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R R Kabel IPO is a book built issue of Rs 1,964.01 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to Rs 180.00 crores and offer for sale of 1.72 crore shares aggregating to Rs 1,784.01 crores.
R R Kabel IPO bidding started from September 13, 2023 and ended on September 15, 2023. The allotment for R R Kabel IPO was finalized on Thursday, September 21, 2023. The shares got listed on BSE, NSE on September 20, 2023.
R R Kabel IPO price band is set at ₹983 to ₹1035 per share. The minimum lot size for an application is 14 Shares. The minimum amount of investment required by retail investors is ₹14,490. The minimum lot size investment for sNII is 14 lots (196 shares), amounting to ₹202,860, and for bNII, it is 70 lots (980 shares), amounting to ₹1,014,300.
The issue includes a reservation of up to 115,261 shares for employees offered at a discount of Rs 98 to the issue price.
Axis Capital Limited, Citigroup Global Markets India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd and Jm Financial Limited are the book running lead managers of the R R Kabel IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to R R Kabel IPO RHP for detailed information.
| IPO Date | September 13, 2023 to September 15, 2023 |
| Listing Date | September 20, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹983 to ₹1035 per share |
| Lot Size | 14 Shares |
| Total Issue Size | 18,975,939 shares (aggregating up to ₹1,964.01 Cr) |
| Fresh Issue | 1,739,131 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 | 97,435,427 |
R R Kabel IPO offers 18,975,938 shares. 3,772,137 (19.88%) to QIB, 2,829,102 (14.91%) to NII, 6,601,237 (34.79%) to RII, 115,261 (0.61%) to employees 5,658,201 (29.82%) to Anchor investors. 471,516 RIIs will receive minimum 14 shares and 4,811 (sNII) and 9,622 (bNII) will receive minimum 196 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 5,658,201 (29.82%) | NA |
| QIB Shares Offered | 3,772,137 (19.88%) | NA |
| NII (HNI) Shares Offered | 2,829,102 (14.91%) | |
| bNII > ₹10L | 1,886,068 (9.94%) | 9,622 |
| sNII < ₹10L | 943,034 (4.97%) | 4,811 |
| Retail Shares Offered | 6,601,237 (34.79%) | 471,516 |
| Employee Shares Offered | 115,261 (0.61%) | NA |
| Total Shares Offered | 18,975,938 (100%) |
R R Kabel IPO raises Rs 585.62 crore from anchor investors. R R Kabel IPO Anchor bid date is September 12, 2023. R R Kabel IPO Anchor Investors list
| Bid Date | September 12, 2023 |
| Shares Offered | 5,658,201 |
| Anchor Portion Size (In Cr.) | 585.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 21, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 20, 2023 |
R R 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 | Wednesday, September 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 15, 2023 |
Investors can bid for a minimum of 14 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
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.
| Share Holding Pre Issue | 66.42% |
| Share Holding Post Issue | 62.77% |
Incorporated in 1995, R R Kabel Limited provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.
R R Kabel has two broad segments:
The company undertakes the manufacturing, marketing, and sale of wires and cable products under 'RR Kabel' brand, and fans and lights under the 'Luminous Fans and Lights' brand.
In 2020, R R Kabel acquired Arraystorm Lighting Private Limited and obtained light emitting diode (LED) lights and related hardware business (LED Lights Business) along with its trademarks and design certificates, to expand their portfolio to cover office, industrial, and warehouse spaces. In 2022, the company acquired the home electrical business (HEB) of Luminous Power Technologies Private Limited, and obtained a limited and exclusive license to use the Luminous Fans and Lights brand for fan and light products for a maximum period of four years with a one-time option to further renew the license for a period of three months and, that includes a right to use 61 registered trademarks, and a portfolio of lights and premium fans, to strengthen our FMEG portfolio.
The company has two manufacturing units located at Waghodia, Gujarat, and Silvassa, Dadra and Nagar Haveli, and Daman and Diu which primarily carry out manufacturing operations of wire and cables and switches. Apart from that, it owns and operates three integrated manufacturing facilities which are located at Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, which carry out manufacturing operations in respect of FMEG products.
R R Kabel's clientele comes from both the domestic market and international markets. In the last three months ending June 30, 2023, 71% of its revenue from operations came from the wires and cables segment; and 97% of the revenue from operations came from the FMEG segment, from the B2C channel.
| 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 market capitalization of R R Kabel IPO is Rs 11675.63 Cr.
| KPI | Values |
|---|---|
| ROE | 14.22% |
| ROCE | 15.57% |
| Debt/Equity | 0.36 |
| RoNW | 13.66% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.09 | |
| P/E (x) | 39.26 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is one of the leading Indian consumer electrical goods manufacturers and enjoys brand value with quality products. It has posted steady growth in its top line but suffered pressure on margins for FY23. Based on annualized FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long-term rewards in this long race horse. Read detail review...
The R R Kabel IPO is subscribed 18.69 times on September 15, 2023 7:02:00 PM. The public issue subscribed 2.13 times in the retail category, 52.26 times in the QIB category, and 13.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 52.26 |
| NII | 13.23 |
| bNII (bids above ₹10L) | 15.68 |
| sNII (bids below ₹10L) | 8.33 |
| Retail | 2.13 |
| Employee | 2.69 |
| Total | 18.69 |
Total Application : 862,035 (1.83 times)
| Listing Date | September 20, 2023 |
| BSE Script Code | 543981 |
| NSE Symbol | RRKABEL |
| ISIN | INE777K01022 |
| Final Issue Price | ₹1035 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,035.00 |
| ₹1,179.00 |
| ₹1,137.60 |
| ₹1,212.80 |
| ₹1,196.65 |
| NSE |
|---|
| ₹1,035.00 |
| ₹1,180.00 |
| ₹1,136.80 |
| ₹1,212.70 |
| ₹1,198.05 |
R R 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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rkabel.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
R R Kabel IPO is a main-board IPO of 18,975,939 equity shares of the face value of ₹5 aggregating up to ₹1,964.01 Crores. The issue is priced at ₹983 to ₹1035 per share. The minimum order quantity is 14 Shares.
The IPO opens on September 13, 2023, and closes on September 15, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in R R Kabel IPO using UPI as a payment gateway. Zerodha customers can apply in R R Kabel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in R R Kabel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The R R Kabel IPO opens on September 13, 2023 and closes on September 15, 2023.
R R Kabel IPO lot size is 14 Shares, and the minimum amount required is ₹14,490.
You can apply in R R Kabel IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for R R Kabel IPO will be done on Thursday, September 21, 2023, and the allotted shares will be credited to your demat account by Monday, September 25, 2023. Check the R R Kabel IPO allotment status.
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