R R Kabel IPO
R R Kabel Limited (RRKABEL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 20 September 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +2.1% (likely range -7% to +10%), day's high +10.6%, chance of a gain 50%. Actual: +14.0% at the open, +17.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 37,72,137 | 19,71,19,622 | 52.3x | |
| NII (HNI) total | 28,29,102 | 3,74,30,694 | 13.2x | |
| Big NII (above ₹10 lakh) | 18,86,068 | 2,95,76,764 | 15.7x | |
| Small NII (₹2-10 lakh) | 9,43,034 | 78,53,930 | 8.33x | |
| Retail | 66,01,237 | 1,40,38,192 | 2.13x | |
| Employees | 1,15,261 | 3,09,820 | 2.69x | |
| Total | 1,33,17,737 | 24,88,98,328 | 18.7x |
Bids on NSE and BSE together, as published by NSE, as of 15 Sep 2023, 07:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to R R Kabel's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| Bandhan BankMar 2018 | 38.7x | 13.9x | 1.20x | 14.6x | ₹4,473 Cr | +33.1% | +33.1% |
| Uniparts IndiaDec 2022 | 67.1x | 17.9x | 4.63x | 25.3x | ₹836 Cr | -0.3% | 0.0% |
| Aptus Value Housing Finance IndiaAug 2021 | 32.4x | 33.9x | 1.35x | 17.2x | ₹2,780 Cr | -5.7% | +0.5% |
| Bikaji Foods InternationalNov 2022 | 80.6x | 7.10x | 4.77x | 26.7x | ₹881 Cr | +7.6% | +11.6% |
| PB FintechNov 2021 | 24.9x | 7.82x | 3.31x | 16.6x | ₹6,224 Cr | +17.4% | +27.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| HSBC Securities and Capital Markets (India) | 15 | +8.3% | 87% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the R R Kabel IPO price band and lot size? ₹983–1,035 per share, with a lot of 14 shares, so the smallest retail bid is ₹14,490.
How many times has it been subscribed? 18.7x overall: QIB 52.3x, NII 13.2x, retail 2.13x, employees 2.69x.
How did it list? It opened at ₹1,180, +14.0% against the issue price of ₹1,035, and closed its first day +15.8%.
