Company is promoted by Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Mahendrakumar Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra,Tribhuvanprasad Kabra HUF, Kabra Shreegopal Rameshwarlal HUFand MahendraKumar Kabra HUF.. Pre-Offer Promoter and Promoter group stake in the company is 66.39%.
R R Kabel Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 1,964 Crores calculated on upper price band (face value of INR 5 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 225 crores and an Offer for Sale up to 17,236,808 Equity Shares. Axis Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets, JM Financial have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO: As per the details available in RHP, Price band is Rs 983 to Rs 1035 with lot size of 14 shares and in multiples thereof. Objects of the issue is 1) Repayment or prepayment, in full or in part, of borrowings of around Rs. 170 crores , and 2) General corporate purposes.
IPO Dates:
IPO will open on September 13, 2023 and close on September 13, 2023. Tentative date of listing on stock exchanges is September 26, 2023
About Industry: India is the third largest producer and the second largest consumer of electricity in the world. (Source: Technopak Report)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. (Source: Technopak Report)The consumer electrical industry consisting of wires and cablesand FMEGs was estimated at approximately ₹161,500 millionin Fiscal 2022 and is expected to grow at a CAGR of approximately11% till Fiscal 2027 to reach a market value of approximately ₹266,500 million.(Source: Technopak Report).
Want to know more details about the IPO, please visit here R R Kabel Limited
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