RR Kabel to become first IPO company to list under T+2 timeline

Following a successful subscription phase, RR Kabel is on track to finalize the listing of its equity shares on stock exchanges by September 20. This achievement positions RR Kabel as the inaugural IPO firm to complete its listing within the T+2 timeline.

In accordance with this regulation, an IPO firm is obligated to conclude its listing procedures within three working days following the closure of the IPO. The issue price for the current public offering has been set at Rs. 1035/- per share, which includes a Face Value of Rs. 5/- and a premium of Rs. 1030/-. JM Financial has been appointed as the Post Issue Banker for RR Kabel Limited\’s IPO.

A notification released by the BSE on Monday conveys, \”Trading Members of the Exchange are hereby informed that effective from Wednesday, September 20, 2023, the equity shares of R R KABEL LIMITED shall be listed and admitted to trading on the Exchange within the \’B\’ Group of Securities.\”

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