R R Kabel Limited IPO Details: The scheduled date for R R Kabel Limited’s IPO has been confirmed. The IPO is set to enter the market on September 13th and conclude on September 15th. The company aims to gather approximately ₹180 crores through this IPO. This sum includes a fresh issue of ₹180 crores via 17236808 shares, each valued at ₹5. The retail quota is 35%, while QIB is 50% and HNI is 15%
What is R R Kabel Limited IPO?
R R Kabel Limited IPO is an initial public offering (IPO) of equity shares by R R Kabel Limited, a leading manufacturer of wires and cables in India. The IPO is a combination of a fresh issue of 17,39,130 equity shares and an offer for sale (OFS) of 1,72,36,808 equity shares. The total size of the IPO is ₹1,964.01 crore.
The fresh issue will be used to fund the company’s expansion plans, including the setting up of a new manufacturing plant and the enhancement of its existing manufacturing facilities. The OFS will be used to partially repay the company’s debt.
The IPO is open for subscription from September 13 to September 15, 2023. The price band for the IPO is ₹983 to ₹1035 per share. The shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The grey market premium (GMP) for the IPO is ₹40 per share, as of September 9, 2023. This means that the shares are trading in the grey market at a premium of ₹40 per share over the upper price band of the IPO.
The IPO is being managed by Kotak Mahindra Capital Company, Axis Capital, and ICICI Securities.
Here are some key details of the R R Kabel Limited IPO:
- Issue size: ₹1,964.01 crore
- Fresh issue: 17,39,130 equity shares
- OFS: 1,72,36,808 equity shares
- Price band: ₹983 to ₹1035 per share
- Subscription dates: September 13 to September 15, 2023
- Listing dates: September 26, 2023
If you are interested in applying for the R R Kabel Limited IPO, you can do so through a stockbroker. Please do your own research before making any investment decisions.
Objective of the R R Kable’s IPO
- Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions
- General corporate purposes
R R Kable IPO Date & Price Band Details
| IPO Open: | September 13, 2023 |
| IPO Close: | September 15, 2023 |
| IPO Size: | Approx ₹180 Crores |
| Fresh Issue: | Approx ₹180 Crores |
| Offer for Sale: | Approx ₹1784 Crores |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹983 to ₹1035 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | |
| RHP Draft Prospectus: |
R R Kabel IPO Market Lot
The R R Kabel IPO minimum market lot is 14 shares with ₹14490 application amount. The retail investors can apply up-to 13 lots with 183 shares or ₹188370 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 14 | ₹14490 |
| Retail Maximum | 13 | 183 | ₹188370 |
| S-HNI Minimum | 14 | 196 | ₹202860 |
| B-HNI Minimum | 68 | 980 | ₹1014300 |
RR Kabel IPO Allotment & Listing Dates
The RR Kabel IPO date is September 13 and the close date is September 15. The RR Kabel IPO allotment will be finalized on 21 September 2023 and the IPO listing on 26 September 2023.
| Price Band Announcement: | September 7, 2023 |
| Anchor Investors Allotment: | September 13, 2023 |
| IPO Open Date: | September 13, 2023 |
| IPO Close Date: | September 15, 2023 |
| Basis of Allotment: | September 21, 2023 |
| Refunds: | September 22, 2023 |
| Credit to Demat Account: | September 25, 2023 |
| IPO Listing Date: | September 26, 2023 |
R R Kabel IPO Allotment & Listing Dates
Here is the list of important dates for R R Kabel IPO. Please mark these dates on your calendar for timely reminders. For your convenient, I have created a IPO Calendar which you can add to your mobile phone and get the timely alert.
RR Kabel Company Financials
| Year | Revenue | Expense | PAT |
| 2021 | ₹2746 | ₹2566 | ₹135.40 |
| 2022 | ₹4433 | ₹4152 | ₹213.94 |
| 2023 | ₹5637 | ₹5379 | ₹189.87 |
R R Kabel IPO Valuation
The valuation of the R R Kabel Limited IPO is based on the price band of ₹983 to ₹1035 per share. At the upper end of the price band, the company’s market capitalization will be around ₹13,800 crore.
The valuation of the IPO is comparable to other listed companies in the wires and cables industry. For example, the market capitalization of Finolex Cables is around ₹11,000 crore and the market capitalization of KEI Industries is around ₹10,000 crore.
However, it is important to note that the valuation of the IPO is also affected by other factors, such as the company’s financial performance, its growth prospects, and the overall market conditions.
Ultimately, the decision of whether or not to invest in the IPO is a personal one. Investors should carefully consider all of the factors involved before making a decision.
Here are some of the factors that investors should consider when evaluating the R R Kabel Limited IPO:
- The company’s financial performance: The company has been growing its revenue and profits steadily in recent years. In the financial year 2022-23, the company’s revenue was ₹3,033 crore and its profit was ₹283 crore.
- The company’s growth prospects: The company is well-positioned to benefit from the growing demand for wires and cables in India. The Indian wires and cables market is expected to grow at a CAGR of 10% in the next few years.
- The overall market conditions: The IPO market is currently volatile. Investors should carefully consider the overall market conditions before investing in the IPO.
R R Kable Limited IPO Form
There are various ways you can apply for the IPO, but most popular and easy way to apply for this IPO is through the ASBA method. Here is the link through which you can download the ASBA forms for filling R R Kabel IPO.
