R R Kabel IPO Subscription Status

R R Kabel IPO subscription status started on September 12, 2023 and will close on September 14, 2023. R R Kabel IPO to raise around ₹180 crores via IPO. The retail quota is 35% and QIB 50% and HNI is 15%. The price band is fixed at ₹983 to ₹1035 per equity share.

R R Kabel IPO Subscription Status

R R Kabel IPO Investor Categories

• Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
• Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc.
• Retail Individual Investors (RII): Retail Individual Investors or NRIs
• Employee (EMP): Eligible Employees
• Others: Eligible Shareholders

R R Kabel IPO Review

RR Kabel is a leading player in the Indian consumer electrical industry comprising wires, cables, and fast-moving electrical goods (FMEG). The company was founded in 1985 and is headquartered in Roorkee, Uttarakhand.

The RR Kabel IPO is a fresh issue of 12,500,000 equity shares of face value ₹10 each. The issue is priced at a band of ₹983-₹1035 per share. The total proceeds from the IPO are estimated to be ₹168,750,000.

The company’s financial performance has been on an upward trajectory in recent years. In FY21, the company’s revenue was ₹2,745.94 crores and its net profit was ₹135.40 crores. In FY22, the company’s revenue grew to ₹4432.22 crores and its net profit grew to ₹213.94 crores. In FY23, the company’s revenue is expected to be around ₹5633.64 crores.

The company’s growth is being driven by the increasing demand for electrical goods in the country. The company is also expanding its product portfolio and geographical reach, which is expected to contribute to its future growth.

The RR Kabel IPO is open for subscription from September 13 to 15, 2023. The shares are expected to be listed on the NSE and BSE on September 21, 2023.

The issue is being managed by ICICI Securities, Axis Capital, and HDFC Bank.

Here are some of the pros and cons of the RR Kabel IPO:

Pros:

• The company has a strong track record of financial performance.
• The electrical goods market is growing rapidly.
• The company is expanding its product portfolio and geographical reach.

Cons:

• The issue is priced at a premium to its peers.
• The company is facing increasing competition from domestic and international players.

Overall, the RR Kabel IPO is a good option for investors who are looking to invest in the electrical goods sector. However, investors should carefully consider the risks before making a decision.

Here are some of the factors that investors should consider before investing in the RR Kabel IPO:

• The company’s financial performance: The company has a strong track record of financial performance, with revenue and net profit growing steadily in recent years.
• The electrical goods market: The electrical goods market is growing rapidly, and the company is well-positioned to capitalize on this growth.
• The issue pricing: The issue is priced at a premium to its peers, which could be a concern for investors.
• The company’s competition: The company is facing increasing competition from domestic and international players.
• The company’s management team: The company has a strong management team with a proven track record.

Investors should carefully consider all of these factors before making a decision about whether or not to invest in the RR Kabel IPO.

Here are some additional things to keep in mind:

• The grey market premium for the RR Kabel IPO is around ₹20 per share. This means that investors are willing to pay ₹20 more for the shares than the issue price.
• The IPO is being subscribed well. On the first day of subscription, the issue was subscribed 1.5 times.
• The shares are expected to list at a premium on the NSE and BSE.

Overall, the RR Kabel IPO is a good option for investors who are looking to invest in the electrical goods sector. However, investors should carefully consider the risks before making a decision.

R R Kabel IPO Subscription Status FAQs