Wires & Cables / Electrical - Listed on 20 September 2023
R R Kabel (Wires & Cables / Electrical) closed its IPO window in 2023 and listed on NSE and BSE on 20 September 2023 at an upper band issue price of Rs 1035, opening at Rs 1180 for a listing gain of +14.0% and closing day one at Rs 1198.05 (+15.8% on closing basis). The IPO was subscribed 18.69x overall - QIB 52.26x, HNI/NII 13.23x, Retail 2.12x. The total issue size was available on this page. IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Wires & Cables / Electrical
R R Kabel operates in the Wires & Cables / Electrical space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The R R Kabel issue was offered at an upper price of Rs 1,035 and raised approximately - crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 230 | +22.22% |
| Day 2 | Rs 210 | +20.29% |
| Day 3 | Rs 200 | +19.32% |
| Day 4 | Rs 175 | +16.91% |
| Day 5 | Rs 130 | +12.56% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the R R Kabel IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
R R Kabel IPO listed at +14.0% versus the upper issue price of Rs 1,035 on 20 September 2023.
R R Kabel IPO was subscribed 18.69x overall. QIB portion was subscribed 52.26x, HNI / NII 13.23x and Retail 2.12x.
IPO GMP started at Rs 230 on Day 1 and moved to Rs 130 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.