RR Kabel share price debuts at 14% premium at ₹1,180 on NSE

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₹1,180 per share, 14% higher than the issue price of ₹1,035, and on the BSE, RR Kabel share price was listed at ₹1,179 per share. RR Kabel IPO opened for subscription on Wednesday, September 13, and closed on Friday, September 15. RR Kabel price band was fixed in the range between ₹983 to ₹1,035 per equity share of face value of ₹5 each.

RR Kabel IPO Subscription Status on day 3 was 18.69 times.The retail investors’ portion was subscribed 2.13 times, the NII portion was booked 13.23 times, while the employee portion was subscribed 2.69 times. The QIB quota was subscribed 52.26 times. RR Kabel IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

In the RR Kabel IPO, the company has reserved ₹10.8 crore worth shares for its employees. It is offering shares to employees at a discount of ₹98 per share to the final offer price. RR Kabel has raised ₹585 crore from anchor investors a day ahead of its IPO subscription opening for bidding.

Also Read: RR Kabel IPO listing date today. GMP, experts predict listing price at 'moderate' premium At the upper end of the price band, RR Kabel IPO aims to raise ₹1,964.01 crore from the IPO. The IPO comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.