RR Kabel Ltd. IPO

RR Kabel Limited is a prominent player in India's consumer electrical industry, specializing in wires, cables, and fast-moving electrical goods (FMEG). With over 20 years of experience, it is among the fastest-growing companies in the sector, ranking fifth in India's wires and cables market. Additionally, it holds a notable position as a leading exporter of wires and cables from India. This exceptional growth and market share underscore RR Kabel's leadership in the industry.

RHP
View
DRHP
View
Open Date

2023-09-13

Close Date

2023-09-15

IPO Details

Check out the issue details for RR Kabel Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 1035

Price Band

₹ 983 - 1035

Issue Size

1964 Cr.

Issue Type

Book Built

Open

2023-09-13

Close

2023-09-15

Listingprice

₹ 1180

ListingGain

14.01%

Listing Date

2023-09-20

CMP

₹ 1434.65

Current Return

38.61%

Company Financials

You can get the following financial statements of RR Kabel Ltd. as of now.

Subscription Details

The details about the RR Kabel IPO is as:

  • The issue size of the IPO is 1964 Cr.
  • The price band for RR Kabel IPO is Rs 983 to Rs 1035.
  • The shares of RR Kabel IPO will list on 20th September 2023.
  • The latest tentative GMP of RR Kabel IPO is Rs 135.
  • The shares of RR Kabel IPO is subscribed 18.69 Times as of 15th September 2023.   

 

RR Kabel IPO Valuation

The approx valuation of RR Kabel IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 1035
Existing Shares (Qty) 11.10 Cr
Fresh Issue 180 Cr
Market Cap 11668.5 Cr
EPS (FY23) Rs 17.09
PE Ratio 60.56x
Industry PE 57.57x

 

RR Kabel IPO Issue Size

RR Kabel IPO issue size is 1964 Cr. 

Issue Amount
Fresh Issue 180 Cr
Offer For Sale 1784 Cr

  

RR Kabel IPO Market Lot

An Individual can apply for a minimum 1 lot of 14 shares and a maximum of 13 lots of 182 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 14 Rs 14,490
 Maximum 13 182 Rs 1,88,370

 

RR Kabel IPO share offer

The shares of RR Kabel IPO is subscribed 18.69 Times as of 15 September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 52.26 Times
Non-Institutional Minimum 15% 13.23 Times
Retail Individual Minimum 35% 2.13 Times
Employee 115261 Shares 2.69 Times
Total   18.69 Times

 

Allotment Details

Find below the dates for RR Kabel IPO:

Schedule Date
Basis of Allotment 21 September 2023
Refunds 22 September 2023
Credit to Demat Account 25 September 2023
IPO Listing Date 26 September 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 2241.3 2472.43 2715.94 4385.94 5599.2
Total Expenditure 2058.33 2265.5 2483.74 4081.72 5276.15
Operating Profit 182.97 206.93 232.2 304.21 323.05
Other Income 23.86 27.02 22 46.28 34.44
Interest 31.35 37.39 29.11 24.25 42.81
Depreciation 29.36 38.8 44.75 46.09 59.63
Exceptional Items 0 0 0 0 0
Profit Before Tax 146.11 157.75 180.33 280.16 255.05
Provision for Tax 50.65 35.28 46.04 70.42 66.12
Net Profit 95.47 122.48 134.3 209.74 188.93
Adjusted EPS (Rs.) 1.02 1.31 1.4 2.15 1.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 423.4 423.4 439.11 439.11 463.03
Total Reserves 402.28 480.51 606.75 805.92 953.4
Borrowings 21.66 68.28 71.28 59.31 26.86
Other N/C liabilities 21.41 18.78 19.21 28.51 87.49
Current liabilities 481.55 554.25 577.99 712.51 1099.58
Total Liabilities 1350.29 1545.21 1714.34 2045.37 2630.36
Assets
Net Block 284.2 390.53 399.41 398.49 517.16
Capital WIP 42.62 15.37 6.68 42.31 43.58
Intangible WIP 0 0 0.49 0.6 0
Investments 33.16 31.78 39.83 56.93 74.48
Loans & Advances 30.74 14.84 19.45 20.77 47.33
Other N/C Assets 29.09 0.18 1.8 1.43 1.7
Current Assets 930.48 1092.51 1246.68 1524.85 1946.11
Total Assets 1350.29 1545.21 1714.34 2045.37 2630.36
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 14.76 12.24
Profit Before Tax 104.89 95.89
Tax 30.95 24.96
Profit After Tax 73.94 70.93
Adjusted EPS (Rs) 6.55 6.29

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 62.76 0
Sep 2023 62.76 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 146.11 157.75 180.33 280.16 255.05
Adjustment 53.65 77.79 74.12 66.7 103.54
Changes in Assets & Liabilities -82.05 9.21 -283.66 -175.43 153.41
Tax Paid -64.84 -33.46 -41.85 -73.26 -58.25
Operating Cash Flow 52.88 211.29 -71.06 98.17 453.75
Investing Cash Flow -273.08 -122.28 -5.88 -62.66 -333.5
Financing Cash Flow 212.3 -83.58 74.12 -31.61 -101.51
Net Cash Flow -7.9 5.44 -2.81 3.9 18.74
X