The RR Kabel IPO was begun on September 13, 2023, and on September 15, 2023, it ended. Around $1964 crores will be raised by the RR Kabel IPO. NII is 15%, QIB is 50%, and the retail quota is 35%. The fixed price range for equity shares is between 983 and 1035. On September 21, 2023, the RR Kabel IPO Allotment Status is anticipated. Refunds will start on September 22, 2023, and shares will be credited to your demat account on September 25, 2023. The company’s shares will be listed on the BSE and NSE, with a tentative listing date of Tuesday, September 26, 2023.
RR Kabel IPO Allotment Status
In the RR Kabel initial public offering (IPO), the business has set aside not more than 50% of the shares for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Investors. Additionally, the business has reserved 1.15 lakh shares for its workers, who are being offered shares at a price that is ₹98 rupees a share less than the final offer price. The business has set aside ₹10.8 crore rupees worth of shares for its workers in the RR Kabel IPO.
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In contrast to the 1,33,17,737 shares that were offered, bids for the RR Kabel IPO totaled 32,85,534. The retail investors’ component of the RR Kabel IPO got bids for 23,93,762 shares as opposed to the 66,01,237 shares that were on offer for this segment. Against the 28,29,102 shares that were on offer for non-institutional investors in the RR Kabel IPO, bids for 8,18,258 shares were received. In the RR Kabel IPO, the QIBs sector got bids for 7,084 shares vs. the 37,72,137 shares that were initially offered. 1,15,261 shares were offered, however, 66,430 shares were bid on for the employee part.
RR Kabel IPO GMP
The RR Kabel IPO GMP reputation and performance in the electrical cable and wire business are most likely to be blamed for this increased GMP. The company’s history of consistent growth, industry leadership, and promising future have attracted investors.
Approaching GMP must be done with some care. High GMPs might signal investor confidence but they can also signal possible overvaluation.
| Name of the Company | R R. Kabel |
| IPO Opens | September 13, 2023 |
| IPO Closes | September 15, 2023 |
| Face value | Rs. 5/share |
| Share Price | Rs. 983 – Rs. 1,035/share |
| 1 Lot | 14 Shares |
| Total Size | Rs. 1,964.01 Crores |
| Offer for sale | Rs. 1,784.01 Crores |
| Listing | NSE, BSE |
| Allotment Date | September 21, 2023 |
| Refunds | September 22, 2023 |
| Listing Date | September 26, 2023 |
| Website of the Company | www.rrkabel.com |
Investors should do thorough due diligence, evaluating the financials, competitive position, and development prospects of the firm. It’s also important to remember that RR Kabel IPO GMP Today is unofficial and susceptible to swift change. When deciding whether to take part in the RR Kabel IPO GMP, investors should consider a number of variables, including rigorous research and professional assistance.
How to Check RR Kabel IPO Allotment Status?
- Visit the registrar’s official website or the BSE/NSE website.
- Enter your application number or PAN card details.
- Fill out the form below to check on your allocation.
- You can also check for updates through your demat account and email notifications.
- Shares will be added to your demat account if you are granted allocation. If not allotted, you’ll receive a refund of your application money.
RR Kabel IPO GMP Valuation
The RR Kabel IPO GMP Valuation reveals intriguing investor opinion. Before listing, investors may pay more for the company’s secondary market shares with a high GMP. RR Kabel’s excellent position in the electrical cable and wire sector, steady expansion, and market potential may explain this premium.
RR Kabel IPO GMP Valuation requires caution. High GMPs may suggest overvaluation but investor confidence is. Investors should research the company’s financials and growth prospects to determine the premium. Participating in RR Kabel’s IPO and ensuring the valuation accurately reflects the company’s worth requires basic knowledge.
Objects of the Issue
The firm plans to use the net proceeds from the offering to support the following: –
- Repayment or payback of bank and financial institution borrowings.
- General corporate purposes.
RR Kabel IPO Review
The RR Kabel IPO GMP Review light on investor opinion and share performance. According to recent statistics, RR Kabel’s IPO GMP has garnered attention, showing strong secondary market demand for its shares. Due to RR Kabel’s strong position in the electrical cable and wire business, its stable expansion, and the sector’s good outlook, interest has increased.
However, this GMP assessment must be critical. A high RR Kabel IPO GMP Review may indicate overvaluation but also market confidence. Before investing in the IPO, investors should investigate the firm, examine its finances, and consider their ambitions. To make educated judgments and match the product to their investment strategy and risk tolerance, they must understand the GMP drivers.
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