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Posted on  September 9, 2023 under  by Team Lakshmishree

R R Kabel IPO Details (R R Kabel Limited IPO Details)

R R Kabel IPO Price: ₹983 to ₹1035 per share
IPO Date Range:
Sep 13, 2023 - Sep 15, 2023

R R Kabel IPO

R R Kabel Limited was established in 1995, marking its inception into the electrical products industry. Over the past decades, the company has grown exponentially, evolving from a modest beginning to becoming one of India's leading names in the wires and cables segment.

With a commitment to quality and innovation, R R Kabel has consistently introduced products that adhere to international standards, ensuring safety and reliability.

Product Segments - R R Kabel IPO:

  • Wires and Cables: This includes house wires, industrial wires, power cables, and special cables.
  • FMEG (Fast Moving Electrical Goods): The company offers fans, lighting, switches, and appliances under this segment.

Brands and Acquisitions - R R Kabel IPO:

  • The company markets its wires and cable products under the R R Kabel brand.
  • The 'Luminous Fans and Lights' brand is used for fans and lights.
  • In 2020, R R Kabel acquired Arraystorm Lighting Private Limited, expanding its portfolio to LED lights and related hardware, primarily for office, industrial, and warehouse spaces.
  • In 2022, the company acquired the home electrical business of Luminous Power Technologies Private Limited, further enhancing its FMEG portfolio.

Manufacturing and Operations - R R Kabel IPO:

  • R R Kabel operates two manufacturing units at Waghodia, Gujarat, Silvassa, Dadra and Nagar Haveli, and Daman and Diu, primarily for wires, cables and switches.
  • Additionally, it has three integrated manufacturing facilities at Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh for FMEG products.

Market Presence:

  • The company has a significant clientele both domestically and internationally.
  • As of June 30, 2023, 71% of its revenue came from the wires and cables segment, while 97% was from the FMEG segment through the B2C channel.

Bidding Starts In

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R R Kabel IPO Specifics:

IPO DateSeptember 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 Size18,975,938 shares
(aggregating up to ₹1,964.01 Cr)
Fresh Issue1,739,130 shares
(aggregating up to ₹180.00 Cr)
Offer for Sale17,236,808 shares of ₹5
(aggregating up to ₹1,784.01 Cr)
Employee DiscountRs 98 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue95,696,296
Shareholding post issue97,435,426

R R Kabel IPO Lot Size

The minimum lot size to apply in this R R Kabel IPO consists of 14 shares, requiring an investment of ₹14,490.

ApplicationLotsSharesAmount
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 Reservation

Anchor Investor Shares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer

R R Kabel Limited IPO Timetable (Important Dates)

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
Cut-off time for UPI mandate confirmation5 PM on September 15, 2023

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R R Kabel IPO Financial Information

As of March 31, 2023, the company's assets stood at ₹2,633.62 crores, with a revenue of ₹5,633.64 crores. The profit after tax for the same period was ₹189.87 crores. Here, you can get the complete data of the past three years:

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,715.112,050.642,633.62
Revenue2,745.944,432.225,633.64
Profit After Tax135.40213.94189.87
Net Worth1,033.381,237.051,390.47
Reserves and Surplus594.93781.31914.15
Total Borrowing498.71521.11515.84
Amount in ₹ Crore

Key Performance Indicator - R R KABEL Limited IPO

The market capitalization of R R KABEL Limited IPO stands at Rs 11675.63 Crore, with a P/E ratio of 39.26.

KPIValues
P/E (x)39.26
Market Cap (₹ Cr.)11675.63
ROE14.22%
ROCE15.57%
Debt/Equity0.36
EPS (Rs)17.09
RoNW13.66%

Objects of the Issue:

R R KABEL Limited IPO plans to utilize the net proceeds from the IPO for:

  1. Debt Management: The company aims to repay or prepay certain borrowings from banks and financial institutions.
  2. Corporate Initiatives: Funds will also be allocated for various general corporate activities.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. R R KABEL IPO DRHP and R R KABEL IPO RHP.

Frequently Asked Questions

What is an IPO?

An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "R R KABEL Limited" IPO?

The price range for the"R R KABEL Limited" IPO is ₹983 to ₹1035 per share.

When will the "R R KABEL Limited" IPO be listed on the stock exchange?

The "R R KABEL Limited" IPO is expected to be listed on Tuesday, September 26, 2023.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Team Lakshmishree

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