RR Kabel IPO: Shocking 15 Lesser-Known Facts Revealed
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RR Kabel made a strong market entry with a 14 percent premium over its issue price on September 20.
Impressive IPO Debut
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1
The stock began trading at Rs 1,180 on the NSE and Rs 1,179 on the BSE, surpassing its issue price of Rs 1,035.
Trading Highlights
2
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Analysts had predicted a 10-15 percent premium due to robust subscription numbers and favorable equity market conditions.
Analysts' Expectations
3
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Despite the premium, concerns were raised about RR Kabel's subdued financial performance, which could limit future stock growth.
Financial Challenges
4
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The IPO received strong investor interest, with an overall subscription of 18.69 times.
IPO Subscription
5
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Qualified institutional investors bid a whopping 52.26 times their allotted quota, reflecting high demand.
Institutional Investors' Enthusiasm
6
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High net worth individuals and retail investors also showed interest, bidding 13.23 times and 2.13 times the reserved portion, respectively.
Retail and HNI Participation
7
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RR Kabel successfully raised Rs 1,964.01 crore through the IPO, consisting of a fresh issue component and an offer for sale.
IPO Fundraising
8
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The IPO included shares sold by six shareholders, including the promoter Mahendrakumar Rameshwarlal Kabra and investor TPG Asia VII SF Pte Ltd.
Key Shareholders
9
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RR Kabel made history by becoming the first company to list shares just two days after the IPO's closing, ahead of SEBI's mandated T+3 timeline.
Unique Listing Date
10
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