R R Kabel Limited provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.
R R Kabel sell products across two broad segments:
- Wires and cables including house wires, industrial wires, power cables, and special cables; and
- FMEG including fans, lighting, switches, and appliances.
The company undertakes the manufacturing, marketing, and sale of wires and cable products under our ‘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.
R R Kabel’s clientele comes from both the domestic market and international markets.
R R Kabel IPO – Details
| IPO Opening Date | 13 September 2023 |
| IPO Closing Date | 15 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,89,75,938 Shares Worth ₹1964.01 Crore Fresh Issue: 17,39,130 Shares Worth ₹180.00 Crore Offer for Sale: 1,72,36,808 Shares Worth ₹1784.01 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹983 – ₹1035 |
| Market Lot | 14 Shares |
| Min Order | 14 Shares |
| Employee Discount: | ₹98 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
R R Kabel IPO – Date Schedule
| IPO Open Date | 13 September 2023 |
| IPO Close Date | 15 September 2023 |
| Basis of Allotment Date | 18 September 2023 |
| Initiation of Refunds | 19 September 2023 |
| Credit of Shares to Demat Account | 20 September 2023 |
| IPO Listing Date | 21 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 15 September 2023 |
R R Kabel IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | 14,490 |
| Retail (Max) | 13 | 182 | 1,88,370 |
| S-HNI (Min) | 14 | 196 | 2,02,860 |
| S-HNI (Max) | 69 | 966 | 9,99,810 |
| B-HNI (Min) | 70 | 980 | 10,14,300 |
Competitive Strengths
- Scaled B2C business in the large and growing wires and cables industry;
- Diverse suite of products driven by the focused research and development efforts with global certifications and accreditations;
- Extensive domestic and global distribution network;
- Well recognized consumer brands; and
- Technologically advanced and integrated precision manufacturing facilities.
Company Promoters
- Tribhuvanprasad Rameshwarlal Kabra
- Shreegopal Rameshwarlal Kabra
- Mahendrakumar Rameshwarlal Kabra
- Kirtidevi Shreegopal Kabra
- Tribhuvanprasad Kabra HUF
- Kabra Shreegopal Rameshwarlal HUF
- Mahendra Kumar Kabra HUF
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 2745.93 | 2565.60 | 135.39 | 498.71 |
| 31 March 2022 | 4432.21 | 4152.05 | 213.93 | 521.11 |
| 31 March 2023 | 5633.64 | 5378.59 | 189.87 | 515.84 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 11675.63 |
| ROE | 14.22 |
| ROCE | 15.57 |
| Debt/Equity | 0.36 |
| EPS (Rs) | 17.09 |
| RoNW | 13.66 |
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 IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Havells India Limited | 79.49 |
| 2 | 10 | Polycab India Limited | 62.57 |
| 3 | 2 | KEI Industries Limited | 49.72 |
| 4 | 2 | Finolex Cables Limited | 34.52 |
| 5 | 1 | V-Guard Industries Limited | 72.37 |
| 6 | 2 | Crompton Greaves Consumer Electricals Limited | 41.81 |
| 7 | 2 | Bajaj Electricals Limited | 62.50 |
R R Kabel IPO Promoter Holding
| Pre Issue Share Holding | 66.42% |
| Post Issue Share Holding | 62.77% |
R R Kabel IPO Prospectus
Company Contact Information
| R R Kabel Limited Ram Ratna House, Victoria Mill Compound, Pandurang Budhkar Marg, Worli, Mumbai 400 013 Phone: +91 22 2494 9009 Email: investorrelations.rrkl @rrglobal.com Website: https://www.rrkabel.com/ |
R R Kabel IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: rkabel.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
R R Kabel IPO Lead Manager(s)
| 1. Axis Capital Limited 2. Citigroup Global Markets India Private Limited 3. HSBC Securities & Capital Markets Pvt Ltd 4. JM Financial Limited |
R R Kabel IPO FAQs
| What is R R Kabel IPO? R R Kabel IPO is a main-board IPO. The issue is priced at ₹983 to ₹1035 per equity share. The IPO is to be listed on BSE & NSE. |
| When R R Kabel IPO will open? The IPO is to open on 13 September 2023 for QIB, NII, and Retail Investors. |
| What is R R Kabel IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the R R Kabel IPO? You can apply R R Kabel IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the R R Kabel IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “R R Kabel”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the R R Kabel IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “R R Kabel”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the R R Kabel IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “R R Kabel”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the R R Kabel IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “R R Kabel”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is R R Kabel IPO Size? R R Kabel IPO size is ₹1964.01 Crore. |
| What is R R Kabel IPO Price Band? R R Kabel IPO Price Band is ₹983 to ₹1035. |
| What is R R Kabel IPO Minimum and Maximum Lot Size? The minimum bid is 14 Shares with ₹14,490 amount while the maximum bid is 182 shares with ₹1,88,370. |
| What is the R R Kabel IPO Allotment Date? R R Kabel IPO allotment date is 18 September 2023. |
| What is the R R Kabel IPO Listing Date? R R Kabel IPO listing date is 21 September 2023. The IPO is to list on BSE and NSE. |
