RR Kabel seeks to file IPO papers with Sebi in May next year

02 Jan 2023

RR Kabel plans to file draft prospectus papers with market regulator Sebi in May next year to launch their initial public offering (IPO). The wires, cables, and Fast Moving Electrical Goods (FMEG) manufacturer plans to go public between October to November of 2024. RR Kabel expects to record a 25% growth in revenue to ?6,000 crore by the end of the current financial year FY23.RR Kabel is part of RR Global, a conglomerate in the electrical sector with a presence in over 90+ countries globally. The company offers the widest range of premium wires and cables for various residential, commercial, industrial, and infrastructure purposes.MD & Group President Shreegopal Kabra told PTI that RR Kabel is planning to launch its IPO in the third quarter of 2023-24. He added that they plan for IPO in October-November of 2024, which will be subject to the market conditions, and for which they plan to file preliminary papers with Sebi in the first half of May of 2023.