R R Kabel IPO listed at Rs. 1180

September 20, 2023 admin 4 comment Post Comment

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R R Kabel IPO GMP IPO GMP, details & review @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.

Who is the promoter of R R Kabel IPO? 
TRIBHUVANPRASAD RAMESHWARLAL KABRA, SHREEGOPAL RAMESHWARLAL KABRA, MAHENDRAKUMAR RAMESHWARLAL KABRA, KIRTIDEVI SHREEGOPAL KABRA, TRIBHUVANPRASAD KABRA HUF, KABRA SHREEGOPAL RAMESHWARLAL HUF AND MAHENDRA KUMAR KABRA HUF

What is the business of R R Kabel?

R R Kabel is one of the leading companies in the Indian consumer electrical industry (comprising wires and cables and fast moving electrical goods (“FMEG”)), with an operating history of over 20 years in India. The Indian consumer electrical industry was estimated at Rs 1,615.00 billion in Fiscal 2022 and is expected to grow at a compounded annual growth rate of 11% until Fiscal 2027 to reach a market value of approximately Rs 2,665.00 billion. It is are one of the leading companies in the Indian consumer electrical industry on account of the following:
1) It is the fastest growing consumer electrical company among our peers in India, growing at a CAGR of 33.0% between Fiscal 2020 and Fiscal 2022;
2) It is the fifth largest player in the wires and cables market in India, representing approximately 5% market share by value as of March 31, 2022;
3) It is the fifth largest player in branded wires and cables market in India, representing approximately 8% market share by value as of March 31, 2022 as compared to approximately 5% market share by value as of March 31, 2015;

4) It has the highest revenue contribution from the business-to-consumer (“B2C”) sales channel in wires and cables with approximately 75% of revenue coming from the B2C sales channel as of March 31, 2022;
5) In calendar year 2021, it was the largest exporter of wires and cables from India, in terms of value, representing approximately 11% market share of the exports market from India;
6) It has one of the largest network of electricians, covering 147,810 electricians across India, as of March 31, 2022;
7) Its revenue contribution from the FMEG segment, which is approximately 10.92% for the nine months ended December 31, 2022, as opposed to approximately 6.26% in Fiscal 2022, is the highest among our peers.
8) It has one of the highest number of distributors servicing the extensive retail footprint in consumer electrical industry as on March 31, 2022 and has increased its retailer outlets by 2.4 times from 24,347 in Fiscal 2020 to 58,872 in Fiscal 2022, pursuant to undertaking several initiatives; and
8) Its products have 35 international product certifications, which is one of the highest in number among its peers in the Indian consumer electrical industry as of March 31, 2022.
For more information, click www.rrkabel.com

What is the object of R R Kabel IPO?
The Offer comprises of the Fresh Issue and the Offer for Sale.
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions; and
2. General corporate purposes.

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