TPG Capital-backed wires and cables manufacturer RR Kabel has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an offer for sale (OFS) of over 1.72 crore equity shares by promoters and other shareholders.

The company proposes to utilise the net proceeds to the tune of Rs 170 crore from fresh issues to pare down, in full or in part, debt availed from banks and financial institutions. Axis Capital, HSBC Securities and Capital Markets (India), Citigroup Global Markets India, and JM Financial are the book-running lead managers to the issue. 

RR Kabel, part of RR Global Group, is a leading company in the Indian consumer electrical industry comprising wires and cables and fast-moving electrical goods.


RR Kabel Ltd. Share Price

1380.85 -18.15 (-1.30%)
23-Dec-2024 14:06 View Price Chart
Peers
Company Name CMP
Polycab India 7091.85
KEI Industries 4193.95
RR Kabel Ltd. 1380.85
Sterlite Technologie 117.50
Finolex Cables 1162.10
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