RR Kabel IPO Allotment Status:- On September 13, 2023, the RR Kabel IPO officially start, and it conclude on September 15, 2023. The RR Kabel IPO will raise about $1964 crores. Retail quota is 35%, NII is 15%, and QIB is 50%. For equity shares, the fix price range is between 983 and 1035.
The RR Kabel IPO Allotment Status is anticipate on September 21, 2023. Shares will be credit to your demat account on September 25, 2023, and refunds will begin on September 22, 2023. A propose listing date for the company’s shares on the BSE and NSE is Tuesday, September 26, 2023.
RR Kabel IPO Allotment Status
A maximum of 50% of the shares in the RR Kabel initial public offering (IPO) have been reserve by the company for qualified institutional buyers (QIB), 15% have been put aside for non-institutional investors (NII), and 35% have been reserve for retail investors. Additionally, 1.15 lakh shares have been set aside by the company for its employees, who are being offer shares at a discount of 98 rupees per share off the final offer price. The company has reserve 10.8 crore rupees worth of shares in the RR Kabel IPO for its employees.
In contrast to the 1,33,17,737 shares that were made available, 32,85,534 bids were receive for the RR Kabel IPO. In contrast to the 66,01,237 shares that were up for sale in this portion of the RR Kabel IPO Allotment Status, bids for 23,93,762 shares were receive from retail investors. Bids for 8,18,258 of the 28,29,102 shares offer to non-institutional investors in the RR Kabel IPO were receive. The QIBs sector receive bids for 7,084 shares in the RR Kabel IPO, compare to the 37,72,137 shares that were initially offer. Although 1,15,261 shares were made available, only 66,430 shares were purchase for the employee portion.
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RR Kabel IPO Allotment Status Details
| Name of the Company | R R. Kabel |
| Article Name | RR Kabel IPO Allotment Status: When And Where To Check It Online? |
| IPO Opens | September 13, 2023 |
| Category | Government Scheme |
| IPO Closes | September 15, 2023 |
| Face value | Rs. 5/share |
| Share Price | Rs. 983 – Rs. 1,035/share |
| 1 Lot | 14 Shares |
| Total Size | Rs. 1,964.01 Crores |
| Offer for sale | Rs. 1,784.01 Crores |
| Listing | NSE, BSE |
| Allotment Date | September 21, 2023 |
| Refunds | September 22, 2023 |
| Listing Date | September 26, 2023 |
| Website of the Company | www.rrkabel.com |
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RR Kabel IPO GMP
The most likely culprit for this enhanced GMP is the IPO GMP reputation and performance of RR Kabel in the electrical cable and wire industry. Investors have been drawn to the firm due to its track record of steady development, leadership in the sector, and bright future. GMP must be approached with caution. While high GMPs may indicate investor confidence, they may also indicate potential overvaluation. Investors should conduct extensive due diligence, assessing the firm’s financials, competitive landscape, and development possibilities. Additionally, keep in mind that RR Kabel IPO GMP Today is unofficial and subject to quick modification. Investors should think carefully before participating in the RR Kabel IPO Allotment Status and take professional advice into account, among other things.
RR Kabel IPO GMP Valuation
The RR Kabel IPO Allotment Status Valuation reveals interesting investor sentiment. Prior to listing, investors can be more prepared to pay more for the company’s secondary market shares with a high GMP. The competitive advantage, ongoing expansion, and market potential of RR Kabel in the electrical cable and wire sector may help to explain this premium.
AOP GMP Raul Kabel Care is necessary for valuation. High GMPs may be a sign of overvaluation, but investor confidence is. Investors should look at the company’s finances and development potential to determine the premium. To participate in RR Kabel’s IPO and ensure that the valuation accurately reflects the company’s worth, a basic understanding is required.
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How To Check RR Kabel IPO Allotment Status Online?
- Visit the BSE/NSE website or the official website of the registrar.
- Enter your PAN card information or application number.
- To check the status of your allocation, complete the form below.
- Additionally, you may check for changes via your email alerts and demat account.
- If allocation is given to you, shares will be added to your demat account. You’ll get your application fee back if it isn’t approved.
Objects Of The Issue
The company intends to fund the following using the net funds from the offering: –
- Repayment or payback of loans taken out by banks and other financial institutions.
- overall company objectives.
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RR Kabel IPO Review
The RR Kabel IPO GMP Review gives less attention to stock performance and investor sentiment. Recent data indicates that RR Kabel’s IPO GMP has attracted interest and that there is a significant secondary market demand for its shares. Interest has grown as a result of RR Kabel’s dominant position in the electrical cable and wire industry, its steady development, and the promising future of the industry.
However, this GMP evaluation must be taken seriously. A high RR Kabel IPO Allotment Status GMP Review might be a sign of market confidence or overvaluation. Investors should research the company, evaluate its finances, and think about their goals before participating in the IPO. They must comprehend the GMP drivers in order to form informed judgements and fit the product to their investing strategy and risk tolerance.
RR Kabel IPO Allotment Status FAQ’S
Can we check IPO allotment status?
You can check the allotment status on the registrar’s website. To check the Zaggle IPO allotment status, visit the registrar’s website here. Click on ‘Company Selection’ and then select ‘Zaggle’.
When is IPO allotment status?
IPO allotment status is available online within one week of the public issue closing date. The allotment is announced by the registrar of the IPO.
How do I check my IPO allotment status on grow?
Go to the website’s IPO status page, you will see a drop-down menu that says ‘Select Menu’. Select the IPO allotment status that you want to check. Choose one of the three identity options—Application Number, DPID/Client ID, or PAN. Select the Application type.
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