{"id":3788,"date":"2023-09-12T13:03:02","date_gmt":"2023-09-12T07:33:02","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=3788"},"modified":"2024-08-26T13:06:09","modified_gmt":"2024-08-26T07:36:09","slug":"ipo-r-r-kabel-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-r-r-kabel-limited\/","title":{"rendered":"IPO : R R Kabel Limited"},"content":{"rendered":"

R R Kabel Limited IPO<\/h1>\n

Incorporated in 1995, R R Kabel Limited provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.<\/p>\n

\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nRRKABEL<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nSeptember 13, 2023 (Wednesday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nSeptember 15, 2023 (Friday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\nRs.983 To Rs.1035 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.1,964.01 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.5 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

R R Kabel has two broad segments:<\/p>\n

    \n
  1. Wires and cables including house wires, industrial wires, power cables, and special cables; and<\/li>\n
  2. FMEG including fans, lighting, switches, and appliances.<\/li>\n<\/ol>\n

    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.<\/p>\n

    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.<\/p>\n\n\n\n\n\n\n\n\n\n
    \u00a0MINIMUM BID<\/strong><\/td>\n14 shares<\/strong><\/td>\n<\/tr>\n
    \u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.14,490<\/strong><\/td>\n<\/tr>\n
    \u00a0MAXIMUM BID<\/strong><\/td>\n182 shares<\/strong><\/td>\n<\/tr>\n
    \u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,88,370<\/strong><\/td>\n<\/tr>\n
    \u00a0PROMOTER HOLDING<\/strong><\/td>\n62.77 % (Post-issue)<\/strong><\/td>\n<\/tr>\n
    \u00a0LISTING DATE<\/strong><\/td>\nSeptember 26,2023 (Tuesday)<\/strong><\/td>\n<\/tr>\n
    \u00a0LISTING AT<\/strong><\/td>\nNSE-BSE<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    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.<\/p>\n

    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.<\/p>\n

    \n

    Objects of the Issue<\/h2>\n

    The company intends to utilize the net proceeds from the issue towards the funding of the following objects:<\/p>\n

      \n
    1. Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions.<\/li>\n
    2. General corporate purposes.<\/li>\n<\/ol>\n<\/div>\n
      \n