RR Kabel plans to float its IPO in October or November next year

5 Dec 2022 , 11:34 AM

RR Kabel intends to begin its initial public offering in May of next year by submitting draft prospectus documents to market regulator Sebi (IPO).

The manufacturer of wires, cables, and Fast Moving Electrical Goods (FMEG) intends to go public in the fall of 2024, most likely in October or November. By the end of the current fiscal year, FY23, RR Kabel anticipates a 25% increase in revenue to 6,000 crores.

RR Kabel is a component of RR Global, an electrical conglomerate with operations in more than 90 countries worldwide. The business provides the most comprehensive selection of high-quality wires and cables for a variety of residential, commercial, industrial, and infrastructure applications.