RR Kabel IPO GMP Details
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RR Kabel Limited, Incorporated in 1995, specializes in providing consumer electrical products for residential, commercial, industrial, and infrastructure applications.
RR Kabel operates in two main segments:
- Wires and Cables: This includes a range of products such as house wires, industrial wires, power cables, and special cables.
- FMEG (Fans, Lighting, Switches, and Appliances): This segment covers fans, lighting solutions, switches, and various electrical appliances.
The company manufactures, markets, and sells wires and cable products under the ‘RR Kabel’ brand. It also offers fans and lights under the ‘Luminous Fans and Lights’ brand.
In 2020, RR Kabel expanded its portfolio by acquiring Arraystorm Lighting Private Limited. This acquisition brought the business of light-emitting diode (LED) lights and related hardware under RR Kabel’s umbrella. It enabled the company to cater to office, industrial, and warehouse lighting needs.
In 2022, RR Kabel further strengthened its FMEG portfolio by acquiring the home electrical business (HEB) of Luminous Power Technologies Private Limited. This acquisition granted RR Kabel a limited and exclusive license to use the ‘Luminous Fans and Lights’ brand for fan and light products. This strategic move included the rights to use 61 registered trademarks and a portfolio of lights and premium fans.
RR Kabel operates two manufacturing units in Waghodia, Gujarat, and Silvassa, Dadra and Nagar Haveli, and Daman and Diu, primarily focused on wire and cable production and switch manufacturing. Additionally, the company owns and manages three integrated manufacturing facilities in Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, specializing in FMEG product manufacturing.
RR Kabel serves a diverse clientele in both domestic and international markets. In the last three months, ending June 30, 2023, approximately 71% of its revenue from operations originated from the wires and cables segment, while the FMEG segment contributed to around 97% of the revenue, primarily through the B2C channel.
Objects of the Issue
The company aims to allocate the net proceeds from this issue for the following purposes:
- Repayment or Prepayment of Borrowings: This includes the complete or partial repayment of loans obtained by the company from banks and financial institutions.
- General Corporate Purposes: These funds will be used for the company’s overall operational and strategic requirements.
R R Kabel IPO Details
The RR Kabel IPO is a Book Built Issue with a total issue size of Rs 1,964.01 Crores. The price range for the RR Kabel IPO is set at ₹983 to ₹1035 per share, and the shares will be listed on both BSE and NSE.
IPO Date | September 13, 2023 to September 15, 2023 |
Listing Date | September 26, 2023 |
Face Value | ₹5 per share |
Price | ₹983 to ₹1035 per share |
Lot Size | 14 Shares |
Total Issue Size | 18,975,938 shares (aggregating up to ₹1,964.01 Cr) |
Fresh Issue | 1,739,130 shares (aggregating up to ₹180.00 Cr) |
Offer for Sale | 17,236,808 shares of ₹5 (aggregating up to ₹1,784.01 Cr) |
Employee Discount | Rs 98 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 95,696,296 |
Share holding post issue | 97,435,426 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
R R Kabel IPO Reservation
QIB Shares Offered | Not more than 50.00% of the Net offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
R R Kabel IPO Lot Size
The minimum lot size of this RR Kabel IPO is 14 shares required is ₹14,490.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 14 | ₹14,490 |
Retail (Max) | 13 | 182 | ₹188,370 |
S-HNI (Min) | 14 | 196 | ₹202,860 |
S-HNI (Max) | 69 | 966 | ₹999,810 |
B-HNI (Min) | 70 | 980 | ₹1,014,300 |
R R Kabel IPO Dates
RR Kabel IPO opens on September 13, 2023, and closes on September 15, 2023.
IPO Open Date | Wednesday, September 13, 2023 |
IPO Close Date | Friday, September 15, 2023 |
Basis of Allotment | Thursday, September 21, 2023 |
Initiation of Refunds | Friday, September 22, 2023 |
Credit of Shares to Demat | Monday, September 25, 2023 |
Listing Date | Tuesday, September 26, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on September 15, 2023 |
R R Kabel Limited Financial Report
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 |
Key Performance Indicator of RR Kabel Ltd
KPI | Values |
---|---|
Market Cap (₹ Cr.) | 11675.63 |
ROE | 14.22% |
ROCE | 15.57% |
Debt/Equity | 0.36 |
EPS (Rs) | 17.09 |
RoNW | 13.66% |
R R Kabel IPO Promoter Holding
Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Mahendrakumar Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, Tribhuvanprasad Kabra HUF, Kabra Shreegopal Rameshwarlal HUF and Mahendra Kumar Kabra HUF are the promoters of the company.
