RR Kabel IPO date

RR Kabel IPO Date:- RR Kabel shares defied the market decline and maintained their small gains from the first day of trading. The company saw lower profit booking after going public, but by the end of the session, it was firmly above its trading price. It anticipates reducing losses in the coming years by shifting to premium markets. To reduce losses at FMEG, the company improved its brand awareness, positioning and production capabilities,” he continued, launching coverage on the stock with a “buy” rating and a target price of Rs. 1,407, valuing it at 35 times FY25 earnings.

The National Stock Exchange (NSE) saw the stock launch at Rs 1,180, up 14% from its initial offer price of Rs 1,035. Similarly, the stock started its first trading session at a higher price of Rs 1,179 on BSE. But RR Kabel increased its profits by a further 2% to Rs 1,204, bringing total profits to more than 16% above the issue price. The stock, however, had declined about 4% to Rs 1,137.60. The first Indian company to be listed on the stock exchanges in “T+2” format was RR Kabel.

However, brokerage firms and analysts have different views on the stock. Several analysts remain optimistic about the company in the long term, citing its growth potential and increasing market share. Others, citing aggressive values, advise investors to book profit after respectable gains in the stock.

Given its strong brand and diverse product range, well-organized capacity development plans, expanding dealer and distribution networks and distribution-driven export business, according to Praveen Sahay, Research Analyst at Prabhudas Lilladher, RR Kabel is a bet on several prospects in the W&C category. According to him, the company’s FMEG portfolio has expanded inorganically.

RR Kabel IPO Date Overview

RR Kabel IPO Subscription Details

Date	QIB	INI	Retail	Total
Day 113 of September 2023	0.00	0.29	0.37	0.25
Day 214 of September 2023	1.65	2.10	0.96	1.40

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RR Kabel IPO Subscription Active Status

Investor Category	Subscription (times)
Buyers from qualified institutions	1.65
Non-institutional buyers	2.10
Retail investors	0.96
Employees	1.53
Total	1.40

About RR Kabel Ltd.

RR Kabel Limited stocks consumer electrical products for use in infrastructure, commercial, residential and industrial environments. It is a pioneering company with roots in India that has made substantial strides in the wire and cable industry. The company has been a pioneer in new technologies and has set standards for the sector. With a clear emphasis on quality and customer satisfaction, RR Kabel Limited has become an industry leader.

The introduction of LS0H (Low Smoke Halogen Free) insulation technology into RR Kabel Limited’s wire and cable products is one of the company’s most notable achievements. RR Kabel Limited also included Unilay Core Technology in its product line. This technique improves the safety aspects of your wires and cables by providing heat resistance and flame retardant qualities.

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RR Kabel Limited IPO details

RR Kabel Limited IPO Date

The initial public offering of RR Kabel Limited will begin on September 13, 2023 and will end on September 15, 2023. On September 26, 2023, the initial public offering of RR Kabel Limited will be launched in the BSE and NSE markets.

RR Kabel Limited IPO Price Band

RR Kabel is an all-new edition with retail offering of Rs 1,873 to Rs 1,963 crore. The issue has a number of shares of 18,975,938 and is priced between $983 and $1,035 per share.

RR Kabel Limited IPO Lot Size

Retail investors must submit applications for a minimum of 1 lot, or 14,490, for the initial public offering of RR Kabel Limited, which has a lot size of 14 shares.

RR Kabel Limited IPO Objectives

The objectives of the RR Kabel Limited IPO are listed below:

For full or partial repayment of loans obtained by the company from banks and other financial organizations.
To fulfill general corporate purposes.

Pair details

Among the few similar companies registered in India operating in the same industry are Havells India Limited, Polycab India Limited and KEI Industries Limited.

How to check the status of RR Kabel limited allocation?

Steps to check IPO allotment status on Angel One app:

Log in to the Angel One app
Go to the IPO section and then IPO Orders
Check the allotment status for the specific IPO you applied for by selecting it. Angel One will communicate the allotment status of your IPO to you via email and push notification.

To apply for RR Kabel Limited IPO, open a demat account with Angel One.

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RR Kabel Limited IPO Contact Details

Registered Office: Ram Ratna House, Victoria Mill Compound, Pandurang Budhkar Marg, Worli, Mumbai 400 013, Maharashtra, India.
Telephone: +91 22 2494 9009
Email:[email protected]

Company finances

Detailed report	Period ending 31 March 2023 (£ in millions)	Period ending 31 March 2022 (£ in millions)	Period ending 31 March 2021 (£ in millions)
Total revenue	56,336.40	44,322.18	27,459.36
Profit after tax (PAT)	1,898.72	2,139.37	1,353.98
Net worth	13,904.74	12,370.47	10,333.75
Earnings per share (in ₹)	17.09	19.26	12.19
Total loans	5,158.41	5,211.11	4,987.13

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Strengths

From 27,459.36 million on March 31, 2021 to 56,336.40 million on March 31, 2023, the company’s total revenue increased by more than 100%. The company’s profit after tax grew from 1,353.98 million on March 31, 2021 to 1,898.72 million on March 31, 2023, a growth of around 40%. In India, RR Kabel Limited is known as a trustworthy brand. The company has been in operation for over 30 years and serves a diverse group of clients, including government organizations, independent businesses and private citizens.

Risks

Due to external influences, the prices of raw materials that RR Kabel uses in its production process are volatile. The company, financial condition, operating results and cash flows may be affected as a result of increases or volatility in commodity prices. The company’s operations and financial position could be seriously harmed if it is unable to maintain a stable distribution network in all of its markets. their distribution channels and recruit new distributors, dealers and retailers. The wire and cable industry is crucial for the corporation. Any negative aspect of this industry could affect the functioning of the company.

Conclusion

The IPO of RR Kabel has created quite a stir in the investment community. The initial public offering of RR Kabel, one of India’s leading wire and cable manufacturers, is generating a lot of interest among investors. With a strong track record of delivering high-quality products and a commitment to innovation, RR Kabel has positioned itself as a trusted brand in the industry. The IPO offers investors the opportunity to be part of the company’s growth story and capitalize on the potential for future expansion. As more and more people recognize the importance of reliable cabling solutions, RR Kabel is well positioned to benefit from the growing demand in the residential and commercial sectors. With its strong financials and strong market position, RR Kabel IPO presents an attractive investment opportunity for those looking to diversify their portfolio and take advantage of the growing infrastructure sector in India.

RR Kabel IPO Date FAQ

What is the issue price of RailTel ipo?

RailTel IPO is a primary IPO of 87,153,369 equity shares with face value of ₹10 aggregating up to ₹819.24 crore. The issue is priced at ₹93 to ₹94 per share. The minimum order quantity is 155 shares. The IPO opens on February 16, 2021 and closes on February 18, 2021.

What is the IPO date?

An initial offering date is a date established during the underwriting process on which a security is first made available to the public. An initial public offering (IPO) is when a private corporation issues new shares or securities to public investors.

What is the GRAY price at IPO?

An IPO gray market premium (IPO GMP) is the difference between the price at which shares of an Initial Public Offering (IPO) trade in the gray market and the issue price set by the company.