 saw some tough times with margin pressures. But hey, that’s part of the game, right?

Now, let’s talk about the buzz around their IPO. Well, looking at the numbers for FY24, it seems like they’ve set the bar quite high. Some might say it’s fully priced, but you know what they say about great races – they’re worth the wait.

So, if you’re thinking about investing here, remember, it’s not a sprint; it’s a long-distance race. Consider parking your funds for the medium to long term and enjoy the rewards as this steadfast racehorse goes the distance.

Subscription Data :

• In the retail category, the subscription stands at 0.37 times, indicating moderate interest from individual investors.
• In the Qualified Institutional Buyer (QIB) category, there has been no subscription reported.
• In the Non-Institutional Investor (NII) category, the subscription is at 0.29 times.

Check Day by Day Subscription Details (Live Status)

R R Kabel IPO GMP :

As of the last update on September 12th, 2023, the Grey Market Premium (GMP) for the R R Kabel IPO is ₹150. With a price band of ₹1035.00, the estimated listing price for the IPO is ₹1185 (cap price + today’s GMP). This suggests an expected percentage gain of 14.49% per share.

Additionally, for different investor categories:

• Retail investors subject to Sauda can expect ₹1600 per share.
• Small High Net Worth Investors (HNI) subject to Sauda may see ₹22400 per share.

check day by day GMP Details(Live Status)

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