Check details about RR Kabel IPO GMP today, issue size, review, valuation and share price in this article. Various details about RR Kabel IPO GMP Today, issue size, review, valuation, share price and other important details are included in this article.
RR Kabel IPO GMP today
RR Kabel Limited has recently announced its initial public offering. RR Kabel was established in 1995 and produces a wide variety of consumer electrical products, including wires, cables, switches, home appliances, super flexible cables, commercial lighting, etc. While developing its products, RR Kabel focuses on quality, affordability and safety.
Tata Technologies planned IPO date
IKIO Lighting IPO GMP today
Energy comparison between India and China
Yatharth Hospital IPO GMP today
Jupiter Life Line Hospitals Limited IPO GMP today
RR Kabel’s initial public offering will open on September 13. However, RR Kabel shares can be traded on the gray market before the opening of the IPO. The GMP of RR Kabel today is INR 40. As the opening date of RR Kabel IPO gets closer, the GMP of RR Kabel IPO will change. More detailed information about RR Kabel IPO GMP will be updated soon.
RR Kabel IPO GMP
| Name of the company | RR Kabel Limited |
| Country | India |
| IPO date | September 13 – September 15 |
| Nominal value | 5 INR/share |
| Share price | 983 INR – 1035 INR |
| Total issue size | INR 1,964.01 crore |
| New number | 180 million rupees |
| Offer for sale | INR 1,784.01 crore |
| Type of problem | constructed book |
| List | BSE, EEN |
| Lot Size | 14 actions |
| Website | rrkabel.com |
RR Kabel IPO issue size
The total amount of the RR Kabel issue is 18,975,938 shares. The company has revealed that the offer for sale is 17,236,808 shares worth Rs 5. The fresh issue of RR Kabel contains 1,739,130 shares aggregating up to Rs 180 crore.
RR Kabel plans to use the net proceeds from the IPO for repayment/prepayment of loans from various financial institutions and banks. Additionally, the net proceeds from the RR Kabel IPO will be used for general corporate purposes.
RR Kabel IPO Review
RR Kabel is one of India’s leading companies manufacturing consumer electrical products used for commercial, residential, infrastructure and industrial uses. The total assets of RR Kabel were revealed to be approximately INR 2,633.62 crore (as of end March 31, 2023). These assets amounted to approximately INR 2,050.64 crore as at the end of March 31, 2022.
The total net worth of RR Kabel as at the end of March 31, 2023 was reported to be INR 1,390.47 crore, and the amount of reserves and surpluses of RR Kabel is approximately INR 914.15 crore. Thanks to its good performance, RR Kabel shows a line of constant growth. Investors can review RR Kabel’s financial information available in its Red Herring prospectus before investing in this upcoming IPO.
Valuation of RR Kabel’s IPO
The total valuation of RR Kabel is INR 1,964.01 crore. The promoters of RR Kabel are Mahendra Kumar Kabra HUF, Shreegopal Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, Tribhuvanprasad Kabra HUF, Mahendrakumar Rameshwarlal Kabra, Tribhuvanprasad Rameshwarlal Kabra and Kabra Shreegopal Rameshwarlal HUF.
According to RR Kabel’s financial information, investors can invest in the medium and long term. The registrar of RR Kabel is Link Intime India Private Ltd, and the shares will be listed on both BSE and NSE. Additionally, investors can apply for this IPO through their stockbroker’s website/mobile app.
RR Kabel IPO share price
RR Kabel share price ranges between INR 983 and INR 1035 per share. Furthermore, the face value of each share is INR 5. Once the IPO of RR Kabel is closed, the allotment will take place on September 21.
Investors who receive the allotment will get the RR Kabel shares credited to their demat accounts on September 25. The RR Kabel IPO UPI mandate deadline is 5 pm (September 15).
RR Kabel IPO dates
Check out all the important dates associated with the RR Kabel IPO –
| Event | Date |
| Open appointment | September 13th |
| Deadline | September 15 |
| UPI mandate deadline | 17:00 (September 15) |
| Assignment | September 21st |
| Refund initiation | September 22 |
| Stock Credit | September 25th |
| List | September 26 |
RR Kabel shares will be listed on September 26 (after crediting into demat accounts).
The richest country in the world
The richest woman in the world
The most handsome man in the world.
The most beautiful woman in the world
The most handsome man in the world.
RR Kabel IPO Lot Size
The minimum lot size of RR Kabel is 14 shares. This means that 14 RR Kabel shares are needed to form a lot. As we know, investors can apply in different batches for IPO. Therefore, the lot amount is calculated based on the number of shares in a lot and the share price.
| Batch | Share | Price |
| 1 | 14 | Rs 14,490 |
| 13 | 182 | 188,370 rupees |
| 14 | 196 | Rs 202,860 |
| 69 | 966 | 999,810 INR |
So for one lot of RR Kabel, the price investors will pay will be INR 14,490.
Categories: Finance
Source: vtt.edu.vn