R R Kabel IPO: Important Key Points
Basic information about the company: R R Kabel Limited, established in 1995, is a company that specializes in providing consumer electrical products for various purposes, including residential, commercial, industrial, and infrastructure applications. The company operates in two main segments: Wires and Cables: This segment encompasses a range of products such as house wires, industrial wires, power cables, and special cables.
FMEG (Fast Moving Electrical Goods): This segment includes products like fans, lighting, switches, and appliances.
R R Kabel has manufacturing units located in Waghodia, Gujarat, Silvassa, Dadra and Nagar Haveli, and Daman and Diu, primarily dedicated to the production of wires cables and switches. Additionally, the company owns and operates three integrated manufacturing facilities in Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, which are focused on manufacturing FMEG products. Promoter Holding: The promoters of R R Kabel Limited are Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Mahendrakumar Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, Tribhuvanprasad Kabra HUF, Kabra Shreegopal Rameshwarlal HUF, and Mahendra Kumar Kabra HUF. Before the IPO, the promoter holding stands at 66.42%, and after the IPO, it will be reduced to 62.77%. Objects of the Issue: The company aims to utilize the net proceeds from the IPO for the following purposes:
Repayment or Prepayment of Borrowings: The funds raised will be used to repay or prepay, either fully or partially, the borrowings obtained from banks and financial institutions.
General Corporate Purposes: The remaining funds will be allocated for general corporate purposes.
R R Kabel IPO Details: For investors interested in participating in the IPO, the IPO details are as follows:
IPO Dates: 13th to 15th September
Price Band: ₹983 to ₹1035 per share
Lot Size: 14 Shares
Total Issue Size: ₹1,964 Crores
Retail Quota: 35%
Date of Allotment: September 21st or 22nd
Listing Date: September 26th
GMP: +10% (only for information)
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Frequently Asked Questions (FAQs)
1. How can I apply for the R R Kabel IPO?
A: You can apply for the IPO through your preferred stockbroker or an online trading platform during the IPO dates.
2. What is the minimum lot size for this IPO?
A: The minimum lot size for the R R Kabel IPO is 14 shares.
3. When will the share allotment take place?
A: Share allotment is scheduled for September 21st/22nd, 2023.
4. Is there a Grey Market Premium (GMP) for this IPO?
A: Yes, as of September 13th, the Grey Market Premium (GMP) for the R R Kabel IPO stands at +10%. DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice 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. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.