The RR Kabel IPO started on September 13, 2023, and ended on September 15, 2023. Shares were allocated on September 21, 2023, and refund processes began on September 22, 2023. On September 25, 2023, the shares were credited to investors demat accounts. RR Kabel was officially listed on the stock exchange on September 26, 2023.
During the IPO, RR Kabel offered shares at a price range of ₹983 to ₹1035 per share, and the lot size was 14 shares. The total issue size was ₹1,964.01 crores, with ₹180.00 crores from new shares and ₹1,784.01 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
RR Kabel IPO Subscription Update Video
RR Kabel IPO Subscription Status
The RR Kabel IPO on September 15, 2023 was subscribed 18.69 times, with the retail category being subscribed 2.13 times, the NII (Non-Institutional Investor) category being subscribed 13.23 times, the QIB (Qualified-Institutional Buyers) category being subscribed 52.26 times and the Employee category being subscribed 2.69 times.
| Category | Subscription |
| QIB | 52.26x |
| NII | 13.23x |
| Retail | 2.13x |
| Employee | 2.69x |
| Total | 18.69x |
RR Kabel IPO Basic Details
| Company Name | RR Kabel Limited |
| Domain of Company | Company Manufactures Electrical Products For Homes, Businesses, Industries, And Infrastructure Projects |
| IPO Open Date | September 13, 2023 |
| IPO Close Date | September 15, 2023 |
| IPO Allotment Date | September 21, 2023 |
| 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 |
About RR Kabel Limited
Founded in 1995, R R Kabel Limited specializes in consumer electrical products designed for residential, commercial, industrial, and infrastructure use.
R R Kabel operates in two main categories:
- Wires and Cables: This includes house wires, industrial wires, power cables, and special cables.
- FMEG (Fans, Lighting, Switches, and Appliances): This category encompasses fans, lighting solutions, switches, and various appliances.
The company handles the manufacturing, marketing, and sale of wires and cable products under the ‘RR Kabel’ brand. They also offer fans and lights under the ‘Luminous Fans and Lights’ brand.
In 2020, R R Kabel expanded its offerings by acquiring Arraystorm Lighting Private Limited. This acquisition brought them into the LED lighting and related hardware business, allowing them to serve office, industrial, and warehouse spaces. In 2022, the company acquired the home electrical business (HEB) of Luminous Power Technologies Private Limited. This deal granted them a limited and exclusive license to use the ‘Luminous Fans and Lights’ brand for fan and light products for up to four years, with an option to renew for an additional three months. This included the rights to use 61 registered trademarks and a portfolio of premium lights and fans, bolstering 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 own and manage three integrated manufacturing facilities in Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, where they produce FMEG products.
The company serves both domestic and international markets, with 71% of its revenue from operations in the last three months ending June 30, 2023, coming from the wires and cables segment and 97% from the FMEG segment through the B2C channel.
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RR Kabel IPO FAQs
What is the start and end date of RR Kabel IPO Subscription?
The RR Kabel IPO started on September 13, 2023, and ended on September 15, 2023.
When does RR Kabel IPO Subscription open?
The RR Kabel IPO open on September 13, 2023.
When does RR Kabel IPO Subscription close?
The RR Kabel IPO Close on September 15, 2023.
What is the allotment date of RR Kabel IPO?
The allotment date for RR Kabel IPO is September 21, 2023.
When is the initial refund date of RR Kabel IPO?
The initial Refund date for RR Kabel IPO is September 22, 2023.
When were the shares credited to investors demat accounts for the RR Kabel IPO?
The shares for the RR Kabel IPO were credited to investors demat accounts on September 25, 2023.
When will RR Kabel IPO be listed on the stock market?
RR Kabel IPO stock market will be listed on September 26, 2023 at 10 am.
What was the price range of the RR Kabel IPO shares?
The RR Kabel IPO shares were offered at a price range of ₹983 to ₹1035 per share.
What was the lot size for the RR Kabel IPO shares?
The lot size for the RR Kabel IPO shares was 14 shares.
What was the total issue size of the RR Kabel IPO?
The total issue size of the RR Kabel IPO was ₹1,964.01 crores.
How were the shares allocated among different types of investors for the RR Kabel IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the RR Kabel IPO listed?
The RR Kabel IPO was listed on both the NSE and BSE.
What is the RR Kabel IPO Subscription Status?
RR Kabel IPO is subscribed 00 Times.
