RR Kabel is set to launch an IPO which will open on September 13, 2023, and close on September 15, 2023. Through this public offer company wants to raise Rs.1,964.01 Crore from the primary market, Company fixed the IPO price of Rs. 1,035 with a minimum lot of 14 shares, and list on September 26, according to the preliminary papers draft red herring prospectus (DRHP) filed to the capital market regulator SEBI.
RR KABEL is one of the leading companies in the electrical industry over 20 years in India. The company has two broad segments, 1. Wire & cables 2. Fast-moving electrical goods. The company manufacture cable product and wires under the brand of “RR”.
RR Kabel was the first company in India to introduce low smoke halogen technology and unilay core technology in wires and cables products.
RR Kabel is the fastest growing consumer electrical company among its competitors at a CAGR of 43.04%.
#RR Kabel IPO Object
The company proposed to use the IPO Funds for the below-mentioned purposes:
- 13.60 crore of the total net proceeds fund will be used for pre-payment/repayment in part/full of the borrowing.
- The Rest funds will be used for general corporate purposes and offer expenses.
#RR Kabel Strength
- Well recognized Consumer brands
- Extensive domestic and global network
- Well positioned for growth in the FMCG segment
- Experienced and committed professional management team.
#RR Kabel Forward Statements
Inability to maintain the stability of the distribution network in India.
#RR Kabel IPO Review & Rating
| Issue Size | 1,964.01 crore (Book built issue) |
| Issue Price | Rs. 983-1,035 per share |
| Lot size | 14 shares |
| Market Capitalization | 11,675.63 crore |
| Profit – 2023 | 189.87 crore |
| Total Assets – 2023 | 2,633.62 crore |
| Debt/Equity ratio | 0.36 |
| NAV Value | Rs. 17.09 per share |
| Pre-offer Promoter holding | 66.37% |
| Listing on Stock Exchanges | Mainboard BES and NSE |
| IPO Deliver Rating | 6/10 |
#RR Kabel IPO Dates, Price Band, Lot Size & Details
RR Kabel IPO is open on September 13, 2023, and closes on September 15, 2023. The IPO list on September 26, 2023.
| Type of issue | Fresh issue and offer for sale |
| Issue Size | Rs. 1,964.01 Crore |
| Price band | Rs. 983-1,035 per share |
| Lot size | 14 equity shares |
| Face Value | Rs.05 each equity share |
| IPO Open | September 13, 2023 |
| IPO Close | September 15, 2023 |
| IPO Allotment Date | September 21, 2023 |
| Refund Date | September 22, 2023 |
| Listing Date | September 26, 2023 |
| Fresh Issue | Rs. 180 Crore (1,739,130 equity share) |
| Offer for sale | Rs. 1,784.01 Crore (17,236,808 equity share) |
#RR Kabel Financials Review (millions)
The following table set forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021
|
| Total Revenue | 56,334.40 | 44,322.18 | 27,459.36 |
| Net worth | 13,904.74 | 12,370.47 | 10,333.75 |
| Profit after Tax (PAT)
|
1,898.72 | 2,139.37 | 1,353.98 |
| Total Borrowings
|
5,158.41 | 5,211.11 | 4,987.13 |
#RR Kabel IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 17.09 | 19.26 | 12.19 |
| Diluted EPS | 17.09 | 19.26 | 12.19 |
| RoNW | 13.66 | 17.29 | 13.10 |
| NAV | 125 | 111.38 | 93.04 |
#RR Kabel IPO Industry peers
| Company | EPS | P/E Ratio | RoNW | NAV |
| Havells India | 17.11 | 79.49 | 16.18 | 105.75 |
| Polycab India | 84.87 | 62.57 | 19.23 | 445.25 |
| Finolex Cabel | 32.97 | 34.52 | 34.52 | 285.76 |
#RR Kabel IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter (07) & promoter group (12) shareholding 66.37%
Post-offer promoter & promoter group shareholding 62.77%
# RR Kabel IPO Reservation
Retail investor (QIB): Not more than 50% of the offer size i.e. 9,487,969 equity shares.
