R R Kabel Limited IPO Detail
Incorporated in 1995, R R Kabel Limited provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.
R R Kabel has two broad segments:
- Wires and cables including house wires, industrial wires, power cables, and special cables; and
- FMEG including fans, lighting, switches, and appliances.
The company undertakes the manufacturing, marketing, and sale of wires and cable products under 'RR Kabel' brand, and fans and lights under the 'Luminous Fans and Lights' brand.
In 2020, R R Kabel acquired Arraystorm Lighting Private Limited and obtained light emitting diode (LED) lights and related hardware business (LED Lights Business) along with its trademarks and design certificates, to expand their portfolio to cover office, industrial, and warehouse spaces. In 2022, the company acquired the home electrical business (HEB) of Luminous Power Technologies Private Limited, and obtained a limited and exclusive license to use the Luminous Fans and Lights brand for fan and light products for a maximum period of four years with a one-time option to further renew the license for a period of three months and, that includes a right to use 61 registered trademarks, and a portfolio of lights and premium fans, to strengthen our FMEG portfolio.
The company has two manufacturing units located at Waghodia, Gujarat, and Silvassa, Dadra and Nagar Haveli, and Daman and Diu which primarily carry out manufacturing operations of wire and cables and switches. Apart from that, it owns and operates three integrated manufacturing facilities which are located at Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, which carry out manufacturing operations in respect of FMEG products.
R R Kabel's clientele comes from both the domestic market and international markets. In the last three months ending June 30, 2023, 71% of its revenue from operations came from the wires and cables segment; and 97% of the revenue from operations came from the FMEG segment, from the B2C channel.
Company Promoters
Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Mahendrakumar Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, Tribhuvanprasad Kabra HUF, Kabra Shreegopal Rameshwarlal HUF and Mahendra Kumar Kabra HUFIPO Details
| IPO Opening Date | Sep 13, 2023 |
| IPO Closing Date | Sep 15, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹983 - 1035 per equity share |
| Market Lot | 14 Shares |
| Min Order Quantity | 14 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,964.01 Cr |
| Fresh Issue | ₹180.00 Cr |
| Offer for Sale | ₹1,784.01 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.03x | 0.09x | 0.05x |
| Day 2 | 52.26x | - | - | 13.22x | 2.09x | 18.67x |
IPO Tentative Timetable
The R R Kabel Limited IPO open date is Sep 13, 2023, and the close date is Sep 15, 2023. The issue may list on Sep 26, 2023.
| IPO Open Date | Sep 13, 2023 |
| IPO Close Date | Sep 15, 2023 |
| Basis of Allotment Date | Sep 18, 2023 |
| Initiation of Refunds | Sep 22, 2023 |
| Credit of Shares to Demat Account | Sep 25, 2023 |
| IPO Listing Date | Sep 26, 2023 |
IPO Lot Size
The R R Kabel Limited IPO market lot size is 14 shares. A retail-individual investor can apply for up to 13 lots (182 shares or ₹188370).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 14 | ₹14490 |
| Maximum | 13 | 182 | ₹188370 |
IPO Promoter Holding
| Pre Issue Share Holding | 66.42% |
| Post Issue Share Holding | 62.77% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1715.11 | 2745.94 | 135.40 |
| 31-Mar-22 | 2050.64 | 4432.22 | 213.94 |
| 31-Mar-23 | 2633.62 | 5633.64 | 5633.64 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions.
- General corporate purposes.
R R Kabel Limited IPO Registrar:
Link Intime India Private Ltd
R R Kabel Limited IPO Lead Manager(s):
Axis Capital Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Jm Financial Limited
Company Contact Information:
R R Kabel Limited
Ram Ratna House, Victoria Mill Compound,
Pandurang Budhkar Marg, Worli,
Mumbai 400 013
