Private Equity

Liquidity Events

Cables & wires maker R R Kabel's Rs.1,964-Cr IPO oversubscribed 19 times

Mint  

The initial public issue of Mumbai-based cables and wires maker RR Kabel received an overall subscription of 18.69 times the shares on offer. The INR 1,964 crore IPO comprises a fresh issue of INR 180 crore and an offer for sale (OFS) of up to 1.72 crore equity shares. In the OFS portion, PE investor TPG Asia VII SF Pte Ltd was to offload 1.29 crore equity shares. The price band is INR 938-1,035 per share.

From the Venture Intelligence PE-VC Deal Database: In Sep 18, RR Kabel had raised over USD 85 M from TPG Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)