Upcoming IPO - R R Kabel Limited

About Company’s Business:

They are among the leading companies in the Indian consumer electrical industry, encompassing wires, cables, and fast-moving electrical goods. With a history of operations spanning over two decades in India, they have emerged as the fastest-growing consumer electrical company within their industry peers in the country. According to the Technopak Report, their compounded annual growth rate between Fiscal 2021 and Fiscal 2023 stands at an impressive 43.4%. Their product portfolio spans across two main segments: the first includes wires and cables, such as house wires, industrial wires, power cables, and special cables, while the second comprises fast-moving electrical goods like fans, lighting, switches, and appliances.

About the Industry:

India ranks as the world’s third-largest electricity producer and the second-largest electricity consumer, according to the Technopak Report. The consumer electrical industry, encompassing wires, cables, and fast-moving electrical goods, holds significant importance within the Indian economy. It contributes to roughly 8% of the country’s manufacturing production, approximately 1.5% of India’s GDP, and about 1.5% of India’s exports, as per the Technopak Report. In Fiscal 2023, the consumer electrical industry, comprising wires, cables, and fast-moving electrical goods, was estimated to be worth approximately ₹1,811,500 million. The Technopak Report anticipates a compounded annual growth rate of approximately 10% in this industry until Fiscal 2027, projecting a market value of around ₹2,665,000 million.

Key Financial Information:

Metrics June 30, 2023 June 30, 2022 March 31, 2023 March 31, 2022 March 31, 2021
Equity Share Capital ($) 478.48 239.24 478.48 239.24 239.24
Net Worth (1)* ($) 14,946.87 12,502.46 13,904.74 12,370.47 10,333.75
Total Income ($) 16,135.98 12,433.00 56,336.40 44,322.18 27,459.36
Profit for the Year/Period ($) 743.48 181.42 1,898.72 2,139.37 1,353.98
Basic Earnings per Equity Share (in ₹) 6.69 1.63 17.09 19.26 12.19
Diluted Earnings per Equity Share (in ₹) 6.68 1.63 17.07 19.22 12.18
Net Asset Value per Equity Share (in ₹)(2)* 134.57 112.56 125.19 111.38 93.04
Total Borrowings (as per Restated Consolidated Statement of Assets and Liabilities) ($) 4,037.65 5,029.92 5,158.41 5,211.11 4,987.13

Note: All ₹ in million, unless otherwise stated

Objective of the Issue:

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

For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.

Important information regarding the IPO
Open Date Wednesday, September 13, 2023
Close Date Friday, September 15, 2023
Issue Size ₹1,964.01 crores
Price ₹983 to ₹1035 per share
Lot Size 14 Shares
Basis of Allotment Thursday, September 21, 2023
Initiation of Refunds Friday, September 22, 2023
Credit of Shares to Demat Monday, September 25, 2023
Listing Date Tuesday, September 26, 2023

Note: The dates are tentative.

How to apply for this IPO?

You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.

Quick Apply for the IPO here!

Do let us know your thoughts on this IPO.

2 Likes

Update:

In the Public Issue of R R Kabel Limited, the Anchor Investors (AIs) have shown strong interest by subscribing to 56,58,201 equity shares today at a price of Rs. 1,035 per share. You can find detailed information on this development in the Company’s official Announcement here.

Update:

RR Kabel Limited will be listed on the exchanges today.

Please allow pre-opening session. The session has already started and only 19 mins are left.

Thank you

@amish You can place order, check. Do share your number on DM, ill get in touch with you.

Yes now it worked.

When I posted previous message, it took me to CDSL pin page etc and order was accepted too but then order was not showing on orders page. (even after refreshing 2-3 times)

So I placed order second time. And second time order started showing in orders page.

I have no idea what happened to first order which was also accepted. (but did not appear on orders page). I can not cancel it, because it is not showing anywhere.

Anywya, lets see if my second sell order fulfills.

@amish You can connect with our CS team and they would be able to share the order logs. Also for seamless experience, would recommend you to opt for DDPI.