Rishabh Instruments Limited IPO

Mainboard

Other Electrical Equipment

Listed On: Sep 11, 2023 at ₹ 460.05(NSE)

₹ 14994 /34 Shares

Check Allotment

Price Summary

Last Closing

357.00 (-19.05%)

52 Week High

635.40

52 Week Low

355.55

Last Update

19-Sep-2024 3:30 PM

Rishabh Instruments Limited IPO Details

30 Aug, 2023

Open Date

01 Sep, 2023

Close Date

06 Sep, 2023

Allotment Date

11 Sep, 2023

Listing Date

Issue Price

₹418-441 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

460.05(NSE)

Listing Date

2023-09-11

Market Lot

Retail : 34 Shares (₹14,994/-)
S-HNI : 476 Shares (₹2,09,916/-)
B-HNI : 2,278 Shares (₹10,04,598/-)

Lead Manager

Dam Capital Advisors Ltd
Motilal Oswal Investment Advisors Pvt Ltd
Mirae Asset Capital Markets (India) Private Limited

Issue 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)

Retail Portion

35% (Number of Retail Applications: 1,14,552 Approx),
(Number of S-HNI Applications : 1,169 Approx),
(Number of B-HNI Applications : 2,338 Approx)

Subscription

31.65 times

IPO Docs

DRHP RHP ANCHOR

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

Total No. of Applications: 8,65,227 (Approx)

Retail Subscription on the basis of Applications: 7.55 times

Rishabh Instruments Limited Valuations

Earnings Per Share (EPS)

₹12.84/-

P/E Ratio

33.69

RoNW

11.67

Net Asset Value (NAV) - As on 31.03.23

₹109.98

Rishabh Instruments Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	648.93	563.89	511.97
Revenue	579.78	479.92	402.49
Profit After Tax	49.69	49.65	35.94

About The 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 - Promoter(s)

Pre Issue Share Holding: 80.67%

Post Issue Share Holding: 70.68%

Company Promoter(s)

Mr. Narendra Joharimal Goliya

Rishabh Instruments Limited IPO - Issue Objectives

Financing the cost towards the expansion of Nashik Manufacturing Facility I
General corporate purposes.

Rishabh Instruments Limited IPO - Anchor Investors

Rishabh Instruments raises Rs 147.2 crore from anchor investors ahead of IPO.

A total of 16 investors made investments in the company via anchor book including HDFC Mutual Fund, Nippon Life, Sundaram Mutual Fund, Bandhan Mutual Fund, Aditya Birla Sun Life Insurance, Quant Mutual Fund, Tata Multicap Fund, and 3P India Equity Fund I.

Rishabh Instruments Limited IPO - FAQs

Ans. Rishabh Instruments Limited IPO is a Mainboard IPO. The issue is priced at ₹418-441 per equity share. The minimum order quantity is 34 Shares. The IPO opens on Aug 30, 2023, and closes on Sep 1, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Rishabh Instruments Limited IPO opens on Aug 30, 2023 and closes on Sep 1, 2023.

Ans. The size of Rishabh Instruments Limited IPO is 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).

Ans. The IPO price band is set between ₹418-441 per equity share.

Ans. To apply for Rishabh Instruments Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Rishabh Instruments Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Rishabh Instruments Limited IPO is Sep 6, 2023.

Ans. The Rishabh Instruments Limited IPO will be listed on Sep 11, 2023.

Ans. Follow the steps to check the allotment status for Rishabh Instruments Limited IPO here.