R R KABEL LIMITED
₹ 983 - ₹ 1035
13-Sep-2023 - 15-Sep-2023
₹ 14490.00

/ 14 Shares

R R KABEL LIMITED

13-Sep-2023 - 15-Sep-2023

₹ 983 - ₹ 1035

Price Band

₹ 14490.00

Minimum Investment

14

Bid Lot

18,860,677

Shares

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 180 Cr + Offer for Sale of upto 17,236,808 Equity Shares

Category % Shares/Amount
QIB 50% 9,430,338 Shares Rs.976.04 Cr
HNI 1 5% 943,034 Shares Rs. 97.60 Cr @ 4811 Form 1x
HNI 2 10% 1,886,068 Shares Rs. 195.21 Cr @ 9623 Form 1x
Retail 35% 6,601,237 Shares Rs. 683.23 Cr @ 471517 Form 1x
Employee 0% 115,261 Shares Rs. 10.80 Cr

Axis Capital, Citigroup Global, HSBC Securities, JM Financial

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
471517 Form 1x 4811 Form 1x 9623 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 14 ₹ 14,490
Retail (Upto 2 Lakh) 13 182 ₹ 188,370
S-HNI (2 Lakh to 10 Lakh) 14 196 ₹ 202,860
S-HNI (2 Lakh to 10 Lakh) 69 966 ₹ 999,810
B-HNI (Above 10 Lakh) 70 980 ₹ 1,014,300

IPO Timeline

  • Open Date

    13-Sep-2023

  • Close Date

    15-Sep-2023

  • Basis of Allotment Date

    21-Sep-2023

  • Initiation of Refunds

    22-Sep-2023

  • Credit Shares to Demat A/c

    25-Sep-2023

  • IPO Listing Date

    26-Sep-2023

Subscription as on
15-Sep-2023 18:26

Category Book Size Subscription No. of Times
QIB 3,772,136 ₹ 390.42 Cr. 197,119,622 ₹ 20401.88 Cr. 52.26x
HNI (<10 LAKH) 943,034 ₹ 97.60 Cr. 7,853,930 ₹ 812.88 Cr. 8.33x
HNI2 (>10 LAKH) 1,886,068 ₹ 195.21 Cr. 29,576,764 ₹ 3061.20 Cr. 15.68x
RETAIL 6,601,237 ₹ 683.23 Cr. 14,038,192 ₹ 1452.95 Cr. 2.13x
Total 13,202,475 248,588,508 18.83x
Category Book Size Subscription No. of Times
QIB 3,772,136 ₹ 390.42 Cr. 197,119,622 ₹ 20401.88 Cr. 52.26x
HNI (<10 LAKH) 943,034 ₹ 97.60 Cr. 7,853,930 ₹ 812.88 Cr. 8.33x
HNI2 (>10 LAKH) 1,886,068 ₹ 195.21 Cr. 29,576,764 ₹ 3061.20 Cr. 15.68x
RETAIL 6,601,237 ₹ 683.23 Cr. 14,038,192 ₹ 1452.95 Cr. 2.13x
Total 13,202,475 248,588,508 18.83x

*Excluding Anchor

Total No. of Application Approx : ~833578 (1.77 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • R R Kabel Limited (“RR Kabel”) was incorporated on February 6, 1995. RR Kabel is one of the leading companies in the Indian consumer electrical industry (comprising wires and cables and fast-moving electrical goods (“FMEG”)), with an operating history of over 20 years in India. The Indian consumer electrical industry was estimated at ?1,811.50 billion in Fiscal 2023 and is expected to grow at a compounded annual growth rate (“CAGR”) of 10% until Fiscal 2027 to reach a market value of approximately ?2,665 billion. 
  • RR Kabel is the fastest growing consumer electrical company among their peers in India, growing at a CAGR of 43.4% between Fiscal 2021 and Fiscal 2023, 
  • RR Kabel is the 5th largest player in the wires and cables market in India, representing approximately 5% market share by value as of March 31, 2023, 
  • RR Kabel is the 5th largest player in branded wires and cables market in India, representing approximately 7% market share by value as of March 31, 2023, as compared to approximately 5% market share by value as of March 31, 2015, 
  • RR Kabel has the highest revenue contribution from the business-to-consumer (“B2C”) sales channel in wires and cables with approximately 74% of revenue coming from the B2C sales channel as of March 31, 2023, 
  • In calendar year 2022, they were the largest exporter of wires and cables from India, in terms of value, representing approximately 9% market share of the exports market from India, 
  • RR Kabel has one of the largest networks of electricians, covering 271,264 electricians across India, as of March 31, 2023, 
  • Their revenue contribution from the FMEG segment, which is approximately 11% in Fiscal 2023, which is highest among the peers. It remains the highest at 11% among the peers even in the 3 months ended June30, 2023, 
  • RR Kabel has one of the highest number of distributors servicing the extensive retail footprint in consumer electrical industry as on March 31, 2023, and have increased their retailer outlets by 3.5 times from 30,570 in Fiscal 2021 to 106,626 in Fiscal 2023, pursuant to undertaking several initiatives, 
  • Their products have 35 international product certifications, which is one of the highest in number among their peers.
Read More

Strengths

Competitive Strength 

  • Scaled B2C business in the large and growing wires and cables industry;
  • Diverse suite of products driven by the focused research and development efforts with global certifications and accreditations;
  • Extensive domestic and global distribution network;
  • Well recognized consumer brands;
  • Technologically advanced and integrated precision manufacturing facilities;
  • Well-positioned for growth in FMEG segment;
  • Experienced and committed professional management team.

Business Strategies 

  • Expand distribution and establish leadership position for the wires and cables segment in India;
  • Enhance the geographical footprint of the wires and cables segment;
  • Capitalize on the market opportunity in wires and cables segment, including through innovation and product development to expand the product portfolio;
  • Grow and expand FMEG segment organically and inorganically;
  • Enhance productivity and operational efficiencies;
  • Enhancing the environmental initiatives.

Company Promoters

Tribhuvanprasad Rameshwarlal Kabra is the Promoter and Executive Chairman of the company. Shreegopal Rameshwarlal Kabra is the Promoter and Managing Director of the company. Mahendrakumar Rameshwarlal Kabra is the Promoter and Joint Managing Director of the company. Mitesh Daga is the Non-Executive Nominee Director of the company. Bhagwat Singh Babel is an Independent Director of the company. Ramesh Chandak is an Independent Director of the company. Vipul Sabharwal is an Independent Dire

Company Financials

R R Kabel IPO Financial Information (Restated Consolidated)
Period Ended 31 Mar 2020 31 Mar 2021 31 Mar 2022 31 Mar 2023
Assets 1,545.36 1,715.11 2,050.64 2,633.62
Revenue 2,505.54 2,745.94 4,432.22 5,633.64
Profit After Tax 122.40 135.40 213.94 189.87
Net Worth 875.07 1,033.38 1,237.05 1,390.47
Reserves and Surplus 459.23 594.93 781.31 914.15
Total Borrowing 395.29 498.71 521.11 515.84

Amount in ? Crore

Objects of the Issue

  1. Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions.
  2. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
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