Rishabh Instruments IPO GMP Details
Rishabh Instruments Limited, Established in 1982, is actively involved in the manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products.
The company specializes in delivering cost-effective solutions designed to measure, control, record, analyze, and optimize energy and processes. This is achieved through an extensive range of products catering to diverse needs. Additionally, Rishabh Instruments provides comprehensive solutions for aluminum high-pressure die-casting, catering to customers requiring precise fabrication, machining, and finishing of components. These services are especially relevant for sectors like automotive compressor manufacturing and automation high precision flow meter manufacturing.
In a strategic move in 2011, Rishabh Instruments acquired Lumel Alucast, a prominent non-ferrous pressure casting company in Europe. This acquisition bolstered the company’s capabilities, particularly in the domain of manufacturing and supplying low-voltage current transformers. Rishabh Instruments further extends its offerings to encompass various manufacturing services, including mold design and production, EMI/EMC testing services, Electronic Manufacturing Services (EMS), and software solutions such as MARC.
Rishabh Instruments operates across four distinct segments:
- Electrical Automation Devices
- Metering, Control, and Protection Devices
- Portable Test and Measuring Instruments
- Solar String Inverters
The company boasts three well-equipped manufacturing units and boasts an extensive network of over 270 global dealers, effectively reaching more than 70 countries. In India, its coverage extends through 150+ dealers, covering all states and territories.
Objects of the Issue
The net proceeds from the issue will be applied towards funding the following objectives:
- Funding the expenses associated with the expansion of the Nashik Manufacturing Facility I.
- Catering to general corporate needs and objectives.
Rishabh Instruments IPO Details
The Rishabh Instruments IPO is a Book Built Issue with a total issue size of ₹490.78 Crores. The IPO is priced in the range of ₹418 to ₹441 per share. Upon completion, the IPO will be listed on both the BSE and NSE.
IPO Date | Aug 30, 2023 to Sep 1, 2023 |
Listing Date | 11 September 2023 |
Face Value | ₹10 per share |
Price | ₹418 to ₹441 per share |
Lot Size | 34 Shares |
Total Issue Size | 11,128,858 shares (aggregating up to ₹490.78 Cr) |
Fresh Issue | 1,700,680 shares (aggregating up to ₹75.00 Cr) |
Offer for Sale | 9,428,178 shares of ₹10 (aggregating up to ₹415.78 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 36,260,678 |
Share holding post issue | 37,961,358 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Rishabh Instruments IPO Reservation
QIB Shares Offered | Not more than 50.00% of the Net offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
Rishabh Instruments IPO Lot Size
The minimum lot size of this Rishabh Instruments IPO is 34 shares required is ₹14,994.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 34 | ₹14,994 |
Retail (Max) | 13 | 442 | ₹194,922 |
S-HNI (Min) | 14 | 476 | ₹209,916 |
S-HNI (Max) | 66 | 2,244 | ₹989,604 |
B-HNI (Min) | 67 | 2,278 | ₹1,004,598 |
Rishabh Instruments IPO Dates
Rishabh Instruments IPO opens on Aug 30, 2023, and closes on Sep 1, 2023.
IPO Open Date | Wednesday, 30 August 2023 |
IPO Close Date | Friday, 1 September 2023 |
Basis of Allotment | Wednesday, 6 September 2023 |
Initiation of Refunds | Thursday, 7 September 2023 |
Credit of Shares to Demat | Friday, 8 September 2023 |
Listing Date | Monday, 11 September 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Sep 1, 2023 |
Rishabh Instruments Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 511.97 | 563.89 | 648.93 |
Revenue | 402.49 | 479.92 | 579.78 |
Profit After Tax | 35.94 | 49.65 | 49.69 |
Net Worth | 302.13 | 346.10 | 408.75 |
Reserves and Surplus | – | – | – |
Total Borrowing | 91.95 | 96.57 | 102.85 |
Key Performance Indicator of Rishabh Instruments Ltd
KPI | Values |
---|---|
Market Cap (₹ Cr.) | 1674.1 |
ROE | 12.39% |
ROCE | 13.77% |
Debt/Equity | 0.26 |
EPS (Rs) | 12.84 |
RoNW | 11.67% |
Rishabh Instruments IPO Promoter Holding
Mr. Narendra Joharimal Goliya is the promoter of the company.
Pre Issue Share Holding | 80.67% |
Post Issue Share Holding | 70.68% |
Rishabh Instruments Contact Information
Rishabh Instruments Limited
A-54, MIDC, Opposite,
MIDC Bus Depot, Andheri (East) Mumbai – 400 093
Phone: +91 253 220 2183
Email: cs@rishabh.co.in
Website: https://rishabh.co.in/
Rishabh Instruments IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: rishabh.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Rishabh Instruments IPO FAQs
What is the Rishabh Instruments IPO?
Rishabh Instruments IPO is a main-board Initial Public Offering consisting of 11,128,858 equity shares with a face value of ₹10 each, aggregating up to ₹490.78 Crores. The issue is priced in the range of ₹418 to ₹441 per share. The minimum order quantity is 34 Shares.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When does the Rishabh Instruments IPO open and close?
The Rishabh Instruments IPO opens for subscription on August 30, 2023, and closes on September 1, 2023.
How can Zerodha customers apply for Rishabh Instruments IPO?
Zerodha customers can apply for the Rishabh Instruments IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), access the IPOs link in the Portfolio section, find the ‘Rishabh Instruments IPO’ row, and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price, and then submit the IPO application form. Approve the mandate through the UPI App (net banking or BHIM) to complete the process.
What is the lot size of Rishabh Instruments IPO?
The Rishabh Instruments IPO lot size is 34 Shares, and the minimum investment required is ₹14,994.
How can investors apply for Rishabh Instruments IPO?
Investors can apply for Rishabh Instruments IPO online using either UPI or ASBA as the payment method. ASBA IPO application is accessible through the net banking of your bank account. UPI IPO application is provided by brokers who do not offer banking services. For more details on applying for IPOs online, you can refer to platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Rishabh Instruments IPO allotment take place?
The finalization of the Basis of Allotment for the Rishabh Instruments IPO is scheduled for Wednesday, September 6, 2023. The allotted shares will be credited to your demat account by Friday, September 8, 2023. You can check the Rishabh Instruments IPO allotment status for updates.
When is the Rishabh Instruments IPO listing date?
The precise listing date for the Rishabh Instruments IPO has not yet been announced. The tentative listing date is Monday, September 11, 2023.