RR Kabel IPO GMP Today- RR Kabel Initial public offering GMP Today has been a subject of extensive conversation in monetary circles. As of the most recent accessible information, RR Kabel’s Initial public offering GMP mirrors a positive opinion among financial backers. The GMP, which addresses the contrast between the optional market cost and the Initial public offering issue cost, is remarkably on the higher side. This proposes strong interest for RR Kabel partakes in the dim market, demonstrating a huge degree of financial backer premium.
As previously stated, RR Kabel’s initial public offering (IPO) opens on September 13 and closes on September 15. The IPO’s price range starts at Rs. 983 to Rs. 1035. The size of RR Kabel’s IPO issue is Rs. 644,000 crores It is a book-built issue that will soon be available to traders who are interested. The premise of allocation after the end date will start on September 21, 2024, which is Thursday. On the following Friday, September 22, the refunds will be processed. Brokers will find shares credited to their Demat account by Monday, September 25.
RR Kabel IPO GMP Today
RR Kabel IPO GMP Today’s reputation and performance in the electrical cable and wire industry are probably to blame for this elevated GMP. The organization’s history of predictable development, market administration, and promising possibilities stand out of financial backers. Additionally, the positive outlook for the electrical industry as a whole has fueled interest in RR Kabel’s IPO.
Nevertheless, it is essential to approach GMP with caution. While a high GMP can be a mark of financial backer idealism, it can likewise indicate possible overvaluation. Investors should examine the company’s financials, competitive position, and growth potential in depth during their due diligence. In addition, it is essential to keep in mind that RR Kabel IPO GMP Today is unofficial and subject to rapid change. When deciding whether or not to participate in the RR Kabel IPO GMP Today, investors should rely on a variety of factors, including extensive research and expert advice.
RR Kabel IPO GMP Today Overview
| Article Title | RR Kabel IPO GMP Todaye |
| Name | RR Kabel IPO GMP |
| Handled by | Axis Capital, Citigroup Global Markets, HSBC Securities and JM Financial |
| Category | News |
| Year | 2024 |
RR Kabel IPO Issue Size
The absolute issue size of the RR Kabel is 18,975,938 offers. The company has disclosed that the offer for sale is for 17,236,808 INR 5 shares. There are 1,739,130 shares in the most recent RR Kabel offering, each worth up to INR 180 million. The IPO’s net proceeds will be used by RR Kabel to repay or prepay loans from various banks and financial institutions. Additionally, the net proceeds of the RR Kabel IPO will be utilized for company-wide goals.
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RR Kabel IPO Valuation
The complete valuation of RR Kabel is INR 1,964.01 Crores. Mahendrakumar Rameshwarlal Kabra, Tribhuvanprasad Rameshwarlal Kabra, Shreegopal Rameshwarlal Kabra, Kirtidevi Shreegopal Kabra, and Kabra Shreegopal Rameshwarlal HUF are the promoters of RR Kabel.
Investors can put money into RR Kabel for medium- to long-term investments based on its financial information. The enlistment center of RR Kabel is Connection Intime India Private Ltd, and the offers will be recorded on both BSE and NSE. In addition, investors can apply for this initial public offering through the website or mobile app of their stock broker.
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The offer cost of RR Kabel goes from INR 983 to INR 1035 for every offer. Additionally, each share has a face value of INR 5. After the RR Kabel Initial public offering is shut, the portion will be finished on September 21. On September 25, the RR Kabel Shares will be credited to the demat accounts of the investors who have been allocated them. The RR Kabel Initial public offering’s UPI Order deadline is 5 PM (September 15).
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RR Kabel IPO Lot Size
RR Kabel’s minimum Lot Size is 14 shares. This implies that 14 portions of RR Kabel are important to frame a great deal. As we probably are aware, financial backers can apply in various parcels for Initial public offerings. Consequently, the parcel sum is determined in light of number of offers in a ton and the cost of the offer.
| Lot | Share | Price |
| 1 | 14 | INR 14,490 |
| 13 | 182 | INR 188,370 |
| 14 | 196 | INR 202,860 |
| 69 | 966 | INR 999,810 |
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RR Kabel IPO Dates
Check every one of the significant dates related with the RR Kabel Initial public offering –
| Event | Date |
| Open Date | September 13 |
| Closing Date | September 15 |
| UPI Mandate cut-off time | 5 PM (September 15) |
| Allotment | September 21 |
| Refund initiation | September 22 |
| Credit of Shares | September 25 |
| Listing | September 26 |
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RR Kabel IPO Review
One of India’s leading manufacturers of residential, commercial, infrastructure, and industrial consumer electrical products is RR Kabel. The absolute resources of RR Kabel were uncovered to be about INR 2,633.62 Crores (toward the finish of Walk 31, 2024). At the end of March 31, 2022, these assets totaled approximately INR 2,050.64 billion.
At the end of March 31, 2024, it was reported that RR Kabel had a total net worth of INR 1,390.47 billion, and the company had approximately INR 914.15 billion in reserves and surplus. RR Kabel is exhibiting a steady growth line as a result of its excellent performance. Before investing in this upcoming IPO, investors can review RR Kabel’s financial information on its Red herring prospectus.
Conclusion
GMP (Grey Market Premium) for the RR Kabel IPO has been quite impressive today. The Grey Market Premium is the difference between the unofficial market price of a company’s shares and its IPO price. As of today, the GMP for RR Kabel IPO stands at Rs. 40-45 per share, indicating strong demand and investor confidence in the company. This premium suggests that investors are willing to pay a higher price for RR Kabel shares in the secondary market, which bodes well for the company’s future prospects. With its strong track record, robust financial performance, and promising growth opportunities, RR Kabel is poised to make a mark in the market. Investors are eagerly awaiting the IPO to capitalize on this exciting investment opportunity.
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