RR Kabel, a leading wires and cables manufacturer in India and part of RR Global Group, plans to go public with an initial public offering (IPO) that will include fresh equity shares worth Rs 225 crore and an offer for sale of over 1.72 crore shares by promoters and other shareholders, including TPG Capital. Proceeds from the offering will be used to pay down debt. The company reported revenues of Rs 4,386 crore for FY22 and has a market share of 8%. The book-running lead managers are Axis Capital, HSBC Securities and Capital Markets, Citigroup Global Markets India, and JM Financial.
