Last Updated on September 18, 2024 by Wenivesh Team
Here we will be providing information related to RR Kabel Share Price Today, RR Kabel IPO Overview and other details about the RR Kabel IPO.
RR Kabel Limited is a leading manufacturer of wires and cables in India. It offers a wide range of products, including power cables, control cables, communication cables, and building wires. The company has a strong presence in the domestic market and also exports its products to over 30 countries.
RR Kabel IPO
RR Kabel IPO opened on September 13, 2023, and closed on September 15, 2023. The issue was priced at ₹983 to ₹1035 per share. The IPO was subscribed 1.2 times, with the retail portion subscribed 1.5 times.
RR Kabel Share Price Today and IPO Overview In 2023
RR Kabel IPO Overview | Details |
---|---|
Issue type | Main-board IPO |
Issue size | 18,975,939 equity shares of the face value of ₹5 aggregating up to ₹1,964.01 Crores |
Price band | ₹983 to ₹1035 per share |
Minimum lot size | 14 shares |
Minimum investment amount for retail investors | ₹14,490 |
Minimum lot size investment for sNII | 14 lots (196 shares), amounting to ₹202,860 |
Minimum lot size investment for bNII | 70 lots (980 shares), amounting to ₹1,014,300 |
Issue period | September 13-15, 2023 |
Allotment date | September 21, 2023 |
Listing date | September 26, 2023 |
Exchanges listed on | BSE, NSE |
RR Kabel Share Price Today
RR Kabel shares made their debut on the stock exchanges on September 20, 2023, and listed at a premium of 8.5%. The shares have since traded in a range of ₹1035 to ₹1150.
RR Kabel IPO Analysis
RR Kabel IPO was a success, with the issue subscribed 1.2 times. The company has a strong track record of growth and profitability. It is also a market leader in the wires and cables industry. However, the company faces stiff competition from other domestic and international players.
Also Read : Zomato Share Price History, Current Price Live, Targets And Risk
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RR Kabel Share Price Outlook
RR Kabel share price is likely to remain volatile in the short term. However, in the long term, the company’s strong fundamentals and market leadership are likely to drive its share price higher.
Here are some additional things to consider before investing in RR Kabel shares:
- The company’s valuation is on the higher side compared to its peers.
- The company faces stiff competition from other domestic and international players.
- The company’s export revenue is vulnerable to global economic conditions.
Investment Disclaimer
Investors who are interested in investing in RR Kabel IPO should carefully consider the company's fundamentals, the industry outlook, and their own risk appetite.
For more detailed information about Zomato Ltd and other stock market companies visit NSE official website.
Hope our blog on the “RR Kabel Share Price Today and IPO Overview In 2023” Journey was helpful to you !!