-- / 14 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
1035
Lot Size
14
IPO Size
₹ 1965.14 Cr
IPO Listing Details
Listing On
20 Sep'23
Issue Price
--
Listed Price
₹ 1180
Retail Gain/Listing Gain
▲14.01%
IPO Timeline
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...
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 59s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
R R Kabel Ltd IPO FAQs
When is R R Kabel Ltd IPO listing date?
R R Kabel Ltd will list on 2023-09-20.
What is the issue size of R R Kabel Ltd IPO?
1965.14 is the issue size of R R Kabel Ltd IPO.
What is the price band of the R R Kabel Ltd IPO?
The price band of R R Kabel Ltd IPO is ₹1035 to ₹0.
What is R R Kabel Limited IPO?
The R R Kabel Limited IPO has an issue size of Rs. 1,963 crores. The IPO opens for subscription on 13th September and closes on 15th September 2023.
Who is the Registrar of R R Kabel Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about R R Kabel Limited business?
You may read more about R R Kabel Limited and its IPO from the company’s red herring prospectus (RHP) here: R R Kabel Limited RHP.
