The RR Kabel IPO is set to be listed on September 20, 2023. According to a notice from the BSE, the equity shares of R R KABEL LIMITED will be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities, effective from Wednesday, September 20, 2023. The RR Kabel IPO listing price will be available at 10:00 AM during Wednesday’s special pre-open session.
Market experts anticipate a moderate response from investors in categories other than QIB (Qualified Institutional Buyers) for the RR Kabel IPO. However, they expect the public issue to benefit from the ongoing bullish trend in the Indian stock market. The listing price of RR Kabel shares may vary depending on market conditions. If the Indian stock market continues its rally, RR Kabel shares may list at around ₹1,320. In the case of profit-taking, the listing may occur around ₹1,200 per share. Nonetheless, experts maintain that the RR Kabel listing price is expected to be higher than the IPO price range of ₹983 to ₹1,035 per share. They anticipate a “moderate” premium for the listing.
The grey market is also expecting a moderate listing for RR Kabel IPO shares. Shares of RR Kabel are reportedly available at a premium of ₹103 in the grey market. This indicates that the grey market premium (GMP) for RR Kabel IPO today is ₹103.
In summary, experts predict a moderate premium for the RR Kabel IPO listing, with expectations of a listing price between ₹1,200 and ₹1,320 per share. The IPO’s strong demand from QIBs and positive sentiment in the secondary market are contributing factors to this outlook. However, investors should be aware that RR Kabel offered a significant portion of its shares through the OFS (Offer for Sale) route, which has raised some concerns and may impact retail demand.
