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R R Kabel Limited IPO : Company Info.

R R Kabel Limited IPO is set to launch on 13 September, 2023. The company initiated its business operations in the year 1995. It provides various kinds of electrical products for residential, industrial, commercial and infrastructure purposes. It has 2 major products to offer. The first one is wires and cables that include industrial wires, house wires, social cables and power cables. The other product is FMEG line of products like Lightning, fans, appliances and switches. Its products are sold under the brand name RR Kabel and another band is Luminous lights and fans. It has 2 manufacturing facilities out of which one is located in Gujarat and another one in Silvassa. Other integrated manufacturing facilities are in Uttarakhand, Roorkee, Karnataka, Bengaluru, Himachal Pradesh etc.

R R Kabel Limited IPO DETAILS

R R Kabel Limited IPO is set to launch on 13 September, 2023. The subscription timeline extends till 15 September, 2023. The size for the IPO is 1964.01 Crore Rs. Shares issued through fresh issue mode are worth 180 Crore Rs. Shares issued through offer for sale mode are worth Rs 1784.01 Crore. The lot size is 14 shares and the price is 983 to 1035 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.5 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of R R Kabel Limited IPO

IPO OPENING DATE	13 September, 2023
CLOSING DATE FOR IPO	15 September, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	5 Rs. per share
IPO price band	983 Rs. to 1035 Rs. per share
LOT SIZE	14 shares
MINIMUM ORDER QUANTITY	14 shares
ISSUE SIZE	1964.01 Crore Rs.
OFFER FOR SALE	1784.01 Crore Rs.
FRESH ISSUE	180 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	26 September, 2023

R R Kabel Limited IPO : IMPORTANT DATES

IPO OPENING DATE	13 September, 2023
CLOSING DATE FOR IPO	15 September, 2023
IPO ALLOTMENT DATE	21 September, 2023
REFUNDS	22 September, 2023
DEMAT A/C CREDITED ON	25 September, 2023
IPO LISTING DATE	26 September, 2023

R R Kabel Limited IPO begins for subscription from 13 September 2023. The IPO subscription would continue till 15 September, 2023. The allotment status for the shareholders who applied would come on 21 September, 2023. The refunds for the ones who did not get allotment would be initiated on 22 September, 2023. The DEMAT accounts of shareholders would be credited on 25 September, 2023. The listing of the company would be completed on 26 September, 2023.

R R Kabel Limited IPO : Lead Managers

The lead managers are :

CitiGroup Global Markets India Private Limited
Axis Capital Limited
JM Financial Limited
HSBC Securities and Capital Markets Private Limited

The minimum lot size for the company is decided at 14 shares. This holding accounts to 14490 Rs.. The maximum lot size is decided at 182 shares. This amounts to 188370 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	14 shares	14490 Rs.
Maximum	182 shares	188370 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	1715	2050	2633
Revenue	2745	4432	5633
PAT	135	213	189

R R Kabel Limited had an asset base of 1715 Crore Rs in 2021 which increased to 2050 Crore Rs in 2022 and 2633 Crore Rs in 2023. The revenue of the firm was 275 Crore Rs in 2021 which increased to 4432 Crore Rs in 2022 and 5633 Crore Rs in 2023. The profit of the firm was 135 Crore Rs in 2021, 213 Crore Rs in 2022 and 189 Crore Rs in 2023.

PROS

It has 2 major products to offer. The first one is wires and cables that include industrial wires, house wires, social cables and power cables.
The other product is FMEG line of products like Lightning, fans, appliances and switches.
Its products are sold under the brand name RR Kabel and another band is Luminous lights and fans.
It has 2 manufacturing facilities out of which one is located in Gujarat and another one in Silvassa. Other integrated manufacturing facilities are in Uttarakhand, Roorkee, Karnataka, Bengaluru, Himachal Pradesh etc.

CONS

The company works in a highly competitive segment.

R R Kabel Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the R R Kabel Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in