R R Kabel IPO Details
Issue Date
--
Price Range
₹1035
Lot Size
14
IPO Size
₹1965.14 Cr
R R Kabel IPO Listing Details
Listing On
20 Sep'23
Issue Price
--
Listed Price
₹ 1180
Retail Gain/Listing Gain
▲14.01%
Schedule of R R Kabel IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
20/09/2023
Company Background
R R Kabel Ltd. is one of the leading companies in the Indian consumer electrical industry (comprising wires and cables and fast-moving electrical goods (FMEG), with an operating history of over 20 years in India. The Indian consumer electrical industry was estimated at ₹1,811.50 billion in Fiscal 2023 and is expected to grow at a CAGR of 10% until Fiscal 2027 to reach a market value of approximately ₹2,665.00 billion. (Source: Technopak Report).
The company is also the fifth largest player in the wires and cables market in India, representing approximately 5% market share by value, and also holds one of the largest networks of electricians, covering 271,264 electricians across India as of 31st March 2023.
In Fiscal 2023, the company’s revenue contribution from the FMEG segment is approximately 11%, which is the highest among their competitors. This has continued to remain the highest at 11% even in the three months ended June 30, 2023.
Additionally, the company has one of the highest numbers of distributors servicing the extensive retail footprint in the consumer electrical industry as of 31st March 2023, and has increased their retailer outlets by from 30,570 in Fiscal 2021 to 106,626 in Fiscal 2023, pursuant to undertaking several initiatives.
Risk Factors
- The cost of raw materials used in manufacturing is subject to volatility.
- Any shortages, delays or disruptions in the supply of raw materials may adversely affect operations.
- Any disruption, breakdown or shutdown of their manufacturing facilities may adversely affect operations.
Key Strategies
Here are a few strategies R R Kabel Limited has for its business:
- Expand distribution and establish a leadership position for the wires and cables segment in India.
- Enhance the company’s geographical footprint of the wires and cables segment.
- Capitalise on the market opportunity in the wires and cables segment.
Key Financials
And finally here’s a look at key financials of R R Kabel Limited...
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