Rishabh Instruments Limited
Mainboard₹14,994 / 34 Shares
Rishabh Instruments Limited IPO Details
The Rishabh Instruments Limited IPO price band is set between ₹418-441 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 30 Aug, 2023 and closes on 1 Sep, 2023. Investors can check the allotment status on 6 Sep, 2023, while the listing date is tentatively scheduled for 11 Sep, 2023.
The total issue size is Total ₹490.78 Cr :#Fresh Issue : 1,700,680 shares, aggregating up to ₹75.00 Cr. Stay tuned for the latest Rishabh Instruments Limited IPO review and GMP updates.
Rishabh Instruments Limited IPO Review, Rating & Analysis
Rishabh Instruments Limited IPO Review
NO REVIEWRishabh Instruments Limited IPO Rating
Rishabh Instruments Limited IPO Highlights
IPO Date
Aug 30, 2023 - Sep 1, 2023
Listing Date
11 Sep, 2023
Face Value
₹10 Per Equity Share
Price Band
₹418-441 per equity share
Lot Size
34 Shares
Fresh Issue
1,700,680 Shares
Offer for Sale
9,428,178 shares of ₹10
Listing At
BSE, NSE
Rishabh Instruments Limited IPO Lot Size
The minimum market lot for Rishabh Instruments Limited IPO is 34 shares with an application amount of ₹14,994. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,994 |
| Retail (Max) | 13 | 442 | ₹1,94,922 |
| S-HNI (Min) | 14 | 476 | ₹2,09,916 |
| S-HNI (Max) | 66 | 2244 | ₹9,89,604 |
| B-HNI (Min) | 67 | 2278 | ₹10,04,598 |
Rishabh Instruments Limited IPO Timeline
Issue Price
₹418-441 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Dam Capital Advisors LtdMotilal Oswal Investment Advisors Pvt LtdMirae Asset Capital Markets (India) Private LimitedIssue Size
Total ₹490.78 Cr :#Fresh Issue : 1,700,680 shares(aggregating up to ₹75.00 Cr) +
#OFS : 9,428,178 shares of ₹10(aggregating up to ₹415.78 Cr)
Rishabh Instruments Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 648.93 | 579.78 | 49.69 | - | - | - |
| 31 Mar 22 | 563.89 | 479.92 | 49.65 | - | - | - |
| 31 Mar 21 | 511.97 | 402.49 | 35.94 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Narendra Joharimal Goliya
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 80.67% | 70.68% |
About Company
Rishabh Instruments Limited is engaged in the business of manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products.
The company provides cost-effective solutions to measure, control, record, analyze, and optimize energy and processes through an array of products. It also provides complete aluminum high-pressure die-casting solutions for customers requiring close tolerance fabrication (such as automotive compressor manufacturers and automation high precision flow meters manufacturers), machining, and finishing of precision components.
In 2011, Rishabh Instruments acquired Lumel Alucast, a non-ferrous pressure casting company in Europe, which helped the company establish a strong foot in manufacturing and supply of low-voltage current transformers. The company also provides certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC).
Rishabh Instruments has 4 segments:
(a) electrical automation devices
(b) metering, control, and protection devices
(c) portable test and measuring instruments
(d) solar string inverters.
The company has 3 manufacturing units and more than 270 dealers across the globe, reaching 70+ countries and 150+ dealers across India covering every state.
Rishabh Instruments Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,225,772 | 1,669,329 1,112,886 556,443 | 3,895,101 | 7,790,202 |
Day 1 -30-08-23 05:00 PM | 0.01 x | 1.24 1.19 x 1.35 x | 0.92 x | 0.73 x |
Day 2 -31-08-23 05:00 PM | 0.22 x | 4.65 4.10 x 5.76 x | 2.79 x | 2.46 x |
Day 3 -01-09-23 05:00 PM | 72.54 x | 31.29 34.01 x 25.85 x | 8.43 x | 31.65 x |
7.55 times
Frequently Asked Questions about Rishabh Instruments Limited IPO
When will Rishabh Instruments Limited IPO open for subscription?
The Rishabh Instruments Limited IPO opens on 30 Aug, 2023 and closes on 1 Sep, 2023.
What is the investors portion for Rishabh Instruments Limited IPO?
The investors' portion for QIB is 72.54 x, NII is 34.01 x, and Retail is 8.43 x.
How to apply for Rishabh Instruments Limited IPO?
You can apply for Rishabh Instruments Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Rishabh Instruments Limited IPO?
The issue size of Rishabh Instruments Limited IPO is approx ₹Total ₹490.78 Cr :#Fresh Issue : 1,700,680 shares(aggregating up to ₹75.00 Cr) +#OFS : 9,428,178 shares of ₹10(aggregating up to ₹415.78 Cr) crores.
What is the price band of Rishabh Instruments Limited IPO?
The price band for Rishabh Instruments Limited IPO is ₹418 to ₹441 per equity share.
What is the lot size of Rishabh Instruments Limited IPO?
The minimum bid (lot size) for Rishabh Instruments Limited IPO is N/A shares with an investment of approx ₹14,994 .
What is the allotment date of Rishabh Instruments Limited IPO?
The allotment date for Rishabh Instruments Limited IPO is 6 Sep, 2023.
What is the listing date of Rishabh Instruments Limited IPO?
The listing date for Rishabh Instruments Limited IPO is expected to be 11 Sep, 2023.
What is the GMP of Rishabh Instruments Limited IPO?
The latest Grey Market Premium (GMP) for Rishabh Instruments Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.