RR Kabel IPO Allotment Status- On September 13, 2023, the RR Kabel IPO officially started, and it concluded on September 15, 2023. The RR Kabel IPO will raise about $1964 crores. Retail quota is 35%, NII is 15%, and QIB is 50%. For equity shares, the fixed price range is between 983 and 1035. The RR Kabel IPO Allotment Status is anticipated on September 21, 2023. Shares will be credited to your demat account on September 25, 2023, and refunds will begin on September 22, 2023. A tentative listing date for the company’s shares on the BSE and NSE is Tuesday, September 26, 2023.
The IPO Allotment Status for RR Kabel will be determined on September 18, 2023. The shares will be deposited to the Demat account on September 19 when the refund is started on September 18. On September 20, RR Kabel will go public. On the Linkintime website, IPO investors can check the status of their RR Kabel IPO allotments, or they can do so offline by logging into their bank accounts and Demat accounts. monitor out our step-by-step guide for information on how to monitor the status of RR Kabel’s IPO allotments online or offline.
RR Kabel IPO Allotment Status
A maximum of 50% of the shares in the RR Kabel initial public offering (IPO) have been reserved by the company for qualified institutional buyers (QIB), 15% have been put aside for non-institutional investors (NII), and 35% have been reserved for retail investors. Additionally, 1.15 lakh shares have been set aside by the company for its employees, who are being offered shares at a discount of 98 rupees per share off the final offer price. The company has reserved 10.8 crore rupees worth of shares in the RR Kabel IPO for its employees.
In contrast to the 1,33,17,737 shares that were made available, 32,85,534 bids were received for the RR Kabel IPO. In contrast to the 66,01,237 shares that were up for bid in this portion of the RR Kabel IPO, bids for 23,93,762 shares were received from retail investors. Bids for 8,18,258 of the 28,29,102 shares offered to non-institutional investors in the RR Kabel IPO were received. The QIBs sector received bids for 7,084 shares in the RR Kabel IPO, compared to the 37,72,137 shares that were initially offered. Although 1,15,261 shares were made available, only 66,430 shares were purchased for the employee portion.
R R Kabel IPO Allotment Overview
| Name of the Company | R R Kabel |
| IPO Opens | September 13 |
| IPO Closes | September 15 |
| 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 |
| Category | Trending |
| Allotment Date | September 21 |
| Refunds | September 22 |
| Listing Date | September 26 |
| Website of the Company | @rrkabel.com |
R R Kabel Allotment Date
The allotment will be carried out on September 21 in accordance with the R R Kabel IPO Schedule. On September 25, those who were allotted successfully would receive R R Kabel Shares in Demat accounts. However, for those investors who did not obtain an allocation for the RR Kabel IPO on September 22, the business will start issuing refunds.
On September 26, the credited R R Kabel Shares will be listed. The R R Kabel IPO’s anchor portion size is Rs. 585.62 crores. On September 12, the anchor bidding for the IPO of R R Kabel took place. R R Kabel has a market value of Rs. 11675.63 Crores.
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R R Kabel’s share price ranges from Rs. 983 to Rs. 10035. A total of 18,975,939 shares were issued, of which 29.82% were reserved for anchor investors, 19.88% for QIB, 34.79% for retail investors, 0.61% for staff, and 14.91% for NII. After the shares are listed, more details about the R R Kabel Share Price will be accessible.
The proceeds from the offering will be used by RR Kabel for general company operations and the prepayment or repayment of debt. Promoters held 66.42% of the shares prior to the issuance, whereas they held 62.77% of the shares following the issuance. As of March 31, 2020, R R Kabel has 1,545.36 crores worth of assets. These assets’ reported worth grew to Rs. 1,715.11 Crores on March 31, 2021.
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R R Kabel IPO Allotment Status
On September 13, the R R Kabel IPO began, and it ended on September 15. Any IPO’s registrar is able to examine the status of its allotments. In this instance, Link Intime India Private Ltd. will offer information on the R R Kabel IPO’s allotment status. As a result, investors who submitted applications for this noteworthy R R Kabel IPO can check the Allotment Status on the Link Intime website. A lot contained 14 shares. Investors have to spend INR 14,449 to apply for one lot of R R Kabel.
The IPO allotment status reveals whether an investor has been allocated shares in the company or not. This information is crucial for investors who have applied for shares in the IPO and are eagerly awaiting the results. It provides transparency and clarity regarding the allocation process and allows investors to plan their investment strategy accordingly. The RR Kabel IPO allotment status can be checked online through various platforms or by contacting the registrar of the IPO. Investors should keep in mind that the allotment process is based on various factors, including demand, availability of shares, and regulatory guidelines.
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R R Kabel IPO Allotment Status Check Online
Through Link Intime India Private Ltd.’s authorized web page, you can monitor the R R Kabel IPO’s allotment status. The allotment date is used to determine the status of any ongoing IPO’s allotment. In order to check their R R Kabel IPO Allotment Status Online, investors must first choose the IPO Name and then input their application number, DP Client ID, or PAN.
- Visit the Link Intime India Private Ltd. website that has been authorized.
- Go to Allotment Status and choose the IPO’s name (R R Kabel).
- To examine the status, click on the PAN/DP Client ID/Application Number name of the preferred method.
- Check the R R Kabel Allotment Status by entering the necessary information.
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RR Kabel IPO Review
The RR Kabel IPO GMP Review gives less attention to stock performance and investor sentiment. Recent data indicates that RR Kabel’s IPO GMP has attracted interest and that there is a significant secondary market demand for its shares. Interest has grown as a result of RR Kabel’s dominant position in the electrical cable and wire industry, its steady expansion, and the promising future of the industry.
However, this GMP evaluation must be taken seriously. A high RR Kabel IPO GMP Review could be a sign of market confidence or overvaluation. Investors should research the company, evaluate its finances, and think about their goals before participating in the IPO. They must comprehend the GMP drivers in order to form informed judgements and match the product to their investing strategy and risk tolerance.
Conclusion
RR Kabel IPO allotment status refers to the outcome of the initial public offering (IPO) of RR Kabel, a leading manufacturer of electrical cables and wires. The IPO allotment status is an important piece of information for investors who have applied for shares in the IPO. It indicates whether their application has been accepted and how many shares they have been allotted. This information is typically released by the company or the stock exchange where the IPO is listed. Investors eagerly await the IPO allotment status as it determines their participation in the company and potential returns on their investment.
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