Regarded as one of the top fast-moving electrical goods (FMEG) of the country, RR Kabel IPO has opened for subscription on Wednesday, September 13. Known for manufacturing top-class wires and cables, RR Kabel is a ruling brand in the electrical industry.As of March 31, 2023, RR Kabel had the fifth-largest market share by value in Indias wires and cables business, according to Red Herring Prospectus (RHP). In 2022, RR Kabel was one among Indias top exporters of wires and cables in terms of value, making up around 9% of all exports from that year. The other companies include Havells India Ltd, Polycab India Ltd, KEI Industries Ltd, Finolex Cables Ltd, V-Guard Industries Ltd, Crompton Greaves Consumer Electricals Ltd and Bajaj Electricals Ltd.Meanwhile, RR Kabel IPO, on the basis of allotment of shares, will be finalised on Thursday, September 21 and the company will initiate refunds on Friday,September 22. The shares will be credited to the demat account of allottees on Monday, September 25. RR Kabel IPO shares are likely to be listed on BSE and NSE on Tuesday, September 26.
