IPO Details

Bidding Dates

13 Sep '23 - 15 Sep '23

Minimum Investment

₹14,490 / 1 Lots (14 Shares)

Price Range

To be announced

Maximum Investment

₹188,370 / 13 Lots (182 Shares)

Retail Discount

Not Applicable

Issue Size

₹1,964.01 Cr

Investor category and sub category

Qualified Institutional Buyers   |   Non-Institutional Investors  |   Retail Individual Investors  |  

R R Kabel IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 13, 2023

IPO Closing Date

Sep 15, 2023

Basis of Allotment

Sep 21, 2023

Initiation of Refunds

Sep 22, 2023

Credit of Shares to Demat Account

Sep 25, 2023

IPO Listing Date

Sep 26, 2023

UPI Mandatory Expiry Date

Sep 15, 2023

R R Kabel IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 13, 2023

 0.00 0.29 0.37 0.25

Day 2Sep 14, 2023

 1.65 2.10 0.96 1.40

R R Kabel IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 1.65
Non-Institutional Buyers 2.10
Retail Investors 0.96
Employees 1.53
Total 1.40

About R R Kabel Ltd.

RR Kabel Limited offers consumer electrical products used for commercial, residential, industrial, and infrastructure purposes. It is a pioneering company based in India that has made significant contributions to the field of wires and cables. The company has introduced new technologies and set benchmarks in the industry. With a strong focus on quality and customer satisfaction, RR Kabel Limited has emerged as a leader in the market. 

One of the standout achievements of RR Kabel Limited is to introduce LS0H (Low Smoke Zero Halogen) insulation technology in its wires and cable products. Additionally, RR Kabel Limited also introduced Unilay Core Technology in its products. This technology offers heat resistance and flame retardant properties, further reinforcing the safety features of their wires and cables.

R R Kabel Limited IPO Details

R R Kabel Limited IPO Date 

R R Kabel Limited’s IPO will open on September 13, 2023, and close on September 15, 2023.R R Kabel Limited’s IPO will be listed on both BSE and NSE exchanges on September 26, 2023.

R R Kabel Limited IPO Price Band

R R Kabel is both fresh issue and Offer for Sale worth ₹1,873 – 1,963 crore. The issue comprises 18,975,938 shares and is priced at ₹983 to ₹1,035 per share. 

R R Kabel Limited IPO Lot Size

R R Kabel Limited’s IPO lot size is 14 shares and retail investors need to apply for a minimum of 1 lot, which is ₹14,490. 

R R Kabel Limited IPO Objectives 

The objectives of R R Kabel Limited's IPO are listed below:

  • For the repayment or prepayment, in whole or in part, of borrowings availed by the company from banks and financial institutions. 
  • To meet general corporate purposes.

Peer Details

Havells India Limited, Polycab India Limited, and KEI Industries Limited are among the few comparable peer companies listed in India engaged in the same business line. 

How To Check the R R Kabel Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the R R Kabel Limited IPO. 

Contact Details of R R Kabel Limited IPO

  • Registered office: Ram Ratna House, Victoria Mill Compound, Pandurang Budhkar Marg, Worli, Mumbai 400 013, Maharashtra, India.
  • Phone: +91 22 2494 9009
  • E-mail:investorrelations.rrkl@rrglobal.com

Company Financials

Particulars Period ending on March 31, 2023 (₹ in million) Period ending on March 31, 2022 (₹ in million) Period ending on March 31, 2021 (₹ in million)
Total Income 56,336.40 44,322.18 27,459.36
Profit After Tax (PAT) 1,898.72 2,139.37 1,353.98
Net Worth 13,904.74 12,370.47 10,333.75
Earnings Per Share (in ₹) 17.09 19.26 12.19
Total Borrowings 5,158.41 5,211.11 4,987.13

Know before investing

Strengths

3

  1. The total income of the company increased by more than 100% from ₹27,459.36 million on March 31, 2021, to ₹56,336.40 million on March 31, 2023.

  2. The profit after tax of the company increased by approximately 40% from ₹1,353.98 million on March 31, 2021, to ₹1,898.72 million on March 31, 2023.

  3. RR Kabel Limited has a strong brand reputation in India. The company has been in business for over 30 years and has a wide range of customers, including government agencies, private businesses, and individuals.

Risks

3

  1. The costs of the raw materials that RR Kabel uses in its manufacturing process are subject to volatility due to factors beyond its control. Increases or fluctuations in raw material prices may adversely affect the business, financial condition, results of operations and cash flows.

  2. The company’s inability to maintain the stability of its distribution network across its distribution channels and attract additional distributors, dealers and retailers may have a material adverse effect on its operations and financial condition results.

  3. The company is dependent on the wires and cables business. Any downside in this business can impact the company’s operation.

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More About R R Kabel Ltd IPO

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ARQ Recommendation Report Detailed Research Report

R R Kabel Ltd IPO FAQs

What is R R Kabel Limited's IPO?

The R R Kabel Ltd IPO contains both fresh issue and Offer for Sale worth ₹1,873 – 1,963 crore. The issue comprises 18,975,938 shares and is priced at ₹983 to ₹1,035 per share. The IPO will open on September 13, 2023.   

When will R R Kabel Limited's IPO be allotted?

The Basis of Allotment will happen on Thursday, September 21, 2023.

When will R R Kabel Limited's IPO open for subscription?

The IPO subscription window will open on Wednesday, September 13, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 14 shares.

When will R R Kabel Limited list on exchanges?

R R Kabel Ltd IPO will list on BSE and NSE exchanges on Tuesday, September 26, 2023.

How do I check the allotment status of the R R Kabel Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the R R Kabel Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Tuesday, September 26, 2023, for R R Kabel Ltd. 

I have finished the application process for the R R Kabel Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for R R Kabel Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of R R Kabel Limited using one PAN?

You can submit only one application using your PAN card.