The forms can be downloaded from the BSE and NSE website as well. Just fill in the form and submit the same. You will then get the UPI mandate request for payment blocking. You need to approve the request for blocking the fund for this IPO.
R R Kable GMP Today
To check the latest GMP price of the R R Kable, please check this page on IPO GMP.
RR Kabel IPO Registrar
Link Intime India Private Ltd
Email: rkabel.ipo@linkintime.co.in
Website: www.linkintime.com
Check R R Kabel Allotment Status
Here is the link to check R R Kabel IPO Allotment status.
Company Address
RR Kabel Limited
Alembic Business Park (West), Ground Floor,
Bhailal Amin Marg, Gorwa, Vadodara 390 003,
Gujarat, India
Phone: +91 22 24949009
Email: investorrelations.rrkl@rrglobal.com
Website: www.rrkabel.com
RR Kabel IPO FAQs
R R Kabel aims to gather approximately ₹180 crores through this IPO. This sum includes a fresh issue of ₹180 crores via 17236808 shares, each valued at ₹5.
The R R Kabel IPO open date is 13th September 2023 for QIB, HNI and retail investors.
The investor portion for R R Kabel is as below.
– 50% for QIB
– 15% for HNI
– 35% for Retail investors (RII)
To apply for R R Kabel IPO, you can download the IPO forms from BSE and NSE websites. Apply through ASBA for this IPO.
To apply for the R R Kabel IPO through Zerodha, follow these steps:
Open a Zerodha Demat Account: If you don’t have an account with Zerodha, you’ll need to open a Demat account and a trading account with them. This can be done online by visiting the Zerodha website.
Complete the KYC Process: Ensure your Know Your Customer (KYC) details are complete and up to date. This typically involves providing identity and address proofs, as required by regulatory authorities.
Funding Your Trading Account: Ensure that you have sufficient funds in your Zerodha trading account to apply for the IPO. You will need to transfer the required amount to your trading account if it’s not already funded.
Monitor IPO Details: Keep an eye on Zerodha’s website or trading platform for information about the Samhi Hotels IPO, including the IPO issue price, opening date, and closing date.
Place Your IPO Order: When the IPO is open for subscription, log in to your Zerodha trading account. Navigate to the IPO section, where you will find the Samhi Hotels IPO listed.
Fill in IPO Application: Select the Samhi Hotels IPO and fill in the necessary details like the number of shares you want to apply for and the price at which you want to bid. Make sure you read and understand the IPO prospectus and any other relevant documents before making your bid.
Payment Method: You can use UPI (Unified Payments Interface) as the payment method to apply for the IPO. Make sure your UPI ID is linked to your bank account.
Submit Application: Review your IPO application carefully and submit it. You may receive an OTP (One-Time Password) for verification during the application process. Enter the OTP to confirm your application.
Confirmation: After successfully applying for the IPO, you will receive an order confirmation with the details of your application. Keep this confirmation for your records.
Allotment and Listing: Once the IPO subscription period ends, and if your application is successful, you will be allotted the shares. Zerodha will inform you about the allotment status. After allotment, the shares will be credited to your Demat account.
Remember that the process may vary slightly depending on any updates or changes made by Zerodha or regulatory authorities. It’s crucial to stay informed about the IPO’s specific details and follow the instructions provided by Zerodha during the application process.
To apply for the R R Kabel IPO through Upstox, follow these steps:
Open an Upstox Demat Account: If you don’t have an account with Upstox, you need to open a Demat account and a trading account with them. This can be done online by visiting the Upstox website.
Complete the KYC Process: Ensure your Know Your Customer (KYC) details are complete and up to date. This typically involves providing identity and address proofs, as required by regulatory authorities.
Funding Your Trading Account: Make sure you have sufficient funds in your Upstox trading account to apply for the IPO. You will need to transfer the required amount to your trading account if it’s not already funded.
Monitor IPO Details: Keep an eye on Upstox’s website or trading platform for information about the Samhi Hotels IPO, including the IPO issue price, opening date, and closing date.
Place Your IPO Order: When the IPO is open for subscription, log in to your Upstox trading account. Navigate to the IPO section, where you will find the Samhi Hotels IPO listed.
Fill in IPO Application: Select the Samhi Hotels IPO and fill in the necessary details, such as the number of shares you want to apply for and the price at which you want to bid. Be sure to read and understand the IPO prospectus and any other relevant documents before making your bid.
Payment Method: You can use UPI (Unified Payments Interface) as the payment method to apply for the IPO through Upstox. Ensure your UPI ID is linked to your bank account.
Submit Application: Review your IPO application carefully and submit it. You may receive an OTP (One-Time Password) for verification during the application process. Enter the OTP to confirm your application.
Confirmation: After successfully applying for the IPO, you will receive an order confirmation with the details of your application. Keep this confirmation for your records.
Allotment and Listing: Once the IPO subscription period ends, and if your application is successful, you will be allotted the shares. Upstox will inform you about the allotment status. After allotment, the shares will be credited to your Demat account.
Remember that the process may vary slightly depending on any updates or changes made by Upstox or regulatory authorities. It’s essential to stay informed about the IPO’s specific details and follow the instructions provided by Upstox during the application process.