About R R Kabel Limited IPO
Incorporated in 1995, R R Kabel is one of India’s leading FMEG (fast moving electrical goods) companies in India. Its product portfolio comprises wires and cables, and FMEG products like fans, lighting, switches and appliances. Company sells its wires and cable products under the ‘RR Kabel’ brand.
It has an extensive pan-India distribution network of 3,450 distributors, 3,656 dealers and 1,14,851 retailers as of 30 June 2023. Further, the company has 21 warehouses spread across 17 states and union territories in India. Its manufacturing facilities are located in Gujarat, Dadra and Nagar Haveli, Daman and Diu, Uttarakhand, Karnataka and Himachal Pradesh.
Through these manufacturing facilities, company can meet 100% requirements for wires and cables and 37% of the requirements for FMEG products — the balance requirement for FMEG products purchased through third parties.
Between FY21 and FY23, the company exported its products to 63 countries and witnessed a CAGR growth of 47% in revenue from outside India. During the same time, its total revenue from operations grew at a CAGR of 27%. It also maintained an EBITDA margin of 6% in FY23.
The Indian consumer electrical industry could grow at a CAGR of 10% until FY27 to reach a market value of approximately ₹2,665 billion, which could benefit the company.
And now, R R Kabel Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to repay borrowings and general corporate purposes. Its shares will be listed on the NSE and the BSE.
Here are key details about the R R Kabel IPO:
A quick look at R R Kabel Limited IPO’s strengths, risks and threats
Risks and threats
R R Kabel Limited IPO details
| R R Kabel Limited IPO date
According to the offer document filed by the company with the SEBI, the R R Kabel IPO’s opening date – in other words, the R R Kabel IPO launch date – will be 13th September 2023. The R R Kabel IPO closing date is 15th September 2023. After this, investors will be updated about the allotment status on 21st September 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 25th September 2023. The R R Kabel IPO listing date is 26th September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| R R Kabel Limited IPO price band
The IPO is an offer for sale as well as a fresh issue. The R R Kabel IPO price band has been set between ₹983 and ₹1,035 per share. Interested investors can choose a price within this band to apply for the IPO.
The R R Kabel IPO listing price will be determined on 26th September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| R R Kabel Limited IPO lot size
The R R Kabel IPO details have been declared. The R R Kabel IPO lot size is set at 14 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the R R Kabel IPO issue size is approx ₹1,964 crore.
How to pre-apply for the R R Kabel Limited IPO?
You can pre-apply for the R R Kabel Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the R R Kabel Limited IPO?
If you are interested in this investment opportunity but unsure how to apply for the R R Kabel Limited IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the R R Kabel Limited IPO on Upstox:
How to check the R R Kabel Limited IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the R R Kabel Limited IPO allotment status:
Open a demat account with Upstox to apply for the R R Kabel Limited IPO
To apply for the R R Kabel Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the R R Kabel Limited IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the R R Kabel Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the R R Kabel IPO means applying for this public issue before it goes live. Click here to pre-apply for the R R Kabel IPO on Upstox.
You can pre-apply for the R R Kabel IPO from 11th September 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the R R Kabel IPO opens for the subscription.
The R R Kabel IPO launch date is 13th September 2023. The R R Kabel IPO will be open for subscription till 15th September 2023.
The R R Kabel lot size is 14 shares and the minimum investment required is ₹13,762.
The R R Kabel IPO price band is ₹983 – ₹1,035 per share.
The size of the R R Kabel IPO is approx. ₹1,963 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 25th September 2023.
R R Kabel shares will be on NSE and BSE.
R R Kabel shares’ listing date is 26th September 2023.