08-Sep-2023
2 mins read
Global private equity firm TPG-backed R R Kabel is coming with an IPO to raise Rs 1,964 crore at the upper price band. R R Kabel Limited specialises in providing electrical products used for residential, commercial, industrial, and infrastructure purposes. The IPO includes a fresh issue of equity shares worth Rs 180 crore and an offer for sale of 1,72,36,808 equity shares worth Rs 1,784 crore, at the upper price band, by the promoters and investors. The IPO is scheduled to commence its subscription period on September 13 and will conclude on September 15. Additionally, there will be a one-day opening for the anchor book on September 12. The tentative listing date would be September 26.
R R Kabel Limited Company Profile
Established in 1995, R R Kabel Limited specialises in offering consumer electrical products suitable for various applications, including residential, commercial, industrial, and infrastructure uses.
R R Kabel operates within two main business segments:
- Wires and Cables: This segment encompasses a wide range of products, such as house wires, industrial wires, power cables, and specialized cables.
- FMEG (Fast Moving Electrical Goods): This category includes items like fans, lighting solutions, switches, and various electrical appliances.
The company is engaged in the manufacturing, marketing, and distribution of wires and cable products sold under the ‘RR Kabel brand. Additionally, it offers fans and lighting fixtures under the ‘Luminous Fans and Lights’ brand.
Financials of R R Kabel Limited
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| 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 | 122.4 | 135.4 | 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 |
Important Dates of R R Kabel Limited
| IPO Date | September 13, 2023 to September 15, 2023 |
| Listing Date | Tuesday, September 26, 2023 |
| Face Value | Rs 5 per share |
| Price | Rs 983 to Rs 1035 per share |
| Lot Size | 14 Shares |
| Total Issue Size | 18,975,938 shares (aggregating up to Rs 1,964.01 Cr) |
| Fresh Issue | 1,739,130 shares (aggregating up to Rs 180.00 Cr) |
| Offer for Sale | 17,236,808 shares of Rs 5 (aggregating up to Rs 1,784.01 Cr) |
| Employee Discount | Rs 98 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre-issue | 95,696,296 |
| Shareholding post issue | 97,435,426 |
Objectives of the R R Kabel Limited IPO
The company plans to allocate the net proceeds from the offering for the following purposes:
- Repayment or Prepayment of Borrowings: The funds will be used to fully or partially repay borrowings obtained by the company from banks and financial institutions.
- General Corporate Purposes: The remaining funds will be utilised for general corporate needs and operational requirements.
Promoters of the R R Kabel Limited
The promoters of the company are Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Mahendrakumar Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, Tribhuvanprasad Kabra HUF, Kabra Shreegopal Rameshwarlal HUF, and Mahendra Kumar Kabra HUF.
Lead Managers of the R R Kabel Limited IPO
The lead managers of the R R Kabel Limited IPO are Axis Capital Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, and JM Financial Limited.
How to Apply for R R Kabel Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for R R Kabel Limited with Bigul: https://ipo.bonanzaonline.com/.
FAQ’s of R R Kabel Limited IPO-
Q1: What is R R Kabel Limited’s business focus?
R R Kabel Limited specialises in electrical products for various applications, including residential, commercial, industrial, and infrastructure uses.
Q2: What is the purpose of R R Kabel Limited’s IPO?
The IPO aims to raise funds for repaying borrowings and general corporate purposes.
Q3: When is the IPO subscription period?
The subscription period is from September 13 to September 15, 2023.
Q4: What is the IPO price range?
The price range is Rs 983 to Rs 1035 per share.
Q5: What is the lot size for the IPO?
The lot size is 14 shares.
Q6: What is the total issue size of the IPO?
The total issue size is 18,975,938 shares, totalling Rs 1,964.01 Crores.
Q7: When is the listing date?
The tentative listing date is September 26, 2023.
Q8: Who are the lead managers?
The lead managers are Axis Capital Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, and JM Financial Limited.