Check out the details about RR Kabel IPO GMP Today, Issue Size, Review, Valuation, and Share Price from this article. Various details about RR Kabel IPO GMP Today, Issue Size, Review, Valuation, Share Price, and other significant details are included in this article.
RR Kabel IPO GMP Today
RR Kabel Limited has recently announced its IPO. RR Kabel was incorporated in 1995 and produces a large variety of consumer electrical products, including wires, cables, switches, appliances, super flexible cables, commercial lighting, etc. While developing its products, RR Kabel focuses on quality, affordability, and safety.
The IPO of RR Kabel is set to open on September 13. However, the shares of RR Kabel can be traded in the Grey Market before the opening of the IPO. The GMP of RR Kabel today is INR 40. As the opening date of RR Kabel IPO approaches, the GMP of RR Kabel IPO will change. More detailed information on RR Kabel IPO GMP will be updated soon.
RR Kabel IPO GMP
|Name of the Company||RR Kabel Limited|
|IPO Date||September 13 – September 15|
|Face Value||INR 5/share|
|Share Price||INR 983 – INR 1035|
|Total Issue Size||INR 1,964.01 Crore|
|Fresh Issue||INR 180 Crore|
|Offer for Sale||INR 1,784.01 Crore|
|Type of the issue||Book Built|
|Lot Size||14 Shares|
RR Kabel IPO Issue Size
The total issue size of the RR Kabel is 18,975,938 shares. The company has revealed the Offer for Sale to be 17,236,808 shares of INR 5. The fresh issue of RR Kabel contains 1,739,130 shares that aggregate up to INR 180 Crores.
RR Kabel plans to use the net proceeds for the IPO for Repayment/prepayment of borrowings from various financial institutions and banks. Additionally, the net proceeding of RR Kabel IPO will be used for general corporate purposes.
RR Kabel IPO review
RR Kabel is one of the leading companies in India that manufactures consumer electrical products used for commercial, residential, infrastructure, and industrial uses. The total assets of RR Kabel were revealed to be about INR 2,633.62 Crores (at the end of March 31, 2023). These assets were about INR 2,050.64 Crores at the end of March 31, 2022.
The Total Net Worth of RR Kabel at the end of March 31, 2023, was reported to be INR 1,390.47 Crores, and the amount of reserves and surplus of RR Kabel is about INR 914.15 Crores. Due to its good performance, RR Kabel is showing a steady growth line. Investors can check the financial information of RR Kabel available on its Red herring prospectus before investing in this upcoming IPO.
RR Kabel IPO Valuation
The total valuation of RR Kabel is INR 1,964.01 Crores. 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.
Based on the financial information of RR Kabel, investors can invest for medium to long terms. The registrar of RR Kabel is Link Intime India Private Ltd, and the shares will be listed on both BSE and NSE. Moreover, investors can apply for this IPO through their stock broker’s website/mobile application.
The share price of RR Kabel ranges from INR 983 to INR 1035 per share. In addition, the face value of each share is INR 5. After the RR Kabel IPO is closed, the allotment will be done on September 21.
The investors receiving the allotment will get the RR Kabel Shares credited into their demat accounts on September 25. The RR Kabel IPO’s UPI Mandate cut-off time is 5 PM (September 15).
RR Kabel IPO Dates
Check all the important dates associated with the RR Kabel IPO –
|Open Date||September 13|
|Closing Date||September 15|
|UPI Mandate cut-off time||5 PM (September 15)|
|Refund initiation||September 22|
|Credit of Shares||September 25|
The shares of RR Kabel will be listed on September 26 (after being credited into demat accounts).
RR Kabel IPO Lot Size
The minimum Lot Size of RR Kabel is 14 shares. This means that 14 shares of RR Kabel are necessary to form a lot. As we know, investors can apply in different lots for IPOs. Hence, the lot amount is calculated based on number of shares in a lot and the price of the share.
So, for one lot of RR Kabel, the price to be paid by the investors will be INR 14,490.
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