The RR Kabel IPO has a fresh issue of up to Rs 180 crore and an offer for sale of up to 1,72,36,808 equity shares. Price range for the offer is Rs 983-1,035 per share. At the upper end of the price band, the issue will fetch up to Rs 1,964 crore.
About 50% of RR Kabel IPO is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 35% for retail investors.
The company has fixed a price band of 938-1035 per share, where investors can bid for 14 shares in one lot. RR Kabel is a leading player in the Indian consumer electrical industry comprising wires and cables and fast-moving electrical goods (FMEG), with an operating history of over 20 years in India.
RR Kabel IPO: The global private equity firm TPG-backed company has finalised allocation of 56,58,201 equity shares to anchor investors at a price of Rs 1,035 per share.
R R Kabel IPO: The price band of the offer has been fixed at Rs 983 to Rs 1,035 per equity share. The floor price is 196.60 times and the cap price is 207.00 times the face value of the equity shares.