Pre Issue Share Holding | 66.42% |
Post Issue Share Holding | 62.77% |
R R Kabel Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
---|---|---|---|---|---|
19-09-2023 | 1035.00 | ₹95 ![]() | 1000/14000 | ₹1130 (9.18%) | 19-Sep-2023 20:28 |
18-09-2023 | 1035.00 | ₹96 ![]() | 1000/14000 | ₹1131 (9.28%) | 18-Sep-2023 23:30 |
17-09-2023 | 1035.00 | ₹104 ![]() | 1100/15400 | ₹1139 (10.05%) | 17-Sep-2023 23:28 |
16-09-2023 | 1035.00 | ₹104 ![]() | 1100/15400 | ₹1139 (10.05%) | 16-Sep-2023 23:25 |
15-09-2023 | 1035.00 | ₹108 ![]() | 1100/15400 | ₹1143 (10.43%) | 15-Sep-2023 23:28 |
14-09-2023 | 1035.00 | ₹118 ![]() | 1300/18200 | ₹1153 (11.4%) | 14-Sep-2023 23:32 |
13-09-2023 | 1035.00 | ₹146 ![]() | 1600/22400 | ₹1181 (14.11%) | 13-Sep-2023 23:31 |
12-09-2023 | 1035.00 | ₹150 ![]() | 1600/22400 | ₹1185 (14.49%) | 12-Sep-2023 23:30 |
11-09-2023 | 1035.00 | ₹218 ![]() | 2300/32200 | ₹1253 (21.06%) | 11-Sep-2023 23:30 |
10-09-2023 | 1035.00 | ₹250 ![]() | 2700/37800 | ₹1285 (24.15%) | 10-Sep-2023 23:29 |
09-09-2023 | 1035.00 | ₹260 ![]() | 2800/39200 | ₹1295 (25.12%) | 9-Sep-2023 23:27 |
08-09-2023 | 1035.00 | ₹305 ![]() | 3200/44800 | ₹1340 (29.47%) | 8-Sep-2023 23:25 |
07-09-2023 | NA | ₹40 ![]() | — | ₹40 (%) | 7-Sep-2023 23:27 |
R R Kabel Contact Information
RR Kabel Limited
Ram Ratna House, Victoria Mill Compound,
Pandurang Budhkar Marg, Worli,
Mumbai 400 013
Phone: +91 22 2494 9009
Email: investorrelations.rrkl@rrglobal.com
Website: https://www.rrkabel.com/
R R Kabel IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rkabel.ipo@linkintime.co.in
R R Kabel IPO FAQs
What is R R Kabel IPO?
RR Kabel IPO is a main-board IPO of 18,975,938 equity shares with a face value of ₹5, aggregating up to ₹1,964.01 Crores. The issue is priced in the range of ₹983 to ₹1035 per share. The minimum order quantity is 14 Shares. The IPO subscription period is from September 13, 2023, to September 15, 2023.
Link Intime India Private Ltd is the registrar for the IPO.
The shares are proposed to be listed on both BSE and NSE.
How to apply for R R Kabel IPO through Zerodha?
Zerodha customers can apply for the R Kabel IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), and submit the IPO application form. Here are the steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click the IPOs link.
3. Find the ‘RR Kabel IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does R R Kabel IPO open?
RR Kabel IPO opens on September 13, 2023, and closes on September 15, 2023.
What is the lot size of R R Kabel IPO?
The lot size for RR Kabel IPO is 14 Shares, with a minimum application amount of ₹14,490.
How can I apply for R R Kabel IPO?
You can apply for RR Kabel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account, while UPI IPO application is offered by brokers who do not provide banking services. Find more details about applying for IPOs online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will R R Kabel IPO allotment be finalized?
The finalization of the Basis of Allotment for RR Kabel IPO is scheduled for Thursday, September 21, 2023. Allotted shares will be credited to your demat account by Monday, September 25, 2023. You can check the RR Kabel IPO allotment status on that date.
When is the R R Kabel IPO listing date?
The listing date for RR Kabel IPO has not been announced yet. The tentative listing date for RR Kabel IPO is Tuesday, September 26, 2023.