R R Kabel Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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R R Kabel

CMP

1,755.50

+9.70 (0.56%)

  • DRHP
₹1,035

Offer Price

₹ 1,964.01 Cr

Issue Size

₹ 14,490

Min Investment

18.69x

Times Subscribed

14

Lot size

Time Line

  • 13
    Sep 2023
    Open
  • 15
    Sep 2023
    Close
  • 16
    Sep 2023
    Finalisation of Basis of Allotment
  • 17
    Sep 2023
    Initiation of Refunds
  • 18
    Sep 2023
    Transfer of Shares to Demat Account
  • 20
    Sep 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • 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.

Products & Services

  • 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)

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.

Risks

  • 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.

  • The company inability to maintain the stability of its distribution network across the company distribution channels and attract additional distributors, dealers and retailers may have a material adverse effect on its results of operations and financial condition.

  • The company is dependent on the performance of the wires and cables market. Any adverse changes in the conditions affecting the wires and cables market can adversely impact its business, financial condition, results of operations, cash flows and prospects.

Company Promoters

Promoters Holding

Issue For IPO
29.13%
Pre Holding

29.13%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 4,385.94 (61.00%) 5,599.20 (27.70%) 13.66 (-)
Gross Profit 4,385.94 (61.00%) 5,599.20 (27.70%) 13.66 (-)
Net Income 4,385.94 (61.00%) 5,599.20 (27.70%) 13.66 (-)
Assets 4,385.94 (61.00%) 5,599.20 (27.70%) 13.66 (-)
Liabilities 4,385.94 (61.00%) 5,599.20 (27.70%) 13.66 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
R R Kabel Ltd 5,599.20 189.87 2,016.36 1,011.85 13.66 19.84 104.97 2.66 0.29
Havells India Ltd 16,910.73 1,071.73 11,157.44 11,157.44 16.17 17.11 105.75 9.60 0.00
Polycab India Ltd 14,107.78 1,269.95 9,425.48 9,425.48 19.15 84.61 445.25 13.47 0.02
KEI Industries Ltd 6,912.33 477.35 3,770.15 3,770.15 18.43 52.86 287.08 12.66 0.05
Finolex Cables Ltd 4,481.11 504.28 4,980.45 4,980.45 11.53 32.97 285.74 10.12 0.00
V-Guard Industries Ltd 4,126.04 189.11 2,906.93 2,906.93 11.76 4.35 37.20 6.50 0.26
Crompton Greaves Consumer Electricals Ltd 6,869.61 463.21 5,654.43 5,654.43 17.41 7.27 48.86 8.19 0.35
Bajaj Electricals Ltd 5,429.26 216.19 4,677.16 4,677.16 11.33 18.77 165.74 4.62 0.00

Book Running Managers

  • Axis Capital Ltd
  • Citigroup Global Markets India Pvt Ltd
  • HSBC Securities & Capital Markets (India) Pvt Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Ramratna House Victoria Mill,
Compound Pandurang Budhkar,
Mumbai - 400013
Phone : +91 22 24949009 Email : investorrelations.rrkl@rrglobal.com www.rrkabel.com

Offer Related Information

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... More

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