R R Kabel Limited | Globe Capital Market LTD.
R R Kabel Limited
Price Band
₹983 to ₹1035 per share
IPO Issue Period
13, Sep 2023 to 15, Sep 2023
Issue Size
₹1,964.01 Cr
Face value
₹5 per share
Fresh issue
₹180.00 Cr
Offer for sale
₹1,784.01 Cr
Minimum Shares for Retail
Listing on
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Tuesday, September 26, 2023

Axis Capital Limited
Citigroup Global Markets India Private Limited
Hsbc Securities & Capital Markets Pvt Ltd
Jm Financial Limited

RR Cable is one of the leading companies 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. R R Kabel has two broad segments:

Wires and cables including house wires, industrial wires, power cables, and special cables; and FMEG including fans, lighting, switches, and appliances.

The company undertakes the manufacturing, marketing, and sale of wires and cable products under ‘RR Kabel’ brand, and fans and lights under the ‘Luminous Fans and Lights’ brand.

In 2020, R R Kabel acquired Arraystorm Lighting Private Limited and obtained light emitting diode (LED) lights and related hardware business (LED Lights Business) along with its trademarks and design certificates, to expand their portfolio to cover office, industrial, and warehouse spaces. In 2022, the company acquired the home electrical business (HEB) of Luminous Power Technologies Private Limited, and obtained a limited and exclusive license to use the Luminous Fans and Lights brand for fan and light products for a maximum period of four years with a one-time option to further renew the license for a period of three months and, that includes a right to use 61 registered trademarks, and a portfolio of lights and premium fans, to strengthen our FMEG portfolio.

The company has two manufacturing units located at Waghodia, Gujarat, and Silvassa, Dadra and Nagar Haveli, and Daman and Diu which primarily carry out manufacturing operations of wire and cables and switches. Apart from that, it owns and operates three integrated manufacturing facilities which are located at Roorkee, Uttarakhand; Bengaluru, Karnataka; and Gagret, Himachal Pradesh, which carry out manufacturing operations in respect of FMEG products. Its clientele comes from both the domestic market and international markets. In the last three months ending June 30, 2023, 71% of its revenue from operations came from the wires and cables segment; and 97% of the revenue from operations came from the FMEG segment, from the B2C channel.

For year/ period ended ( in Cr.)

H1FY23 FY22 FY21
Total Revenue 5,633.64 4,432.22 2,745.94
Profit After Tax 189.87 213.94 135.40
EPS 17.09 19.26 12.19
OPM (%) 4.54% 6.42% 6.60%
PATM (%) 3.37% 4.83% 4.93%


  • Scaled B2C business in the large and growing wires and cables industry;
  • Diverse suite of products driven by our focused research and development efforts with global certifications and accreditations;
  • Extensive domestic and global distribution network
  • Well recognized consumer brands; and
  • Technologically advanced and integrated precision manufacturing facilities.
  • Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions.
  • General corporate purposes.

At the upper band of Rs. 1035, the Company is valued at 60.05 times. Hence, investor can subscribe this IPO for long term perspective.

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