What you must know about RR Kabel IPO
by 5paisa Research Team
08 Sep 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 20-Sep-23
- IPO Price Range ₹983
- Listing Price ₹1179
- Listing Change 13.9 %
- Last Traded Price ₹1702.65
- Current Change 64.5 %
R R Kabel IPO Details
- Open Date 13-Sep-23
- Close Date 15-Sep-23
- Lot Size 14
- IPO Size ₹ 1,964.01 Cr
- IPO Price Range ₹ 983 to ₹ 1035
- Min Investment ₹ 13,762
- Listing Exchange BSE, NSE
- Basis of Allotment 21-Sep-23
- Refunds 22-Sep-23
- Credit to Demat Account 25-Sep-23
- Listing Date 26-Sep-23
R R Kabel IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Sep-23 | 0.00 | 0.29 | 0.37 | 0.25 |
| 14-Sep-23 | 1.65 | 2.10 | 0.95 | 1.40 |
| 15-Sep-23 | 52.26 | 13.23 | 2.13 | 18.69 |
R R Kabel IPO Synopsis
R R Kabel IPO is all set to open from 13th September to 15th September 2023. The company produces consumer electrical products that are used for comprehensive purposes such as residential, industrial, commercial, and infrastructure purposes. The IPO includes a fresh issue of 1,739,131 equity shares worth ₹180.00 cr and an Offer For Sale (OFS) of 17,236,808 equity shares worth ₹1,784.01 cr. The total issue size is ₹1,964.01 cr. The share allotment date is 21st September, and the IPO will be listed on 26th September on the stock exchanges. The price band is ₹983 to ₹1035 per share and the lot size is 14 shares.
Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Citigroup Global Markets India Private Limited, and JM Financial Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of R R Kabel IPO:
● Prepay or repay full/part of the debt obtained from banks and financial institutions.
● Fund general corporate purposes.
R R Kabel IPO Video:
About R R Kabel
Established in 1995, R R Kabel produces consumer electrical products that are used for comprehensive purposes such as residential, industrial, commercial, and infrastructure purposes. The company operates in two main segments: i) wires and cables, which include house wires, industrial wires, power cables, and special cables ii) FMEG (Fast-Moving Electrical Goods), which includes fans, lighting, switches, and appliances. RR Kabel caters to a diverse clientele, spanning both domestic and international markets.
The company manufactures and markets and sells wire and cable products under the 'RR Kabel' brand, while fans and lights fall under the 'Luminous Fans and Lights' brand.
Manufacturing activities for wires, cables, and switches are done in the company’s two manufacturing units situated in Waghodia, Gujarat, and Silvassa, Dadra and Nagar Haveli, and Daman and Diu. Apart from that RR Kabel operates three integrated manufacturing facilities in Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, specifically geared towards producing FMEG products.
Peer Comparison
● Havells India Limited
● KEI Industries Limited
● Polycab India Limited
● Finolex Cables Limited
● Crompton Greaves Consumer Electricals Limited
● V-Guard Industries Limited
● Bajaj Electricals Limited
For More Information:
Webstory on R R Kabel IPO
R R Kabel IPO GMP
R R Kabel Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 5599.20 | 4385.93 | 2723.93 |
| EBITDA | 357.70 | 353.72 | 253.24 |
| PAT | 189.87 | 213.93 | 135.39 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 2633.62 | 2050.64 | 1715.11 |
| Share Capital | 47.84 | 23.92 | 23.92 |
| Total Borrowings | 1213.92 | 800.34 | 668.48 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 453.74 | 98.17 | -71.05 |
| Net cash from / (used in) investing activities | -333.49 | -62.65 | -5.88 |
| Net cash flow from / (used in) financing activities | -101.51 | -31.61 | 74.12 |
| Net increase (decrease) in cash and cash equivalents | 18.73 | 3.90 | -2.81 |
R R Kabel IPO Key Points
-
Strengths
1. The company has over 20 years of track record and a scaled B2C business in the large and growing wires and cables industry.
2. PAN-India and global presence.
3. It is the fastest-growing consumer electrical company amongst its peers in India, growing at a CAGR of 43.4% between FY2021 and FY2023.
4. Technologically advanced and integrated precision manufacturing facilities.
5. It is well-positioned for growth in the FMEG segment.
6. Experienced management team.
-
Risks
1. Negative cash flows in the past.
2. Higher working capital requirements.
3. Volatility in raw material prices can impact the company’s operations.
4. The overseas market is dependent on a few distributors and significant changes to the business arrangements with these distributors may impact R R Kabel’s financials.
5. Exposed to risks arising from credit terms extended to its customers.
6. Prone to forex market fluctuations.
7. Unsecured loans from banks and other financial institutions, which may be recalled on demand.
R R Kabel
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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R R Kabel IPO FAQs
What is the minimum lot size and investment required for the R R Kabel IPO?
The minimum lot size of R R Kabel IPO is 14 shares and the investment required is ₹13,762.
What is the price band of the R R Kabel IPO?
₹983 to ₹1035.
When does the R R Kabel IPO open and close?
R R Kabel is open from 13th September to 15th September 2023.
What is the size of the R Kabel IPO?
The total size of R R Kabel IPO is ₹1,964.01 cr.
What is the allotment date of the R R Kabel IPO?
The share allotment date of R R Kabel IPO is the 21st September.
What is the R R Kabel IPO listing date?
The R R Kabel IPO will be listed on the 26th of September.
Who are the book runners for the R R Kabel IPO?
Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Citigroup Global Markets India Private Limited, and JM Financial Limited are the book-running lead managers for R R Kabel IPO.
What is the objective of the R R Kabel IPO?
R R Kabel plans to utilize the raised capital from IPO to:
1. Prepay or repay full/part of the debt obtained from banks and financial institutions.
2. Fund general corporate purposes.
How to apply for the R R Kabel IPO?
To apply for R R Kabel IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the R R Kabel IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of R R Kabel IPO
Contact Information
R R Kabel Limited
Ram Ratna House, Victoria Mill Compound,
Pandurang Budhkar Marg, Worli,
Mumbai 400 013
Phone: +91 22 2494 9009
Email: investorrelations.rrkl @rrglobal.com
Website: https://www.rrkabel.com/
R R Kabel IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rkabel.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
R R Kabel IPO Lead Manager
Axis Capital Limited
Citigroup Global Markets India Private Limited
HSBC Securities & Capital Markets Pvt. Ltd
JM Financial Limited
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