RR Kable IPO Listing Information

This company was started in 1995 with the name Ram Ratna Agro-Plast Limited, but its name was changed to RR Kabel in 2000.

RR Kabel is in the Wires & Cables and FMEG segments and is the fifth largest company in the Wires & Cables market in the country with 5% market share.

The share was trading at Rs 1180 on NSE and Rs 1179 on BSE, while the issue price was Rs 1035. That means it is listed on the share market at a 14% premium.

Market guru Anil Singhvi has suggested a stoploss of Rs 1075 for short term investors.

IPO opens: 13 to 15 September, listing date: 26 September, issue price: Rs 1035 per share

The company has a strong distribution network of 114,851 retailers, 3,656 dealers and 3,450 distributors.

Total income in Q1FY24 was Rs 1597 crore and profit was Rs 74 crore.

This was information about ''RR Kable Company'' and its IPO listing.