RR Kabel IPO, RR Kabel IPO subscription status: Consumer electrical company RR Kabel’s initial public offer (IPO), received bids for 24,88,98,328 shares against the 1,33,17,737 shares on offer, an overall subscription of 18.69 times on final day. While the portion reserved for qualified institutional buyers (QIBs) received bids 52.26 times, the non-institutional investor category was booked 13.23 times and the portion meant for retail investors was subscribed 2.13 times on day 3. 

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RR Kabel IPO estimated to be worth Rs 1,964 crore, opened for subscription on Wednesday, September 13. The bidding process for the public offer, comprising fresh issuance worth Rs 180 crore and an offer for sale (OFS) worth Rs 1,784 crore by promoters and existing shareholders, will conclude on Friday, September 15. Here are a few important details to know about the RR Kabel IPO:

RR Kabel IPO review: Should you subscribe to it? Here is what Anil Singhvi suggests

Zee Business Managing Editor Anil Singhvi said that investors can apply for the IPO for the long term. He lists out the following negatives and positives: 

Positives:

  • Experienced management
  • Strong leadership and brand
  • Impressive revenue growth
  • Strong financials

Negatives:

  • Family owned business
  • Margins lowest among peers
  • Capacity utilisation is already near 75 per  cent
  • Valuations are not very attractive

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