Upcoming IPO: This month many companies are preparing to bring their IPO. Now the name of the company of RR Cable Group has also come in the news. Let us tell you that this company produces wire and cable and has also started preparing to bring its initial public offering very soon. According to reports, the company is likely to file its preliminary documents with SEBI in May next year. Can open its IPO to investors in November or December next year.
According to the information received, the company’s revenue in 2021-22 was recorded up to Rs 4,800 crore. However, by the end of the current financial year, it may reach Rs 6,000 crore with a growth of about 25 per cent. The company has also made a big plan regarding the IPO. According to a PTI report, Shrigopal Kabra, managing director and group president of RR Global, said that the IPO could come by the third quarter of 2023-24. The company is also planning to almost double the turnover by 2025-26.
Talking about RR Cable, its hold is very strong in Kerala, MP, UP, Haryana, Punjab, Gurat and Tamil Nadu. Which the company is planning to spread to Andhra Pradesh, Karnataka and Telangana. Till now, more information related to this IPO has not been revealed.
Disclaimer: The purpose of this news is only to educate. MP Breaking News does not recommend investing in any plan or scheme. This can be risky. Do take the advice of experts.