R R Kabel Ltd IPO
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R R Kabel Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 189.76 L | ₹ 172.37 L | ₹ 66.01 L | ₹ 323.82 L | BSE | ₹ 1964.01 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 13 Sep, 23 | 15 Sep, 23 | 14 | ₹ 13,762 | Book Building | 20 Sep, 23 |
R R Kabel Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Cables - Power |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 9430338 | 0 |
| NII | 0x | 2829102 | 0 |
| Retail | 0x | 6601237 | 0 |
| Employee | 0x | 115261 | 0 |
| Total | 0x | 18975938 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
R R Kabel Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6,594.57 | 5,599.20 | 4,385.94 |
| EBITDA | 535.96 | 374.31 | 372.33 |
| PAT | 297.02 | 188.93 | 209.74 |
| Total Assets | 1,774.31 | 1,674.43 | 1,330.81 |
| Share Capital | 56.41 | 463.03 | 439.11 |
| Total Borrowings | 400.36 | 569.15 | 492.70 |
| Operating Activities (Net Cash) | 362.51 | 248.56 | 255.83 |
| Investing Activities (Net Cash) | 173.75 | 315.82 | 219.49 |
| Financing Activities (Net Cash) | 400.36 | 569.15 | 492.70 |
| Net Cashflow | 98.79 | 81.08 | 12.30 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About R R Kabel Ltd
R R Kabel Limited was originally incorporated as `Ram Ratna Agro-Plast Limited' at Mumbai, Maharashtra as a public limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated February 6, 1995, issued by RoC and commenced operations pursuant to a certificate of commencement of business dated June 29, 1995. Subsequently, the name of the Company was changed to `R R Kabel Limited' and a fresh certificate of incorporation dated November 8, 2000 was issued by the RoC.
India is the third largest producer and the second largest consumer of electricity in the world. Consumer electrical (wires and cables and fast moving electrical goods) industry is one of the important aspects of the Indian economy, contributing approximately 8% to the country's manufacturing production, approximately 1.5% to India's GDP and approximately 1.5% to India's exports. The consumer electrical industry consisting of wires and cables and fast moving electrical goods was estimated at approximately Rs. 1,811,500 million in Fiscal 2023 and is expected to grow at a compounded annual growth rate of approximately 10% till Fiscal 2027 to reach a market value of approximately Rs. 2,665,000 million.
R R Kabel Limited is one of the leading companies in the Indian consumer electrical industry (comprising wires and cables and fast moving electrical goods), with an operating history of over 20 years in India. The Company is the fastest growing consumer electrical company among its peers in India, growing at a compounded annual growth rate of 43.4% between Fiscal 2021 and Fiscal 2023. The Company sells products across two broad segments - (i) wires and cables including house wires, industrial wires, power cables and special cables; and (ii) fast moving electrical goods including fans, lighting, switches and appliances.
Peer Comparison:
- Havells India Ltd
- Polycab India Ltd
- KEI Industries Ltd
- Finolex Cables Ltd
- V-Guard Industries Ltd
- Crompton Greaves Consumer Electricals Ltd
- Bajaj Electricals Ltd
R R Kabel Ltd IPO Key Points
Strengths
- Scaled B2C business in the large and growing wires and cables industry;
- Diverse suite of products driven by its focused research and development efforts with global certifications and accreditations;
- Extensive domestic and global distribution network.
- Well recognized consumer brands; and.
- Technologically advanced and integrated precision manufacturing facilities.
Risk
- The costs of the raw materials that the company uses in its manufacturing process are subject to volatility due to factors beyond its control. Increases or fluctuations in raw material prices may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Any shortages, delay or disruption in the supply of the raw materials the company uses in its manufacturing process due to factors beyond the company control may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Any disruption, breakdown or shutdown of its manufacturing facilities or the company original equipment manufacturer suppliers may have a material adverse effect on its business, financial condition, results of operations and cash flows.
Strategy
- Expand distribution and establish leadership position for its wires and cables segment in India.
- Enhance its geographical footprint of its wires and cables segment.
- Capitalize on the market opportunity in wires and cables segment, including through innovation and product development to expand its product portfolio.
- Grow and expand FMEG segment organically and inorganically.
- Enhance productivity and operational efficiencies.
- Scaled B2C business in the large and growing wires and cables industry;
- Diverse suite of products driven by its focused research and development efforts with global certifications and accreditations;
- Extensive domestic and global distribution network.
- Well recognized consumer brands; and.
- Technologically advanced and integrated precision manufacturing facilities.
How To Apply for R R Kabel Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
