iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

RR Kabel Shares Soar on Market Debut, Closing 16% Higher

20 Sep 2023 , 07:41 PM

Despite a significant downturn in the equity markets on September 20, RR Kabel shares had an impressive debut, closing the day with a remarkable gain of nearly 16%. 

The stock opened strongly, starting at a 14% higher price of Rs 1,180, as anticipated. While it briefly retreated from its peak during morning trade, touching an intraday low of Rs 1,136.80 on the NSE, it managed to recover these losses as the day progressed. In the final hours of trading, RR Kabel shares reached their highest point of the day at Rs 1,212.70.

By the end of the trading session, the stock settled at Rs 1,198, marking an impressive 15.75% increase over its issue price of Rs 1,035. The trading volume amounted to 1.5 crore equity shares. On the BSE, the closing price was Rs 1,196.65, up 15.62%, with a trading volume of 8.84 lakh shares.

During the public issue, which took place from September 13 to 15, the Gujarat-based company successfully raised Rs 1,964.01 crore. The offering had a price band set at Rs 983-1,035 per share.

RR Kabel, backed by the global private equity firm TPG, operates in two primary segments. The first is wires and cables, which accounted for 71% of its revenue in the quarter ending June FY24. The second segment is FMEG (fast moving electrical goods), which includes products such as fans, lights, switches, and appliances.

Related Tags

  • RR Kabel IPO
  • RR Kabel listing price
  • RR Kabel share price
  • RR Kabel shares
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

SBI Card Q4 Profit Slips 20%
25 Apr 2025|11:17 PM
HUL Q4 Net Profit Rises to ₹2,493 Crore
25 Apr 2025|10:59 PM
Sensex and Nifty in Red on April 25, 2025
25 Apr 2025|02:08 PM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

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)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.