RR Kabel IPO

RR Kabel Limited, a well-established wire and cable manufacturer with a strong brand and quality products, made its stock market debut today. It listed at ₹1,180 per share, 14 percent higher than its IPO price of ₹1,035, becoming the first IPO to list under the T+3 cycle. Despite the high valuation and the fact that most of the issue was an offer for sale, the IPO was well-received by investors, with a subscription of 18.69 times. The stock witnessed a decent listing today. Now our suggestion to investors is to exit the position after booking listing gain, however, those who want to hold it should maintain a stop loss at ₹1,065," advised Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.Read more:

1. RR Kabel lists at 14% premium to IPO price: Is it the right time to buy the stock? - Mint
2. RR Kabel lists at 14% premium: Should you hold, buy, or book some profit? - MoneyControl
3. RR Kabel Makes Stock Market Debut With 14% Premium - Free Press Journal
4. RR Kabel makes stock market debut with 14 pc premium - MSN
5. RR Kabel की 14% प्रीमियम पर लिस्टिंग, मुनाफा बुक कर लें या अभी करें होल्ड? - MoneyControl (Hindi)