RR Kabel IPO Description – The company is one of the leading players in the Indian consumer electrical industry with an operating history of over 20 years. It sells products across two broad segments – (i) wires and cables including house wires, industrial wires, power cables, and special cables; and (ii) FMEG including fans, lighting, switches, and appliances.
RR Kabel undertakes the manufacturing, marketing, and sale of (i) its wires and cable products under our ‘RR Kabel’ brand, and (ii) a variety of consumer electrical products, including fans and lights under the ‘RR’ brand, which is licensed by it. The company also manufactures, markets, and sells fans and lights under the ‘Luminous Fans and Lights’ brand. The ‘RR Kabel’ brand has over 20 years of operating history, while the ‘RR’ and the ‘Luminous Fans and Lights’ brands, which are licensed by it, have over 7 years and over 10 years of operating history, respectively.
The wires and cables segment has been in operation since the Fiscal 1999 and includes a wide range of products such as house wires, industrial wires, power cables, and special cables. The company has actively diversified and expanded its product portfolio in adjacent areas such as FMEG, both organically and inorganically. In Fiscal 2020, it amalgamated the business from one of its group companies, Ram Ratna Electricals Limited (RREL). In Fiscal 2020, it also acquired the light emitting diode (LED) lights and related hardware business (LED Lights Business) of Arraystorm Lighting Private Limited. In May 2022, RR Kabel acquired the corresponding home electrical business of Luminous Power Technologies Private Limited.
Promoters of RR Kabel – Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Mahendrakumar Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, Tribhuvanprasad Kabra HUF, Kabra Shreegopal Rameshwarlal HUF and Mahendra Kumar Kabra HUF
RR Kabel IPO Details
| RR Kabel IPO Dates | 13 – 15 September 2023 |
| RR Kabel IPO Price | INR 983 – 1,035 per share (Employee discount – INR 98 per share) |
| Fresh issue | INR 180 crore |
| Offer For Sale | 17,236,808 shares INR 1,694.38 – 1,784.01 crore |
| Total IPO size | INR 1,874.38 – 1,964.01 crore |
| Minimum bid (lot size) | 14 shares INR 14,490 |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
RR Kabel Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 2,723.9 | 4,385.9 | 5,599.20 | 1,597.31 |
| Expenses | 2,565.6 | 4,152.1 | 5,378.59 | 1,514.88 |
| Net income | 142.6 | 230.7 | 202.2 | 103.9 |
| Margin (%) | 5.24 | 5.26 | 3.61 | 6.50 |
RR Kabel Offer News
RR Kabel Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 12.18 | 19.22 | 17.07 |
| PE ratio | – | – | 57.59 – 60.63 |
| RONW (%) | 13.10 | 17.29 | 13.66 |
| NAV | – | 111.38 | 125.19 |
| ROCE (%) | 13.59 | 17.41 | 15.57 |
| EBITDA (%) | 9.22 | 7.98 | 6.35 |
| Debt/Equity | 0.48 | 0.42 | 0.36 |
RR Kabel IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 19 September 2023 | 100 | 600 | 1,800 |
| 18 September 2023 | 100 | 600 | 1,800 |
| 16 September 2023 | 120 | 600 | 1,800 |
| 15 September 2023 | 130 | 600 | 1,800 |
| 14 September 2023 | 175 | 600 | 2,000 |
| 13 September 2023 | 200 | 700 | 2,400 |
| 12 September 2023 | 210 | 700 | 2,500 |
| 11 September 2023 | 230 | 800 | 3,000 |
| 9 September 2023 | 250 | – | 3,000 |
| 8 September 2023 | 30 | – | – |
RR Kabel IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 37,72,137 | 28,29,102 | 66,01,237 | 1,15,261 | 1,33,17,737 |
| 15 Sep 2023 | 52.26 | 13.23 | 2.12 | 2.68 | 18.69 |
| 14 Sep 2023 | 1.65 | 2.16 | 1.00 | 1.57 | 1.44 |
| 13 Sep 2023 | 0.00 | 0.29 | 0.36 | 0.58 | 0.25 |
RR Kabel IPO Allotment Status
RR Kabel IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Meanwhile, bank debits and lien removal have started. Please check the effective balance to know the allotment status.
RR Kabel IPO Dates & Listing Performance
| RR Kabel IPO Opening Date | 13 September 2023 |
| RR Kabel IPO Closing Date | 15 September 2023 |
| Finalization of Basis of Allotment | 18 September 2023 |
| Initiation of refunds | 18 September 2023 |
| Transfer of shares to demat accounts | 19 September 2023 |
| RR Kabel IPO Listing Date | 20 September 2023 |
| Opening Price on NSE | INR 1,180 per share (up 14.01%) |
| Closing Price on NSE | INR 1,186.05 per share (up 14.59%) |
RR Kabel IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
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Arihant Capital –
Ashika Research – Not Rated
Asit C Mehta –
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Dalal & Broacha –
Elite Wealth – Aggressive investors may apply
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GEPL Capital – Avoid
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ICICIdirect –
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KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
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Reliance Securities –
Religare Broking –
Samco Securities – Not Rated
SMC Global – 1.5/5
Swastika Investmart –
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InvestmentZ – Subscribe
RR Kabel Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, C-2, Axis House Wadia International Centre
P.B. Marg, Worli Mumbai 400 025 Maharashtra, India
Phone: +91 22 4325 2183
Email:Â [email protected]
Website:Â www.axiscapital.co.in
RR Kabel Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone:Â +91 22 4918 6200
Email:Â [email protected]
Website:Â www.linkintime.com
RR Kabel Contact Details
RR KABEL LIMITED
Alembic Business Park (West), Ground Floor,
Bhailal Amin Marg, Gorwa, Vadodara 390 003,
Gujarat, India
Phone:Â +91 22 24949009
Email:Â [email protected]
Website: www.rrkabel.com
RR Kabel IPO FAQs
How many shares in RR Kabel IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in RR Kabel Public Offer?
The best way to apply in RR Kabel public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is RR Kabel IPO GMP today?
RR Kabel IPO GMP today is INR 100 per share.
What is RR Kabel kostak rate today?
RR Kabel kostak rate today is INR 600 per application.
What is RR Kabel Subject to Sauda rate today?
RR Kabel Subject to Sauda rate today is INR 1,800 per application.
