Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
R R Kabel IPO is a book build issue of ₹1,964.01 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to ₹181.03 crores and offer for sale of 1.72 crore shares aggregating to ₹1,782.98 crores.
R R Kabel IPO bidding started from Sep 13, 2023 and ended on Sep 15, 2023. The allotment for R R Kabel IPO was finalized on Sep 21, 2023. The shares got listed on BSE, NSE on Sep 20, 2023.
R R Kabel IPO price band is set at ₹1035.00 per share . The lot size for an application is 14. The minimum amount of investment required by an retail is ₹13,762 (14 shares). The lot size investment for sNII is 14 lots (196 shares), amounting to ₹2,02,860, and for bNII, it is 70 lots (980 shares), amounting to ₹10,14,300.
The issue includes a reservation of up to 1,15,261 shares for employees offered at a discount of ₹98.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹983 to ₹1035 per share |
| Issue Price Final | ₹1035 per share |
| Lot Size | 14 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,89,86,713 shares (aggregating up to ₹1,964.01 Cr) |
| Fresh Issue | 17,50,031 shares (aggregating up to ₹181.03 Cr) |
| Offer for Sale | 1,72,36,682 shares of ₹5 (aggregating up to ₹1,782.98 Cr) |
| Employee Discount | ₹98.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 9,74,35,427 shares |
R R Kabel IPO offers total 1,89,86,851 shares. Out of which 94,35,794 (49.70%) allocated to QIB, 37,77,593 (19.90%) allocated to QIB, 28,30,739 (14.91%) allocated to NII, 66,05,057 (34.79%) allocated to RII and 56,58,201 (29.80%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 94,35,794 (49.70%) | NA |
| − Anchor Investor Shares Offered | 56,58,201 (29.80%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 37,77,593 (19.90%) | NA |
| NII (HNI) Shares Offered | 28,30,739 (14.91%) | NA |
| − bNII > ₹10L | 18,87,159 (9.94%) | 9,628 |
| − sNII < ₹10L | 9,43,580 (4.97%) | 4,814 |
| Retail Shares Offered | 66,05,057 (34.79%) | 4,71,789 |
| Employee Shares Offered | 1,15,261 (0.61%) | NA |
| Total Shares Offered | 1,89,86,851 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
R R Kabel IPO raises ₹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 | 56,58,201 |
| 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 | Wed, Sep 13, 2023 |
| IPO Close Date | Fri, Sep 15, 2023 |
| Tentative Allotment | Thu, Sep 21, 2023 |
| Initiation of Refunds | Fri, Sep 22, 2023 |
| Credit of Shares to Demat | Mon, Sep 25, 2023 |
| Tentative Listing Date | Wed, Sep 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 15, 2023 |
Investors can bid for a minimum of 14 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,490 |
| Retail (Max) | 13 | 182 | ₹1,88,370 |
| S-HNI (Min) | 14 | 196 | ₹2,02,860 |
| S-HNI (Max) | 69 | 966 | ₹9,99,810 |
| B-HNI (Min) | 70 | 980 | ₹10,14,300 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹11675.63 Cr.
| KPI | Values |
|---|---|
| ROE | 14.22% |
| ROCE | 15.57% |
| Debt/Equity | 0.36 |
| RoNW | 13.66% |
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...
| Listing Date | September 20, 2023 |
| BSE Script Code | 543981 |
| NSE Symbol | RRKABEL |
| ISIN | INE777K01022 |
| Final Issue Price | ₹1035 per share |
| BSE Listing Group | B |
R R Kabel Ltd.
Ram Ratna House, Victoria Mill Compound,
Pandurang Budhkar Marg, Worli,
Mumbai 400 013
Mumbai, Maharashtra
Phone: +91 22 2494 9009
Email: investorrelations.rrkl @rrglobal.com
Website: https://www.rrkabel.com/
MUFG Intime India Pvt.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 1,89,86,713 equity shares of the face value of ₹5 aggregating up to ₹1,964.01 Crores. The issue is priced at ₹1035 per share. The minimum order quantity is 14.
The IPO opens on September 13, 2023, and closes on September 15, 2023.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹14,490.
You can apply in R R Kabel IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The R R Kabel IPO listing date is on Wednesday, September 20, 2023.
Useful Articles
RHP