Initial public offer of 18,986,851* equity shares of face value of Rs. 5 each ("Equity Shares") of R R Kabel Limited ("Company") for cash at a price of Rs. 1035^ per equity share (including a premium of Rs. 1,030 per equity share) ("Offer Price") aggregating to Rs. 1964.01 crores* (the "Offer") comprising a fresh issue of 1,750,043* equity shares aggregating to
Rs. 180.00 crores* by the company ("Fresh Issue") and an offer for sale of 754,417* equity shares aggregating to Rs. 78.08 crores* by Mahendrakumar Rameshwarlal Kabra, 754,417* equity shares aggregating to Rs. 78.08 crores* by Hemant Mahendrakumar Kabra, 754,417* equity shares aggregating to
Rs. 78.08 crores* by Sumeet Mahendrakumar Kabra, 707,200* equity shares aggregating to Rs. 73.20 crores* by Kabel Buildcon Solutions Private Limited, 1,364,480* equity shares aggregating to Rs. 141.22 crores* by Ram Ratna Wires Limited and 12,901,877* equity shares aggregating to
Rs. 1335.34 crores* by TPG Asia Vii sf Pte. Ltd. (collectively the "Selling Shareholders") (such equity shares offered by the selling shareholders, the "Offered Shares").
The offer includes a reservation of 115,261* equity shares, aggregating to Rs. 10.80 crores (constituting 0.10% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The company and investor selling shareholder, in consultation with the book running lead managers, has offered a discount of Rs. 98 per equity share to eligible employees bidding under the employee reservation portion ("Employee Discount"). The offer and net offer constitute 16.83% and 16.73% of the post-offer paid-up equity share capital of the company, respectively.
The face value of equity shares is Rs. 5 each. The offer price is 207.00 times the face value of the equity shares.
^A discount of Rs. 98 per equity share was offered to eligible employees
bidding in the employee reservation portion.
*Subject to finalisation of basis of allotment.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
13-Sep-2023
15-Sep-2023
₹ 1,035.00
₹ 0.00
Minimum Application for shares in Nos : 14.0
Further Multiples of : 14.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
170.24
Axis Capital Ltd
Project Financed through Current Offer
1,964.01
Post Issue Equity Share Capital
56.41
Issue Price
₹1,035.00
Projects
Repayment or prepayment in full or in part of borrowings availed by the company from banks and financial institutions