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Rishabh Instruments Ltd.

Rishabh Instruments Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹441
₹441
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹441
Based on GMP
Min. Investment
₹14,994
1 lot × 34 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
30 Aug 2023
Close Date
01 Sep 2023
Allotment
06 Sep 2023
Listing Date
11 Sep 2023
Exchange
NSE & BSE
Price Band
₹441
Listing Price
See chart
Allotment Status
Price Band
₹441
Per share
Face Value
₹10 per share
 
Lot Size
34 Shares
per lot
Issue Size
1,11,28,858 shares (aggregating up to ₹490.78 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,994
1 lot
Post-IPO Holding
3,79,61,358 shares
Promoters
P/E (Post)
33.69x
 
EPS (Pre)
₹12.84
 
UPI Deadline
2023-09-01
Mandate
Anchor AllotmentTue, 29 Aug 2023
Basis of AllotmentWed, 06 Sep 2023
Refund InitiationThu, 07 Sep 2023
Demat CreditFri, 08 Sep 2023
Listing DayMon, 11 Sep 2023
UPI Mandate Deadline2023-09-01
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares17,00,680 shares (aggregating up to ₹75.00 Cr)
Offer for Sale94,28,178 shares of ₹10 (aggregating up to ₹415.78 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Rishabh Instruments Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 01 Sep 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
11,128,858
100% ₹490.78
IPO Shares Offered
Rishabh Instruments Ltd. IPO total issue size: ₹490.78 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 11,128,858 ₹490.78
100.00%
* Based on upper price band ₹441 per share
Lot Size & Investment
Lot Size
34
Shares per Lot
Issue Price
₹441.00
Upper Band
Min Investment
₹14,994
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)268₹29,988
Retail (Max — 13 Lots)13442₹194,922
S-HNI (Min — 14 Lots)14476₹209,916
B-HNI (Min — 68 Lots)682,312₹1,019,592
* Issue Price ₹441 × Lot Size 34 shares
IPO Schedule
Anchor
29 Aug 2023
✓ Done
IPO Open
30 Aug 2023
✓ Done
IPO Close
01 Sep 2023
✓ Done
Allotment
06 Sep 2023
✓ Done
Refunds
07 Sep 2023
✓ Done
Demat Credit
08 Sep 2023
✓ Done
Listing Day
11 Sep 2023
✓ Done
Rishabh Instruments Ltd. — Live Price LIVE
₹441.00
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Issue ₹441.00 Live Price
About Rishabh Instruments Ltd.
Incorporated in 1982, 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; and (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.
Objects of the Issue
1
1 Financing the cost towards the Expansion of Nashik Manufacturing Facility I
2
2 General corporate purposes
Rishabh Instruments Ltd. Financials (Amount in Crore)
Revenue from Operations
₹579.8
31 Mar 2023
₹479.9
31 Mar 2022
₹402.5
31 Mar 2021
Profit After Tax (PAT)
₹49.7
31 Mar 2023
₹49.7
31 Mar 2022
₹35.9
31 Mar 2021
Particulars31 Mar 202131 Mar 202231 Mar 2023
Revenue from Operations 402.49 479.92 579.78
EBITDA N/A N/A N/A
Profit After Tax (PAT) 35.94 49.65 49.69
Net Worth 302.13 346.10 408.75
Total Assets 511.97 563.89 648.93
Reserves & Surplus N/A N/A N/A
Borrowings 91.95 96.57 102.85
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
12.39%
RoCE
13.77%
RoNW
11.67%
Debt/Equity
0.26
Issue Structure & Shareholding
Total Shares Offered1,11,28,858 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter Holding3,79,61,358 shares
P/BV RatioN/A
RoE12.39%
RoCE13.77%
Debt / Equity0.26
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Dam Capital Advisors Ltd.
Motilal Oswal Investment Advisors Ltd.
Mirae Asset Capital Markets (India) Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Rishabh Instruments Ltd. IPO subscribed?

Rishabh Instruments Ltd. IPO is subscribed 1.00 times by Sep 01, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Rishabh Instruments Ltd. IPO retail subscription status?

The Rishabh Instruments Ltd. IPO retail category is subscribed 1.00 times as of 01 Sep 2023. The retail portion is oversubscribed.

How to subscribe Rishabh Instruments Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 30 Aug 2023 and closes 01 Sep 2023. Min investment: ₹14,994 (1 lot = 34 shares). UPI mandate: 2023-09-01.

How many times Rishabh Instruments Ltd. IPO subscribed?

The Rishabh Instruments Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rishabh Instruments Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Sep 2023. Refunds: on 07 Sep 2023.

When Rishabh Instruments Ltd. IPO will be listed?

The Rishabh Instruments Ltd. IPO listing date is 11 Sep 2023, Monday. Listed on: NSE & BSE. Issue price: ₹441. Estimated listing: ₹441. GMP: NIL.

When Rishabh Instruments Ltd. IPO close?

The Rishabh Instruments Ltd. IPO closes on 01 Sep 2023, Friday. UPI mandate: 2023-09-01. Allotment: 06 Sep 2023. Listing: 11 Sep 2023.