The IPO of RR Kabel, a number one producer of cables and wires in India, is opening for public subscription on September 13.
Right here is all you must know:
What’s the RR Kabel?
The RR Kabel IPO is likely one of the main wires, cables and fast-moving electrical items (FMEG) manufacturing corporations in India. The corporate is backed by TPG Capital, a world non-public fairness agency.
When is the RR Kabel IPO opening and shutting?
The RR Kabel IPO will open for subscription on September 13, 2023, and shut on September 15, 2023. The allotment of shares shall be executed on September 20, 2023, and the itemizing of shares shall be executed on September 23, 2023.
What’s the worth band and lot measurement of the RR Kabel IPO?
The value band at Rs 983-1,035 for its Rs 1,964-crore preliminary public providing.
What’s the measurement of the RR Kabel IPO?
The preliminary public providing (IPO) contains two parts: A contemporary situation of shares valued at as much as Rs 180 crore and a proposal on the market (OFS) of greater than 1.72 crore shares by varied stakeholders, primarily led by TPG, which plans to cut back its possession to roughly 5% via this share sale.
On the larger finish of the worth vary, the IPO is anticipated to generate proceeds of as much as Rs 1,964 crore, as acknowledged by Rajesh Babu Jain, the Chief Monetary Officer of the Gujarat-based firm.
In the course of the OFS, the promoters and promoter entities will divest 3-4% of their present holdings, whereas nonetheless retaining a 64% stake within the firm. Curiously, within the pre-IPO part two weeks in the past, TPG had already offered 5% of its preliminary 21% stake, which it had acquired in September 2018 foRRs 3,000 crore.
Find out how to apply for the RR Kabel IPO?
You possibly can apply for the RR Kabel IPO on-line via your checking account or via a dealer. You want to have a demat account and a PAN card to use. You should use the UPI mode or the ASBA mode to make the cost. You possibly can test the standing of your utility on the web site of the registrar, Hyperlink Intime India Non-public Restricted.
What are the dangers and alternatives of investing within the RR Kabel IPO?
A: Investing in any IPO entails dangers and alternatives. A few of the dangers of investing within the RR Kabel IPO are:
– The corporate operates in a extremely aggressive and controlled trade, which can have an effect on its profitability and progress prospects.
– The corporate is determined by a couple of key prospects and suppliers, which can expose it to focus threat and provide chain disruptions.
– The corporate could face authorized disputes, regulatory actions, environmental points or product legal responsibility claims, which can adversely have an effect on its fame and monetary situation.
– The corporate could not have the ability to efficiently implement its enlargement plans or handle its debt obligations, which can hamper its future efficiency.
What are brokerage suggestions for RR Kabel IPO?
Nonetheless, you will need to do your individual analysis earlier than investing choice.
(With inputs from companies)
Right here is all you must know:
What’s the RR Kabel?
The RR Kabel IPO is likely one of the main wires, cables and fast-moving electrical items (FMEG) manufacturing corporations in India. The corporate is backed by TPG Capital, a world non-public fairness agency.
When is the RR Kabel IPO opening and shutting?
The RR Kabel IPO will open for subscription on September 13, 2023, and shut on September 15, 2023. The allotment of shares shall be executed on September 20, 2023, and the itemizing of shares shall be executed on September 23, 2023.
What’s the worth band and lot measurement of the RR Kabel IPO?
The value band at Rs 983-1,035 for its Rs 1,964-crore preliminary public providing.
What’s the measurement of the RR Kabel IPO?
The preliminary public providing (IPO) contains two parts: A contemporary situation of shares valued at as much as Rs 180 crore and a proposal on the market (OFS) of greater than 1.72 crore shares by varied stakeholders, primarily led by TPG, which plans to cut back its possession to roughly 5% via this share sale.
On the larger finish of the worth vary, the IPO is anticipated to generate proceeds of as much as Rs 1,964 crore, as acknowledged by Rajesh Babu Jain, the Chief Monetary Officer of the Gujarat-based firm.
In the course of the OFS, the promoters and promoter entities will divest 3-4% of their present holdings, whereas nonetheless retaining a 64% stake within the firm. Curiously, within the pre-IPO part two weeks in the past, TPG had already offered 5% of its preliminary 21% stake, which it had acquired in September 2018 foRRs 3,000 crore.
Find out how to apply for the RR Kabel IPO?
You possibly can apply for the RR Kabel IPO on-line via your checking account or via a dealer. You want to have a demat account and a PAN card to use. You should use the UPI mode or the ASBA mode to make the cost. You possibly can test the standing of your utility on the web site of the registrar, Hyperlink Intime India Non-public Restricted.
What are the dangers and alternatives of investing within the RR Kabel IPO?
A: Investing in any IPO entails dangers and alternatives. A few of the dangers of investing within the RR Kabel IPO are:
– The corporate operates in a extremely aggressive and controlled trade, which can have an effect on its profitability and progress prospects.
– The corporate is determined by a couple of key prospects and suppliers, which can expose it to focus threat and provide chain disruptions.
– The corporate could face authorized disputes, regulatory actions, environmental points or product legal responsibility claims, which can adversely have an effect on its fame and monetary situation.
– The corporate could not have the ability to efficiently implement its enlargement plans or handle its debt obligations, which can hamper its future efficiency.
What are brokerage suggestions for RR Kabel IPO?
Nonetheless, you will need to do your individual analysis earlier than investing choice.
(With inputs from companies)
