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.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| IPO Opening Date | Sep 13, 2023 |
|---|---|
| IPO Closing Date | Sep 15, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per share |
| IPO Price | ₹983 to ₹1035 per share |
| Market Lot | 14 Shares |
| Min Order Quantity | 14 Shares |
| Listing At | BSE, NSE |
| Issue Size | 18,975,938 shares (aggregating up to ₹1,964.01 Cr) |
| Fresh Issue | 1,739,130 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 |
| Share holding pre issue | 95,696,296 |
| Share holding post issue | 97,435,426 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Basis of Allotment Date | September 21, 2023 |
|---|---|
| Initiation of Refunds | September 22, 2023 |
| Credit of Shares to Demat Account | September 25, 2023 |
| IPO Listing Date | September 26, 2023 |
The minimum lot size of this R R Kabel IPO is 14 shares required is ₹14,490.
| 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 |
R R Kabel IPO is a main-board IPO of 18,975,938 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.
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.
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 IPO allotment status.
The R R Kabel IPO listing date is Tuesday, September 26, 2023.
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