R R Kabel was incorporated on February 6, 1995, as Ram Ratna Agro-Plast. The company is engaged in the consumer electrical industry (comprising wires and cables and fast-moving electrical goods), with an operating history of over 20 years in India.
| Bidding Dates |
|---|
| 13 Sep 2023 - 15 Sep 2023 |
| Subscription |
|---|
| 18.69x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,490 | 1 | 13 | 14 | 19.0 M | ₹983 - ₹1035 | 83.18 % | ₹18653.3 M - ₹19640.1 M | RHP DOC |
R R Kabel IPO SUBSCRIPTION STATUS
15 Sep '23R R Kabel IPO overall subscription rate was 18.69 times the total available shares
R R Kabel IPO retail subscription rate was 2.13 times in the retail segment
R R Kabel IPO non-institutional investor subscription rate was 13.23 times in the non-institutional investor category
R R Kabel IPO Qualified Institutional Bidder subscription rate was 52.26 times the available shares for Qualified Institutional Bidder
R R Kabel IPO Employees subscription rate was 2.69 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
15 Sep 2023 (Day 3) | 2.13x | 13.23x | 52.26x | 2.69x |
14 Sep 2023 (Day 2) | 0.95x | 2.1x | 1.65x | 1.52x |
13 Sep 2023 (Day 1) | 0.36x | 0.29x | 0x | 0.58x |
R R Kabel FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q1FY24 | 743.5 | 15,973.1 | 777.3 | 525.1 |
| Q1FY23 | 181.4 | 12,359.1 | 1,476.6 | 1,254.4 |
| FY23 | 1,898.7 | 55,992.0 | 4,537.5 | 3,459.3 |
| FY22 | 2,139.4 | 43,859.4 | 981.7 | 346.6 |
| FY21 | 1,354.0 | 27,239.4 | -710.6 | -1,175.1 |
R R Kabel IPO SUBSCRIPTION STATUS DETAILS
R R Kabel had 19.0 M shares on offer
R R Kabel IPO offer price was in the range ₹983 - ₹1035
R R Kabel IPO minimum Investment was ₹14490
R R Kabel IPO issue size was ₹ 18653.3 M - ₹ 19640.1 M
R R Kabel had a minimum lot size of 14 Shares per application
R R Kabel NUMBER OF SHARES ON OFFER
R R Kabel IPO IMPORTANT DATES
| Issue Open Date | 13 Sep 2023 |
| Issue close Date | 15 Sep 2023 |
| Allotment Date | 18 Sep 2023 |
| Refund Date | 20 Sep 2023 |
| Demat Account Credit Date | 20 Sep 2023 |
| Listing Date | 20 Sep 2023 |
| Listing on Exchange(s) | NSE and BSE |
| R R Kabel Allotment Status | Exchange |
R R Kabel IPO subscription opened on 13 Sep 2023, and closed on 15 Sep 2023
IPO allotment for R R Kabel was finalized on Monday, 18 Sep 2023
IPO listing for R R Kabel was on NSE and BSE on Wednesday, 20 Sep 2023
R R Kabel IPO LISTING GAINS
| Issue Price (adjusted) | 1035.0 |
| Listing Open Price | 1180.0 |
| Listing Close Price | 1198.0 |
| Listing Gain% | 14.0% |
| Current Gain% | 166.6% |
R R Kabel Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R R Kabel Ltd. | 2759.5 | 31129.4 | 51.4 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Polycab India Ltd. | 9218 | 138893.7 | 48.5 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5600 | 53536.3 | 53.7 | 1.6 | 4.3 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| Finolex Cables Ltd. | 1024.6 | 15670.9 | 22 | 11.9 | 2.5 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 46.7 | 1.8 |
| Universal Cables Ltd. | 1411.2 | 4896.2 | 24.4 | 0.3 | 1.5 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
| V-Marc India Ltd. | 316 | 4630.2 | 46.3 | 34.6 | 9.8 | 1800.5 | 100.1 | 6.8 |
R R Kabel INFORMATION ON IPO ISSUE
About R R Kabel
R R Kabel was incorporated on February 6, 1995, as Ram Ratna Agro-Plast. The company is engaged in the consumer electrical industry (comprising wires and cables and fast-moving electrical goods), with an operating history of over 20 years in India.
Object of the Issue
- 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 - PROMOTERS
| Name |
|---|
| Tribhuvanprasad Rameshwarlal Kabra |
| Shreegopal Rameshwarlal Kabra |
| Mahendrakumar Rameshwarlal Kabra |
| Kirtidevi Shreegopal Kabra |
| Tribhuvanprasad Kabra HUF |
| Kabra Shreegopal Rameshwarlal HUF |
| Mahendra Kumar Kabra HUF |
R R Kabel Book Running Lead Manager
Axis Capital Limited
rrkabel.ipo@axiscap.in
Citigroup Global Markets India Private Limited
rrkabel.ipo@citi.com
JM Financial Limited
rrkabel.ipo@jmfl.com
R R Kabel 52/60, Mahatma Gandhi Road, Fort Mumbai -400 001Maharashtra, India
HSBC Securities and Capital Markets (India) Private Limited
rrkabelipo@hsbc.co.in
R R Kabel Registrar to the Offer
Link Intime India Private Limited
rkabel.ipo@linkintime.co.in
R R Kabel Strengths
Diverse suite of products
The company offers a wide range of products backed by extensive research and development. These products have received global certifications and accreditations, highlighting the company's commitment to quality and innovation
Extensive distribution network
The company boasts a robust distribution network throughout India, encompassing 3,205 distributors, 3,341 dealers, and 97,248 retailers as of December 31, 2022
Well-positioned for growth
In Fiscal 2023, the total domestic market for the FMEG industry was estimated at Rs 10.6 crore, and it is expected to grow at a CAGR of 8% by FY27. The company is well-positioned to capture a significant share of this growth due to its omnichannel presence, extensive distribution network, and diverse product portfolio
R R Kabel Risks
Negative cash flows
The company has had negative cash flows in prior periods and sustained negative cash flows in the future may adversely affect the business
Inorganic growth opportunities
The company has pursued acquisitions in the past to expand its FMEG business. However, integrating acquired businesses and brands can present challenges and incur significant costs, which may have an impact on the company's operations
Competitive pressures
The company faces significant competitive pressures in the business. Its inability to compete effectively would be detrimental to the business and prospects for future growth
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,784.0 crore, of 17,236,808 shares. It also consists of a fresh issue of Rs 180.0 crore.
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.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 983.0 - 1035.0.
The IPO application opens on Sep 13, 2023 and closes on Sep 15, 2023.
The minimum lot size for the IPO is 14. The maximum lot size for the IPO is 182.
For all category investors, the minimum application amount for this IPO is Rs. 14,490.0, the maximum value for this IPO is Rs 188,370.0.
This IPO will be allotted on Sep 18, 2023.
The refund will be credited to your account on Sep 20, 2023.
The allotted shares will be credited to your demat on Sep 20, 2023.
R R Kabel Ltd.’s shares listed on the stock exchanges on Sep 20, 2023.