RR Kabel, electronic goods manufacturer plans to file DRHP with market regulator SEBI in May 2023 to float their initial public offering (IPO). The company is backed by the US-based private equity firm- TGP Capital.
The company has hired Axis, JM Financial, Citi Bank and HSBC as merchant bankers to run the listing process. The wires, cables, and Fast Moving Electrical Goods (FMEG) manufacturer plans to go public between October to November of next year.
The US private equity giant TGP Capital acquired the minority stake in RR Kabel for about Rs 650 crore, valuing the firm at around Rs 3,000-3,250 crore. The company has its presence in more than 90 countries. Hence, the proposed IPO likely to value company at Rs 14000-15000 crore.
TGP Capital will sell around 10-11% of its stake of the company and rest will be fresh issue of equity shares.
As we talk about the comapny, it offers array of premium wires and cables for residential, commercial, industrial, and infrastructure purposes. It also sells fans, lights and appliances. RR Kabel posted revenue of ₹4,800 crore in the fiscal year 2022.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.