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R R Kabel Limited is coming out with a fresh public issue to raise Rs. 1963 crores from the market.

Below are the details of the R R Kabel Limited IPO:

• Issue opens – September 13 (Wednesday)
• Issue closes – September 15 (Friday)
• Issue size – Rs. 1963 crores
• Price band – Rs. 983 to Rs. 1035 per equity share
• Bid lot – 14 shares and in multiples thereof.

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And here are some details of the company and further details on the R R Kabel Limited IPO.

Company details:

• R R Kabel Limited (“RR Kabel”) was incorporated on February 6, 1995. RR Kabel 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 compounded annual growth rate (“CAGR”) of 10% until Fiscal 2027 to reach a market value of approximately ?2,665 billion.
• RR Kabel is the fastest growing consumer electrical company among their peers in India, growing at a CAGR of 43.4% between Fiscal 2021 and Fiscal 2023, 
• RR Kabel is the 5th largest player in the wires and cables market in India, representing approximately 5% market share by value as of March 31, 2023, 
• RR Kabel is the 5th largest player in branded wires and cables market in India, representing approximately 7% market share by value as of March 31, 2023, as compared to approximately 5% market share by value as of March 31, 2015, 
• RR Kabel has the highest revenue contribution from the business-to-consumer (“B2C”) sales channel in wires and cables with approximately 74% of revenue coming from the B2C sales channel as of March 31, 2023, 
• In calendar year 2022, they were the largest exporter of wires and cables from India, in terms of value, representing approximately 9% market share of the exports market from India, 
• RR Kabel has one of the largest networks of electricians, covering 271,264 electricians across India, as of March 31, 2023, 
• Their revenue contribution from the FMEG segment, which is approximately 11% in Fiscal 2023, which is highest among the peers. It remains the highest at 11% among the peers even in the 3 months ended June30, 2023, 
• RR Kabel has one of the highest number of distributors servicing the extensive retail footprint in consumer electrical industry as on March 31, 2023, and have increased their retailer outlets by 3.5 times from 30,570 in Fiscal 2021 to 106,626 in Fiscal 2023, pursuant to undertaking several initiatives, 
• Their products have 35 international product certifications, which is one of the highest in number among their peers.

Issue Size:

Rs. 1963 crores

Employees Reservation:

Equity Shares aggregating up to Rs. 10.80 crores

Employees Discount:

Rs. 98 per share

Issue break-up:

• QIB – 50% of the net offer – Rs. 976.04 crores
• NIB – 15% of the net offer – Rs. 292.81 crores
• RET – 35% of the net offer – Rs. 683.23 crores

Listing:

BSE and NSE

Registrar:

Link Intime India Pvt Ltd

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

• Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
• The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Friday, September 15, 2023     

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