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RR Kabel IPO: Investors will get a chance to make money! Cable making company will bring IPO

New Delhi. Investors are going to get another opportunity to earn in the stock market. Actually, the cable making company RR Kabel is preparing to bring its initial public offering ie IPO. RR Cable, a company of RR Global Group, will file preliminary documents with the capital market regulator Securities and Exchange Board of India (SEBI) in May next year.

Target to raise revenue of Rs 11,000 crore
RR Global’s Managing Director and Group President Shrigopal Kabra told PTI that RR Cable plans to launch its IPO in the third quarter of 2023-24. He said that by 2025-26, the company aims to almost double the business in the next three years i.e. Rs 11,000 crore.

read this also- Foreign investors’ buying increased in the stock market, FPI invested ₹ 36,329 crore in November

Documents will be submitted to SEBI in May
Kabra told that the documents will be submitted to SEBI in May for the IPO to come by October-November 2024. He told that the revenue of RR Cable was around Rs 4,800 crore in 2021-22 and by the end of the current financial year it is estimated to be around Rs 6,000 crore with an increase of about 25 per cent.

Also read- Investor wealth of 8 out of top 10 Sensex companies increased by Rs 1,15,837 crore, who made the most profit?

Signature Global plans to launch ₹1,000 crore IPO by December end
At the same time, real estate company Signature Global can bring its Rs 1,000 crore IPO by the end of this month. Signature Global (India) Ltd. Has got approval for IPO from SEBI on 24th November. The company had submitted the IPO documents to SEBI in July. Sources said that the company will soon submit the draft of new updated documents, as it intends to enter the capital market by the end of this month.

Tags: IPO, SEBI, share market

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