R R Kabel IPO
R R Kabel IPO — date, price band, lot size & details 2023
R R Kabel listed on 20 Sep 2023 at ₹1,180, 14% above the ₹1,035 issue price.
R R Kabel makes wires and cables under the RR Kabel brand and fans, lights and switches, and is one of the leading consumer electrical companies in India. Its total income was Rs 5,633.64 crore in FY2023.
Stock price
R R Kabel is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 13 Sep 2023
- Close 15 Sep 2023
- Allotment 21 Sep 2023
- Refund/credit 22 Sep 2023
- Listing 20 Sep 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 15 Sep, 2023 |
|---|---|
| Price Band | ₹983 – ₹1035 |
| Face Value | ₹5 |
| Lot Size | 14 Shares |
| Issue Size | ₹1964.01 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 98.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,490 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 14 shares at the ₹1035 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 14 | ₹14,490 |
| Retail (max) | 13 | 182 | ₹1,88,370 |
| S-HNI (min) | 14 | 196 | ₹2,02,860 |
| S-HNI (max) | 69 | 966 | ₹9,99,810 |
| B-HNI (min) | 70 | 980 | ₹10,14,300 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 2,745.94 crore in FY2021 to Rs 5,633.64 crore in FY2023.
- 02It was the fastest growing consumer electrical company among peers, with 43.4% annual growth from Fiscal 2021 to 2023.
- 03Borrowing was modest at Rs 515.84 crore on 31 March 2023, against net worth of Rs 1,390.47 crore.
- 04Rs 136.00 crore of the fresh issue was planned for repaying debt.
- 05It has a strong wires brand and added fans and lights through 2 acquisitions.
Risks · 6
- 01Profit after tax fell from Rs 213.94 crore in FY2022 to Rs 189.87 crore in FY2023.
- 02Margins are thin, and the source puts the PAT margin at 3.37%.
- 03The pre-issue P/E was 60.56 at the upper band of Rs 1,035, based on EPS of Rs 17.09.
- 04Rs 1,783.00 crore of the Rs 1,964.01 crore issue was offer for sale, so most of the money went to selling shareholders.
- 05Copper and aluminium prices drive costs, and the Luminous brand licence runs for up to 4 years.
- 06Promoters and the promoter group held 66.37% before the issue on a fully diluted basis, and four of them sold shares in the offer.
Three years of numbers
All figures in ₹ crore, as reported in the R R Kabel offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 2,633.62 | 2,050.64 | 1,715.11 |
| Total Income | 5,633.64 | 4,432.22 | 2,745.94 |
| Profit After Tax | 189.87 | 213.94 | 135.40 |
| NET Worth | 1,390.47 | 1,237.05 | 1,033.38 |
| Total Borrowing | 515.84 | 521.11 | 498.71 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the R R Kabel RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
R R Kabel IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹17.09 | ₹16.83 |
| P/E Ratio (x) | 60.56 | 61.50 |
| Market Cap at Offer Price (₹ Cr) | ₹11,498.86 | ₹11,676.50 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹1035 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹170.24 Cr of the issue is earmarked to named objects.
About the company
It sells in two segments: wires and cables, including house wires, industrial wires, power cables and special cables, and fast moving electrical goods such as fans, lighting, switches and appliances.
In 2020 it bought the LED lights business of Arraystorm Lighting, and in 2022 it bought the home electrical business of Luminous Power Technologies, with a licence to use the Luminous Fans and Lights brand.
The IPO was Rs 1,964.01 crore, with Rs 181.01 crore of fresh issue and Rs 1,783.00 crore of offer for sale, mostly by TPG Asia VII SF, with promoters and promoter group members also selling. Rs 136.00 crore was planned for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
R R Kabel IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
HSBC Securities & Capital Markets (India) Pvt. Ltd.
20 issues handledBest listing: Tenneco Clean Air India (+27.2%). Weakest: Nuvoco Vistas Corporation (-14.9%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Citigroup Global Markets India Pvt. Ltd
29 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Kalyan Jewellers India (-15.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Frequently asked
What is the GMP of R R Kabel?
The current Grey Market Premium is ₹100, or 10% over the issue price.
What is the R R Kabel IPO price band?
₹983 to ₹1035, on a face value of ₹5.
When is the allotment?
The basis of allotment is 21 September 2023, with listing on 20 September 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
