DelhiDesk RR Kabel, India’s fifth largest branded wire and cable company, has filed a draft paper with the market regulator SEBI for its IPO. The company plans to issue fresh shares worth Rs 225 crore and offer up to 17,236,808 Equity Shares of face value of Rs 5 each under Offer for Sale. The funds raised will be used to repay an estimated Rs 170 crore of debt taken by the company from banks and financial institutions. TPG Asia VII SF Pte Ltd, a US-based private equity firm, holds a 20.99% stake in RR Kabel and will sell some of its stake in the company through the IPO. RR Kabel achieved a revenue of Rs 4,386 crore in FY22 and is the fastest growing consumer electrical company in India, growing at a CAGR of 33% between FY20 and FY22.
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👉 RR Kabel, India’s fifth largest branded wire and cable company, is bringing its IPO
👉 Fresh shares worth Rs 225 crore will be issued under this IPO
👉 Up to 17,236,808 Equity Shares of face value of Rs 5 each will be offered under Offer for Sale
👉 The fund will be used to repay an estimated Rs 170 crore of debt taken by the company from banks and financial institutions
👉 TPG Asia VII SF Pte Ltd, a US-based private equity firm, holds 20.99% stake in RR Kabel and will sell some of its stake in the company through an IPO
👉 The company has achieved a revenue of Rs 4386 Crore in FY22
👉 RR Kabel is the fastest growing consumer electrical company among peers in India, growing at a CAGR of 33% between FY20 and FY22
👉 Axis Capital, HSBC Securities & Capital Markets (India), Citigroup Global Markets India, and JM Financial are the book-running lead managers to the issue.
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