NII: Not more than 15% of the offer size i.e. 2,846,390 equity shares
RII: Not less than 35% of the offer size i.e 6,641,578 equity shares
# RR Kabel Company Promoter
The company has seven promoters
- T R Kabra
- S R Kabra
- M R Kabra
- K S Kabra
- M/s. T K HUF
- M/s. S R HUF
- M/s. M K Kabra HUF
- Pre-offer shareholding: 66.37% (73,776, 147 equity shares) Post-offer shareholding 62.77%
- The average cost of acquisition for promoter-selling shareholders: Rs. 0.62-5.82 per equity share.
# RR Kabel IPO Registrar
Link Intime (India) Private Limited
Regd. Office: C 101, 1 st Floor, 247 Park L.B.S Marg Vikhroli (West), Mumbai 400 083 Maharashtra, India
Tel: +91 022-810 811 4949 and Email: rrkable.ipo@linkintime.co.in
Website: www. linkintime.co.in
# RR Kabel IPO lead manager
#1. Axix Capital Limited
Regd. Office: 1st Floor, Axis House C-2 Wadia International Centre Pandurang Budhkar Marg Worli, Mumbai 400 025 Maharashtra, India
Tel No.: +91 2243252183 and Email: rrkable.ipo@axixcapital.co.in
Website: www. axixcapital.co.in
#2. Citigroup Global Markets India Private Limited
Regd. Office: 1202, 12 th Floor, First International Financial Centre, G Block Bandra Kurla Complex, Bandra (East) Mumbai 400 098 Maharashtra, India
Tel No.: +91 2261759999 and Email: rrkable.ipo@citi.com
Website: www. citi.com
#3. JM Financial Limited
Regd. Office: 7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai 400 025 Maharashtra, India
Tel No.: +91 2266303030 and Email: rrkable.ipo@jmfl.com
Website: www. jmfl.com
#4. HSBC Securities and Capital Market (India) Private Limited
Tel No: +91-2268641289
Email: rrkableipo@hsbc.co.in and Website: www.hsbc.co.in
# RR Kabel IPO – DRHP & RHP
Draft Red Herring Prospectus (DRHP) – Click to view/download
Red Herring Prospectus (RHP) – Click to view/download
#RR Kabel IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “RR Kabel Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “RR Kabel Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
# RR Kabel Company Details
RR Kabel Limited (Registered on February 06, 1995)
Regd. Off: Ram Ratna House, Victoria Mill Compound, Pandurang Budhkar Marg, Worli, Mumbai 400 013, Maharashtra, India
Tel: +91 22249 49009 & Email: investorrelations.rrkl@rrgobal.com
Website: www.rrkabel.com
Investor Grievances/Compliance officer: Mr. H.N Parmar
Subsidiary Companies: No
# RR Kabel Company Board (Top 3)
Mr. T R Kabra, Chairman
Mr. S R Kabra, Managing Director
Mr. M R Kabra, Joint Managing Director
# RR Kabel IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is RR Kabel IPO Open date?
Ans: RR Kabel IPO opening date is September 12– September 15, 2023.
Q-2 what is RR Kabel IPO Close date?
Ans: RR Kabel IPO closing date is September 15, 2023
Q-3 What is RR Kabel IPO Listing date?
Ans: RR Kabel IPO listing date is September 26, 2023
Q-4 What is RR Kabel IPO Minimum investment amount?
Ans: RR Kabel IPO minimum investment amount is Rs.14,490.
Q-5 What is RR Kabel IPO offer issue Size?
Ans: RR Kabel offer an issue size of Rs. 1,964.01 crores, which comprise fresh issue and offer for sale.
Q-6 What is RR Kabel IPO Price Band?
Ans: RR Kabel IPO price band is Rs 983-1,035 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: Yes
Q-8 Is RR Kabel IPO mainboard IPO or SME IPO?
Ans: RR Kabel IPO is the mainboard IPO.
Q-9. What is RR Kabel promoter name?
Ans: RR Kabel has 07 promotors.
Q-10 RR Kabel IPO Rating by IPO Deliver Team?
Ans: Six Rating
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