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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹1964.02 Cr |
| Fresh Issue | ₹181.03 Cr |
| Offer for Sale | ₹1783.00 Cr |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹983.00-1035.00 per share |
| Discount | Retail: 0.00,Employee: 98.00 |
| BSE Code | 543981 |
| NSE Code | RRKABEL |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 14 shares and in multiples thereof
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:
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions; and | 136.00 |
| 2 | General corporate purposes | 34.24 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 2,633.62 | 2,050.64 | 1,715.11 | 1,545.36 |
| Total Income | 5,633.64 | 4,432.22 | 2,745.94 | 2,505.54 |
| Profit After Tax | 189.87 | 213.94 | 135.40 | 122.40 |
| NET Worth | 1,390.47 | 1,237.05 | 1,033.38 | 875.07 |
| Reserves and Surplus | 914.15 | 781.31 | 594.93 | 459.23 |
| Total Borrowing | 515.84 | 521.11 | 498.71 | 395.29 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 14.22% |
| ROCE | 15.57% |
| Debt / Equity | 0.36% |
| RoNW | 13.66% |
| PAT Margin | 3.37% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 17.09 | |
| P/E (x) | 39.26 | |
| Promoter Holding | 66.37% | 62.71% |
| Market Cap | ₹11675.63 Cr. | |
