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IPO Status: Listed [13th Sep 2023 to 15th Sep 2023]
R R Kabel Limited is launching an IPO at NSE and BSE platform. Fresh issue size of 1,739,131 sheres worth of Rs 180 Cr. and Offer for sale of 17,236,808 shares worth of Rs 1,784.01 Cr. The subscription period for this IPO is from Sep 13, 2023 to Sep 15, 2023. The face value each at Rs 5 per share and the issue price band for this IPO ranging from Rs 983 to Rs 1035 per shere along with the minimum lot size of this IPO 14 sheres or its multiples.
Stay tuned for more information on R R Kabel Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 13th Sep 2023 |
| IPO Issue Closing Date: | 15th Sep 2023 |
| IPO Issue Price: | ₹983.00-1035.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1964.01 Cr |
| Offer for Sale: | ₹1784.01 Cr |
| Fresh Issue: | ₹180.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | Emplopee:98.00 |
| Promoter Holding Pre IPO: | 66.42% |
| Promoter Holding Post IPO: | 62.77% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543981 |
| NSE Code: | RRKABEL |
Get important updates regarding R R Kabel IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st Sep 2023 |
| Refunds Initiation* | 22nd Sep 2023 |
| Credit of Shares to Demat* | 25th Sep 2023 |
| IPO Listing Date* | 20th Sep 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹983.00-1035.00 |
| Market Lot: | 14 Shares |
| 1 Lot Amount: | ₹14490 |
| Min Small HNI Lots(2-10 Lakh): | 196 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 980 shares (70 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-09-2023 | 1035.00 | 104 | 1100/15400 | ₹1139 (10.05%) | 20-Sep-2023 10:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
R R Kabel Limited was established in 1995. The company is one of the leading companies in the Indian electrical industry (consisting of wires and cables and fast moving electrical equipment) and has been operating in India for over 20 years. The company markets products in two broad segments: (i) wires and cables, including house wires, industrial wires, power cables, and specialty cables; and (ii) FMEG, including fans, lighting, switches, and appliances.
The Company manufactures, markets and sells (i) its cable products under the "RR Cable" brand and (ii) a line of consumer electrical products, including fans and lighting, under our licensed "RR" brand. The Company also manufactures, markets and sells fans and lights under the licensed brand "Luminous Fans and Lights."
The Wires and Cables segment has been in existence since fiscal 1999, and includes a wide range of products such as house connection wires, industrial wires, potheyr cables, and specialty cables. More details about their products.
They are the first company in India to introduce low smoke and halogen free insulation technology ("LS0H") in their wires and cables and offer products with Unilay core technology (heat resistant and flame retardant).
| Incorporation | Sector | IPO Issue Size | Website |
| 1995 | Electrical industry | ₹1964.01 Cr | https://www.rrkabel.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 3,772,137 (28.32%) | 2,829,102 (21.24%) | 6,601,237 (49.57%) | 115,261 | 13,317,737 | |
| 1 | 13th Sep 2023 19:04 | 0.00x | 0.29x | 0.37x | 0.59x | 0.25x |
| 2 | 14th Sep 2023 19:04 | 1.65x | 2.10x | 0.96x | 1.53x | 1.40x |
| 3 | 15th Sep 2023 19:04 | 52.26x | 13.23x | 2.13x | 2.69x | 18.69x |
| 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 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| R R Kabel Limited | 17.09 | 17.07 | 125.19 | 13.66 | Consolidated | |
| Havells India Limited | 17.11 | 17.11 | 105.75 | 79.49 | 16.18 | Consolidated |
| Polycab India Limited | 84.87 | 84.61 | 445.25 | 62.57 | 19.23 | Consolidated |
| KEI Industries Limited | 52.94 | 52.86 | 287.07 | 49.72 | 18.44 | Consolidated |
| Finolex Cables Limited | 32.97 | 32.97 | 285.76 | 34.52 | 11.54 | Consolidated |
| V-Guard Industries Limited | 4.38 | 4.35 | 37.2 | 72.37 | 11.76 | Consolidated |
| Crompton Greaves Consumer Electricals Limited | 7.29 | 7.27 | 48.85 | 41.81 | 15.33 | Consolidated |
| Bajaj Electricals Limited | 18.8 | 18.77 | 165.74 | 62.5 | 11.34 | Consolidated |
Last Updated on 24-Sep-2023 06:02:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase R R Kabel IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply R R Kabel IPO with Zerodha.
Alternate approch to apply in R R Kabel IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
R R Kabel IPO Review and Important Updates
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To subscribe or apply in R R Kabel IPO, you can use the following methods:
| R R Kabel IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in R R Kabel IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in R R Kabel IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in R R Kabel IPO. Most of the Syndicate Banks provide access to apply in R R Kabel IPO via ASBA process. You must have your net banking access, DP ID information to apply in R R Kabel IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in R R Kabel IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
R R Kabel IPO Review and Important Updates
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Applying in R R Kabel IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download R R Kabel IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply R R Kabel IPO, please refer article >> Link
R R Kabel IPO Review and Important Updates
Steps to download the online application form for R R Kabel IPO
Or
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R R Kabel IPO is going to be list on 20-09-2023. NSE Code for R R Kabel is RRKABEL. BSE Code for R R Kabel is 543981.
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R R Kabel IPO Allotment Date is 21-09-2023.
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R R Kabel IPO share allotment date?R R Kabel IPO allotment date?
