Impressively, R R Kabel completed its IPO within two days of the subscription period closing, with a robust subscription rate of 18.69 times on the final day.
Get latest articles and stories on Latest News at LatestLY. Shares of wires and cables manufacturer R R Kabel Ltd on Wednesday listed with a premium of 14 per cent against the issue price of Rs 1,035. Latest News | R R Kabel Shares Debut with 14 Pc Premium.
Shares of wires and cables manufacturer R R Kabel Ltd on Wednesday listed with a premium of 14 per cent against the issue price of Rs 1,035.
The stock made its debut at Rs 1,179, up 13.91 per cent from the issue price on the BSE. Later, it jumped 15.75 per cent to Rs 1,198.05.
At the NSE, it
HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, HDFC Life Insurance Company, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, Elara India Opportunities Fund, and Government Pension Fund Global are among the anchor investors.
The company has allocated 56,58,201 equity shares to 54 entities at an average price of Rs 1,035 apiece, according to a circular uploaded on the BSE website.