R R Kabel Limited IPO

Price
₹983 - ₹1035
Lot
14
Subs.
18.69
Expected Listing Earning

Exp. Premium(GMP):
144.90(14.00%)
IPO Details

Open Date: 13-Sep-2023
Close Date: 15-Sep-2023
Allotment Date: 18-Sep-2023
Listing Date: 20-Sep-2023
Listing Price: ₹1629.7/-
Face Value: ₹5 Per Equity Share
Issue Price: ₹983-1035 Per Equity Share
Issue Size: Total Issue Size 18,975,939 shares (aggregating up to ₹1,964.01 Cr) : Fresh Issue 1,739,131 shares (aggregating up to ₹180.00 Cr) : Offer for Sale 17,236,808 shares of ₹5 (aggregating up to ₹1,784.01 Cr)
Market Lot (Min Amount): Retail - ₹14,490 : S-HNI - ₹202,860 : B-HNI - ₹1,014,300
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Emp

Total

Shares Offered/Reserved3,772,1372,829,1026,601,237115,26113,317,737
Day 1 - 13-09-23 
05:00 PM
0.00x0.29x0.37x0.59x0.25x
Day 2 - 14-09-23 
05:00 PM
1.65x2.10x0.96x1.53x1.40x
Day 3 - 15-09-23 
05:00 PM
52.26x13.23x2.13x2.69x18.69x
Total No. of Application:8,62,035 (Approx.)
Retail Subscription on the basis of Apps:1.83x
Valuations

Earning Per Share(EPS)17.09/-
P/E Ratio39.26
RoNW13.66%
Net Asset Value (NAV) - Post Issue:₹134.57/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20232,633.625,633.64189.87
31 Mar,20222,050.644,432.22213.94
31 Mar,20211,715.112,745.94135.40
Promoter(s)

Pre Issue Share Holding66.42%
Post Issue Share Holding62.77%
Company Promoter(s)
1. Tribhuvanprasad Rameshwarlal Kabra
2. Shreegopal Rameshwarlal Kabra
3. Mahendrakumar Rameshwarlal Kabra
4. Kirtidevi Shreegopal Kabra
5. Tribhuvanprasad Rameshwarlal Kabra HUF
6. Kabra Shreegopal Rameshwarlal HUF
7. Mahendra Kumar Kabra HUF
Issue Objective(s)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions.
  2. General corporate purposes.
About Company

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:

  1. Wires and cables including house wires, industrial wires, power cables, and special cables; and
  2. 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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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