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R R Kabel Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

₹ 1964.01

Price Range (₹)

₹ 1035

Lot Size

14

Min Investment (₹)

₹ 14,490.00

Listing Exchange

MumbaiNSE

Open Date

13-Sep-2023

Close Date

15-Sep-2023

Listing Date

20-Sep-2023

Latest IPO News

Price Performance

1 Week-3.41
1 Month-8.74
3 Month-15.74
6 Month-19.68
1 Year-17.33

R R Kabel Ltd IPO Details

Initial public offer of 18,986,851* equity shares of face value of Rs. 5 each (Equity Shares) of R R Kabel Limited (Company) for cash at a price of Rs. 1035^ per equity share (including a premium of Rs. 1,030 per equity share) (Offer Price) aggregating to Rs. 1964.01 crores* (the Offer) comprising a fresh issue of 1,750,043* equity shares aggregating to Rs. 180.00 crores* by the company (Fresh Issue) and an offer for sale of 754,417* equity shares aggregating to Rs. 78.08 crores* by Mahendrakumar Rameshwarlal Kabra, 754,417* equity shares aggregating to Rs. 78.08 crores* by Hemant Mahendrakumar Kabra, 754,417* equity shares aggregating to Rs. 78.08 crores* by Sumeet Mahendrakumar Kabra, 707,200* equity shares aggregating to Rs. 73.20 crores* by Kabel Buildcon Solutions Private Limited, 1,364,480* equity shares aggregating to Rs. 141.22 crores* by Ram Ratna Wires Limited and 12,901,877* equity shares aggregating to Rs. 1335.34 crores* by TPG Asia Vii sf Pte. Ltd. (collectively the Selling Shareholders) (such equity shares offered by the selling shareholders, the Offered Shares).The offer includes a reservation of 115,261* equity shares, aggregating to Rs. 10.80 crores (constituting 0.10% of the post-offer paid-up equity share capital), for subscription by eligible employees (Employee Reservation Portion). The company and investor selling shareholder, in consultation with the book running lead managers, has offered a discount of Rs. 98 per equity share to eligible employees bidding under the employee reservation portion (Employee Discount). The offer and net offer constitute 16.83% and 16.73% of the post-offer paid-up equity share capital of the company, respectively.The face value of equity shares is Rs. 5 each. The offer price is 207.00 times the face value of the equity shares.^A discount of Rs. 98 per equity share was offered to eligible employeesbidding in the employee reservation portion.*Subject to finalisation of basis of allotment.

Objective of issue

Repayment or prepayment in full or in part of borrowings availed by the company from banks and financial institutions. General corporate purposes.

R R Kabel Ltd Contact Details

R R Kabel Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investorrelations.rrkl@rrglobal.com

Website - www.rrkabel.com