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I have observed, IPO description showing at bottom and related financial showing at bottom which looks weird. People are more interested to know company details, its product and business rather than price, sizing and all because those are already displayed in below tables.
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Incorporated in 1995, R R Kabel Limited provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.
R R Kabel has two broad segments:
Wires and cables including house wires, industrial wires, power cables, and special cables; and
FMEG including fans, lighting, switches, and appliances.
The company undertakes the manufacturing, marketing, and sale of wires and cable products under 'RR Kabel' brand, and fans and lights under the 'Luminous Fans and Lights' brand.
In 2020, R R Kabel acquired Arraystorm Lighting Private Limited and obtained light emitting diode (LED) lights and related hardware business (LED Lights Business) along with its trademarks and design certificates, to expand their portfolio to cover office, industrial, and warehouse spaces. In 2022, the company acquired the home electrical business (HEB) of Luminous Power Technologies Private Limited, and obtained a limited and exclusive license to use the Luminous Fans and Lights brand for fan and light products for a maximum period of four years with a one-time option to further renew the license for a period of three months and, that includes a right to use 61 registered trademarks, and a portfolio of lights and premium fans, to strengthen our FMEG portfolio.
The company has two manufacturing units located at Waghodia, Gujarat, and Silvassa, Dadra and Nagar Haveli, and Daman and Diu which primarily carry out manufacturing operations of wire and cables and switches. Apart from that, it owns and operates three integrated manufacturing facilities which are located at Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, which carry out manufacturing operations in respect of FMEG products.
R R Kabel's clientele comes from both the domestic market and international markets. In the last three months ending June 30, 2023, 71% of its revenue from operations came from the wires and cables segment; and 97% of the revenue from operations came from the FMEG segment, from the B2C channel.
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R R Kabel IPO is a book built issue of Rs 1,964.01 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to Rs 180.00 crores and offer for sale of 1.72 crore shares aggregating to Rs 1,784.01 crores.
R R Kabel IPO bidding started from September 13, 2023 and ended on September 15, 2023. The allotment for the R R Kabel IPO is expected to be finalized on Thursday, September 21, 2023. R R Kabel IPO will be listed on BSE, NSE on September 20, 2023.
R R Kabel IPO price band is set at ₹983 to ₹1035 per share. The minimum lot size for an application is 14 Shares. The minimum amount of investment required by retail investors is ₹14,490. The minimum lot size investment for sNII is 14 lots (196 shares), amounting to ₹202,860, and for bNII, it is 70 lots (980 shares), amounting to ₹1,014,300.
The issue includes a reservation of up to 115,261 shares for employees offered at a discount of Rs 98 to the issue price.
Axis Capital Limited, Citigroup Global Markets India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd and Jm Financial Limited are the book running lead managers of the R R Kabel IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to R R Kabel IPO RHP for detailed information.
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