“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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R R Kabel IPO Details

  • Type of IPO: Book Built Issue
  • Total Issue Size: Rs 1,964.01 Crores
  • IPO Price Range: ₹983 to ₹1,035 per share
IPO Date September 13, 2023 to September 15, 2023
Listing DateTuesday, September 26, 2023
Face Value₹5 per share
Price₹983 to ₹1035 per share
Lot Size14 Shares
Total Issue Size
(aggregating up to ₹1,964.01 Cr)
Fresh Issue1,739,131 shares
(aggregating up to ₹180.00 Cr)
Offer for Sale17,236,808 shares of ₹5
(aggregating up to ₹1,784.01 Cr)

R R Kabel IPO Timetable (Tentative)

IPO Open DateWednesday, September 13, 2023
IPO Close DateFriday, September 15, 2023
Basis of AllotmentThursday, September 21, 2023
Initiation of RefundsFriday, September 22, 2023
Credit of Shares to DematMonday, September 25, 2023
Listing DateTuesday, September 26, 2023
OWNER or RR Kabel

Key Performance Indicator

P/E (x)39.26
Market Cap (₹ Cr.)11675.63
EPS (Rs)17.09

R R Kabel IPO Lot Size

Retail (Min)114₹14,490
Retail (Max)13182₹188,370
S-HNI (Min)14196₹202,860
S-HNI (Max)69966₹999,810
B-HNI (Min)70980₹1,014,300

R R Kabel IPO Promoter Holding

Pre Issue Share Holding66.42%
Post Issue Share Holding62.77%
Scholarship announcement of 1 CR

Financials of the Company:

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax122.40135.40213.94189.87
Net Worth875.071,033.381,237.051,390.47
Reserves and Surplus459.23594.93781.31914.15
Total Borrowing395.29498.71521.11515.84
Amount in ₹ Crore

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.

Board members of RR kabels
Board members of RR kabels

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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The content provided here should not be interpreted as an invitation or solicitation to buy or sell securities, nor should it be regarded as guidance for such actions. All material presented is intended solely for educational and informational purposes and should not be utilized for making investment choices in any manner. It is imperative to recognize that any data shared here carries no intent to influence investment decisions. Any individual considering investment moves should first seek guidance from a qualified financial advisor, taking into account the particulars of their circumstances.

It is vital to underscore that any decisions based on the information shared here are undertaken at one’s own risk. As with all investments in the stock market, it’s important to acknowledge the inherent and unpredictable risks associated with such endeavors.

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