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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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


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Analysts had predicted a 10-15 percent premium due to robust subscription numbers and favorable equity market conditions.

Analysts' Expectations


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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


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The IPO received strong investor interest, with an overall subscription of 18.69 times.

IPO Subscription


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Qualified institutional investors bid a whopping 52.26 times their allotted quota, reflecting high demand.

Institutional Investors' Enthusiasm


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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


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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


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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


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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


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