R R Kabel Limited is a prominent player in the Indian consumer electrical industry, as they have a very rich operating history spanning over 20 years in India. The company comes out as the fastest-growing consumer electrical company in India with an impressive CAGR of 33.0% between Fiscal 2020 and 2022. It ranks as the fifth-largest player in the Indian wires and cables market, capturing approximately 5% of the market share by value as of March 31, 2022.
R R Kabel Limited operates within two primary segments: wires and cables (including house wires, industrial wires, power cables, and special cables) and FMEG (comprising fans, lighting, switches, and appliances). For the nine months ending December 31, 2022, approximately 73% of its revenue was from wires and cables and 95% of its revenue from FMEG came from the B2C channel. According to Technopak, B2C sales yield higher gross margins compared to B2B sales.
The company has proactively diversified its product portfolio, both organically and inorganically, with notable acquisitions such as Ram Ratna Electricals Limited (RREL) in Fiscal 2020 and the LED Lights Business of Arraystorm Lighting Private Limited in the same year. In May 2022, the company acquired the home electrical business of Luminous Power Technologies Private Limited, strengthening its FMEG portfolio further.
R R Kabel Limited places a very high priority on innovation, research, and development, and was a pioneer in the introduction of products that complied with CPR, REACH, and other European standards. As of December 31, 2022, it maintains a dedicated team of 63 employees focused on research and development, with 23 employees exclusively dedicated to FMEG product development. R R Kabel is also dedicated to maintaining high standards across its entire range of products.
The company owns and runs multiple integrated manufacturing facilities across India which allows them to manufacture a notable quantity of its wires and cables and a portion of its FMEG products in-house. This strategic manufacturing capability is further complemented by its extensive distribution network.
R R Kabel Limited is also committed to environmental, social, and corporate governance compliance. They energetically promote green energy, community development, and water conservation initiatives which include the installation of rooftop solar energy capacity at its facilities.
R R Kabel Limited IPO Complete Details:
R R Kabel Limited IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF R R Kabel Limited is Around 90 Rs.
Objects Of Issue:
- The repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions; and
- General corporate purposes
- Tribhuvanprasad Rameshwarlal Kabra serves as the Executive Chairman of the Company. He completed his secondary level school education at Hindi High School in Mumbai and boasts extensive experience in the electrical industry. Prior to his role as Executive Chairman, he held a directorship position at Shramik Winding Wires Private Limited. Mr. Kabra was appointed to the Board of Directors on May 13, 1997.
- Shreegopal Rameshwarlal Kabra currently holds the position of Managing Director within the Company. His secondary-level school education was also completed at Hindi High School in Mumbai. With substantial experience in the electrical industry, Mr. Kabra previously served as the chairman of the wire and cable product council at the International Copper Association and as the president of the Indian Electrical and Electronics Manufacturers’ Association.
- Mahendrakumar Rameshwarlal Kabra holds the role of Joint Managing Director in the Company. His secondary level school education took place at Hindi High School in Mumbai, and he holds a licentiate diploma in mechanical engineering from Veermata Jijabai Technological Institute Mumbai. With extensive experience in the electrical industry, Mr. Kabra previously served as a director at MEW Electricals Limited.
- Kirtidevi Shreegopal Kabra, aged 61 years, is one of the Promoters of the Company. She holds a bachelor’s degree in commerce from Karnataka University and has been leading the corporate publicity, branding, and communication function within the Company since 1995. Her prior associations include directorship roles at Ram Ratna Wires Limited and MEW Electricals Limited.
- Tribhuvanprasad Kabra HUF operates as a Hindu undivided family, with Tribhuvanprasad Rameshwarlal Kabra serving as the karta of the HUF.
- Kabra Shreegopal Rameshwarlal HUF operates as a Hindu undivided family, with Shreegopal Rameshwarlal Kabra as the karta of the HUF.
- Mahendra Kumar Kabra HUF functions as a Hindu undivided family, with Mahendrakumar Rameshwarlal Kabra as the karta of the HUF.
When R R Kabel Limited’s IPO is Opening?
R R Kabel Limited IPO is Opening on 13 September 2023(Wednesday).
When R R Kabel Limited IPO is Closing?
R R Kabel Limited IPO is Closing on 15 September 2023(Friday).
What is the IPO Issue Size of R R Kabel Limited?
The IPO Issue Size of R R Kabel Limited is 1,964.01 Crore.
Price Band of R R Kabel Limited IPO?
The price Band of R R Kabel Limited IPO is 983 to 1035 rupees per share.
What is the minimum investment for R R Kabel Limited IPO?
The minimum investment for R R Kabel Limited IPO is 14,490 Rupees.
Allotment Date of R R Kabel Limited IPO?
The Allotment of R R Kabel Limited IPO is on 21 September 2023(Thursday).
Listing Date of R R Kabel Limited IPO?
The Listing Of R R Kabel Limited is Scheduled on 26 September 2023(Tuesday).
One Should Apply R R Kabel Limited IPO or Not?
Will Update soon.
How to apply for R R Kabel Limited IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find R R Kabel Limited IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for R R Kabel Limited IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find R R Kabel Limited IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for R R Kabel Limited IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find R R Kabel Limited IPO from the list ——–> Click on IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is R R Kabel Limited IPO’s Lead Manager?
Axis Capital Limited, Citigroup Global Markets India Pvt Limited, HSBC Securities & Capital Markets Pvt Ltd, and Jm Financial Limited are the Lead Managers of R Kabel Limited IPO.