Established in 1995, R R Kabel Limited is a leading provider of consumer electrical solutions serving residential, commercial, industrial, and infrastructure sectors. The company operates in two core business segments:
- Wires and Cables: This division encompasses a comprehensive range of electrical products, including house wires, industrial wires, power cables, and specialized cables.
- FMEG (Fast-Moving Electrical Goods): R R Kabel offers a diverse array of FMEG products, encompassing fans, lighting solutions, switches, and appliances.
Operating under the ‘RR Kabel’ brand, the company is engaged in the manufacturing, marketing, and sale of wires and cable products. Moreover, it markets fans and lighting fixtures under the ‘Luminous Fans and Lights’ brand.
In 2020, R R Kabel strategically expanded its product portfolio through acquisitions. The company acquired Arraystorm Lighting Private Limited, gaining access to the LED lights and related hardware business (LED Lights Business), including trademarks and design certificates. This expansion enabled R R Kabel to cater to office, industrial, and warehouse spaces. In 2022, the company bolstered its FMEG portfolio by acquiring the home electrical business (HEB) of Luminous Power Technologies Private Limited. This acquisition granted R R Kabel a limited and exclusive license to use the Luminous Fans and Lights brand for fan and light products for an initial four-year period, with the option for further renewal. It also included rights to use 61 registered trademarks and a portfolio of lights and premium fans.
R R Kabel serves a diverse clientele, spanning both domestic and international markets. In the last three months ending June 30, 2023, the wires and cables segment accounted for 71% of its revenue from operations, while the FMEG segment contributed 97% of the revenue from operations, primarily through the B2C channel.
IPO Details #
R R Kabel IPO is a Book Built Issue. The IPO total issue size is Rs 1,964.01 Cr. The R R Kabel IPO price is ₹983 to ₹1035 per share. The IPO will list on BSE, NSE.
| IPO Date | September 13, 2023 to September 15, 2023 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹983 to ₹1035 per share |
| Lot Size | 14 Shares |
| Total Issue Size | 18,975,938 shares (aggregating up to ₹1,964.01 Cr) |
| Fresh Issue | 1,739,130 shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 17,236,808 shares of ₹5 (aggregating up to ₹1,784.01 Cr) |
| Employee Discount | Rs 98 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 95,696,296 |
| Share holding post issue | 97,435,426 |
R R Kabel IPO Reservation #
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
R R Kabel IPO Timetable (Tentative) #
R R Kabel IPO opens on September 13, 2023, and closes on September 15, 2023.
| IPO Open Date | Wednesday, September 13, 2023 |
| IPO Close Date | Friday, September 15, 2023 |
| 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 15, 2023 |
R R Kabel IPO Lot Size #
The minimum lot size of this R R Kabel IPO is 14 shares required is ₹14,490.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,490 |
| Retail (Max) | 13 | 182 | ₹188,370 |
| S-HNI (Min) | 14 | 196 | ₹202,860 |
| S-HNI (Max) | 69 | 966 | ₹999,810 |
| B-HNI (Min) | 70 | 980 | ₹1,014,300 |
| Lot Size Calculator | |||
R R Kabel IPO Promoter Holding #
Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Mahendrakumar Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, Tribhuvanprasad Kabra HUF, Kabra Shreegopal Rameshwarlal HUF and Mahendra Kumar Kabra HUF are the promoters of the company.
| Pre Issue Share Holding | 66.42% |
| Post Issue Share Holding | 62.77% |
Company Financials #
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,545.36 | 1,715.11 | 2,050.64 | 2,633.62 |
| Revenue | 2,505.54 | 2,745.94 | 4,432.22 | 5,633.64 |
| Profit After Tax | 122.40 | 135.40 | 213.94 | 189.87 |
| Net Worth | 875.07 | 1,033.38 | 1,237.05 | 1,390.47 |
| Reserves and Surplus | 459.23 | 594.93 | 781.31 | 914.15 |
| Total Borrowing | 395.29 | 498.71 | 521.11 | 515.84 |
Key Performance Indicator #
R R Kabel IPO Market Cap is Rs 11675.63 Cr and P/E (x) is 39.26.
| KPI | Values |
|---|---|
| P/E (x) | 39.26 |
| Market Cap (₹ Cr.) | 11675.63 |
| ROE | 14.22% |
| ROCE | 15.57% |
| Debt/Equity | 0.36 |
| EPS (Rs) | 17.09 |
| RoNW | 13.66% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Prospectus #
- › R R Kabel IPO DRHP
- › R R Kabel IPO RHP
Company Contact Information #
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 #
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) #
- Axis Capital Limited (Past IPO Performance)
- Citigroup Global Markets India Private Limited (Past IPO Performance)
- HSBC Securities & Capital Markets Pvt Ltd (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
FAQs #
What are the key business segments of R R Kabel Limited? #
R R Kabel operates in two core business segments: Wires and Cables, which includes a wide range of electrical products, and FMEG (Fast-Moving Electrical Goods), offering products such as fans, lighting solutions, switches, and appliances.
What acquisitions has R R Kabel made to expand its product portfolio? #
In 2020, R R Kabel acquired Arraystorm Lighting Private Limited, gaining access to the LED lights and related hardware business. In 2022, the company acquired the home electrical business (HEB) of Luminous Power Technologies Private Limited, including rights to use the Luminous Fans and Lights brand for fan and light products.
What is the IPO price range and total issue size of R R Kabel’s IPO? #
R R Kabel’s IPO price range is ₹983 to ₹1035 per share, with a total issue size of ₹1,964.01 Crores.
How can investors participate in R R Kabel’s IPO? #
Investors can participate in the IPO by applying for shares within the specified lot size, which is 14 shares. The minimum application for retail investors is 1 lot (14 shares).
What are the major uses of the proceeds from the IPO? #
The company intends to utilize the net proceeds from the IPO to repay or prepay borrowings from banks and financial institutions and for general corporate purposes.
When is the IPO subscription period for R R Kabel, and when will it be listed on the stock exchanges? #
The IPO subscription period for R R Kabel is from September 13, 2023, to September 15, 2023. The listing date is expected to be on September 26, 2023, subject to finalization.
Please note that these FAQs are based on the provided information, and investors should refer to the official IPO prospectus and announcements for the most up-to-date details.
