The RR Kabel IPO commenced on September 13, 2023, and concluded on September 15, 2023. The allotment of shares took place on September 21, 2023, and the initiation of refunds began on September 22, 2023. The shares were credited to the demat accounts of investors on September 25, 2023. Finally, the listing of RR Kabel on the stock exchange occurred on September 26, 2023.
The RR Kabel IPO was priced at ₹983 to ₹1035 per share, with a lot size of 14. The total issue size was ₹1,964.01 crores, comprising a fresh issue of ₹180.00 crores and an offer for sale of ₹1,784.01 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
RR Kabel IPO Basic Details
|Company Name||RR Kabel Limited|
|Domain of Company||Company Manufactures Electrical Products|
For Homes, Businesses, Industries, And
|RR Kabel IPO GMP Today||₹260|
|RR Kabel IPO Listing Gain||25.12%|
|RR Kabel IPO Open Date||September 13, 2023|
|RR Kabel IPO Close Date||September 15, 2023|
|RR Kabel IPO Allotment Date||September 21, 2023|
|RR Kabel IPO Listing Date||September 26, 2023|
|Face Value||₹10 per share|
|Price||₹983 to ₹1035 per share|
|Lot Size||14 Shares|
|Issue Size||18,975,938 shares of ₹5|
(aggregating up to ₹1,964.01 Cr)
|Fresh Issue||1,739,130 shares of ₹5|
(aggregating up to ₹180.00 Cr)
|Offer for Sale||17,236,808 shares of ₹5|
(aggregating up to ₹1,784.01 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||Tribhuvanprasad Rameshwarlal Kabra,|
Shreegopal Rameshwarlal Kabra,
Mahendrakumar Rameshwarlal Kabra,
Kirtidevi Shreegopal Kabra,
Tribhuvanprasad Kabra HUF,
Kabra Shreegopal Rameshwarlal HUF
and Mahendra Kumar Kabra HUF
RR Kabel IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|10 September 2023||₹260||25.12%||–||–|
|9 September 2023||₹260||25.12%||–||–|
RR Kabel IPO Details:
Founded in 1995, R R Kabel Limited is a company that specializes in providing electrical products for homes, businesses, industries, and infrastructure projects.
R R Kabel operates in two main areas:
- Wires and Cables: This includes various types of wires and cables such as house wiring, industrial wiring, power cables, and specialized cables.
- FMEG (Fans, Lighting, Switches, and Appliances): This segment includes products like fans, lighting fixtures, switches, and appliances.
The company manufactures, markets, and sells its wire and cable products under the ‘RR Kabel’ brand, and its fans and lights under the ‘Luminous Fans and Lights’ brand.
In 2020, R R Kabel expanded its business by acquiring Arraystorm Lighting Private Limited, which included the LED lights and related hardware business. This move allowed them to offer lighting solutions for office, industrial, and warehouse spaces. In 2022, the company acquired the home electrical business (HEB) of Luminous Power Technologies Private Limited. As part of this acquisition, they gained a limited and exclusive license to use the ‘Luminous Fans and Lights’ brand for fan and light products for up to four years, with the option to renew for an additional three months. This also included the rights to use 61 registered trademarks and a range of premium lights and fans, strengthening their FMEG portfolio.
R R Kabel operates 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, they have three integrated manufacturing facilities located in Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, which handle the production of FMEG products.
R R Kabel serves customers both in the domestic and international markets. As of the last three months ending on June 30, 2023, 71% of their revenue came from the wires and cables segment, and 97% of their revenue came from the FMEG segment through the B2C channel.
RR Kabel IPO More Details Click Here
RR Kabel IPO FAQs
When is RR Kabel IPO open?
RR Kabel IPO will open on 13 September 2023.
When is RR Kabel IPO Close?
RR Kabel IPO will be closed on 15 September 2023.
What is RR Kabel IPO GMP Today?
The RR Kabel IPO GMP aka Grey Market Premium is ₹260.
What is RR Kabel IPO Kostak Rates Today?
The RR Kabel IPO Kostak Rate is ₹000.
What is RR Kabel IPO Subject to Sauda Price Today?
The RR Kabel IPO subject to sauda rates is ₹000.
RR Kabel IPO Expected Returns?
The RR Kabel expected return is 25.12%.
How much will be the listing gain in RR Kabel IPO?
RR Kabel IPO will get listing gain of 25.12%. (Approx.)