R R Kabel Ltd IPO GMP Price, Date, Review Details – IPO Upcoming

Exciting News Alert! The RR Kabel Ltd IPO is creating quite a buzz in the market. Wondering about the GMP (Grey Market Premium) for RR Kabel IPO? Let's dive in!

In this review, we'll explore the RR Kabel IPO GMP today, and provide you with valuable information to make an informed investment decision.

Incorporated in 1995, R R Kabel Limited provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.

In the RR Kabel IPO, the company has reserved not more than 50% of the shares for Qualified Institutional Buyers (QIB) and 15% for Non Institutional Investors (NII), while 35% of the offer is reserved for Retail Investors.

The company has also reserved 1.15 lakh shares for its employees and is offering shares to them at a discount of ₹98 per share to the final offer price.

RR Kabel IPO Subscription Status

RR Kabel IPO has been subscribed 18.69 times so far on Friday, the third and the last day of the bidding process. The public issue received bids for 24,88,92,434 shares against 1.33 crore equity shares on offer, according to data from the BSE till 17:26 IST.

The retail investors’ portion was subscribed 2.13 times, the NII portion was booked 13.23 times, while the employee portion was subscribed 2.69 times. The QIB quota was subscribed 52.26 times so far.

RR Kabel IPO details

The ₹1,964.01 crore worth RR Kabel IPO opened for public subscription on September 13 and will close today. It comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.