Rishabh Instruments IPO Review

 
Rishabh Instruments IPO Review

IPO Open Date: August 30, 2023

IPO Close Date: September 1, 2023

IPO Price: ₹418 to ₹441 per share

Lot Size: 34 Shares

Listing: September 11, 2023

Rishabh Instruments IPO

Rishabh Instruments Details: Rishabh Instruments IPO is scheduled to hit the market on August 30 and close on September 1. Rishabh Instruments plans to raise around ₹490.78 Cr through an IPO with a sale of up to 11,128,858 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Established in 1982, Rishabh Instruments Limited specializes in crafting Test and Measuring Instruments and Industrial Control Products. The company offers affordable solutions for energy measurement, process control, and precision component fabrication.

Notably, they acquired Lumel Alucast in 2011, bolstering their expertise in low-voltage current transformers. With four key segments—electrical automation, metering, portable instruments, and solar inverters—Rishabh operates across 70+ countries through three manufacturing units and a wide dealer network.

Rishabh Instruments IPO Details

Rishabh Instruments IPO opens on Aug 30, 2023, and closes on Sep 1, 2023. The Listing date for Rishabh Instruments IPO is on Sept 11 2023. The price band for IPO is ₹418 to ₹441 per share and lot size of 34 shares.

IPO DateAug 30, 2023 to Sep 1, 2023
Listing Date
Price₹418 to ₹441 per share
Lot Size34 Shares
Issue Size₹490.78 Cr
Face Value₹10 per share

Rishabh Instruments IPO Tentative Timetable

Rishabh Instruments opening date is August 30, 2023 and close date is September 1, 2023. The IPO allotment date is September 6, 2023. The refund initiation of IPO is on September 7, 2023. The credit of shares in demat account is on September 8, 2023. The listing date is on September 11, 2023.

EventDate
IPO OpeningAug 30, 2023
IPO ClosingSept 1, 2023
IPO Allotment DateSept 6, 2023
Refund InitiationSept 7, 2023
Shares Credit to DematSept 8, 2023
Lisiting DateSept 11, 2023

Rishabh Instruments IPO Lot Size

Lot Size of this IPO is 34 shares. A retail-individual investor can apply for up to 13 lots ( 442 shares or ₹194,922).

CategoryLotsSharesAmount
Retail(Minimum)134₹14,994
Retail(Maximum)13442₹194,992
S-HNI (Minimum)14476₹209,916
B-HNI (Minimum)672,278₹1,004,598

Rishabh Instruments IPO Promoter Holding

Pre Issue Share Holding80.67%
Post Issue Share Holding70.68%

Rishabh Instruments IPO Review

Rishabh Instruments Limited, founded in 1982, stands as a notable player in the Test and Measuring Instruments as well as Industrial Control Products sector. The company has established its prowess in manufacturing, designing, and developing a diverse range of products catering to measuring, controlling, recording, analyzing, and optimizing energy and processes. This includes solutions for aluminum high-pressure die-casting, precision components fabrication, machining, and more.

Rishabh Instruments' financial indicators, including ROE, ROCE, and Debt/Equity ratio, demonstrate a sound financial standing. However, the comprehensive review would be more insightful with additional financial ratios and performance metrics, which are not provided in the provided details.

As the company prepares to list on BSE and NSE, investors can consider Rishabh Instruments as a potential addition to their portfolio within the niche of Test and Measuring Instruments and Industrial Control Products.

Rishabh Instruments IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Rishabh Instruments IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Rishabh Instruments IPO FAQs

What is Rishabh Instruments IPO?

Rishabh Instruments is issuing 11,128,858 equity shares with a face value of ₹10 each, totaling up to ₹490.78 Cr. The shares are being offered at a price of ₹418 to ₹441 each, with a minimum order quantity of 34 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Rishabh Instruments IPO will open?

Rishabh Instruments will open on August 30, 2023 for QIB, NII, and Retail Investors.

When Rishabh Instruments IPO will end?

Rishabh Instruments will end on September 1, 2023 .

What is Rishabh Instruments IPO Size?

Rishabh Instruments IPO size is 490.78 Cr.

What is Rishabh Instruments IPO Price Band?

Rishabh Instruments price band is ₹418 to ₹441.

What is the Rishabh Instruments IPO Allotment Date?

Rishabh Instruments allotment date is 6 September 2023.

What is the Rishabh Instruments IPO Listing Date?

Rishabh Instruments listing date is 11 September 2023. The IPO is to be listed on BSE and NSE.

How to Apply Rishabh Instruments IPO through Zerodha?

To apply for the IPO “Rishabh Instruments” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Rishabh Instruments IPO through Upstox?

To apply for the IPO “Rishabh Instruments” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Rishabh Instruments IPO Allotment Status?

For Rishabh Instruments IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is KFin Technologies IPO GMP?

You can check out here: Rishabh Instruments IPO GMP

Sharing Is Caring:
Avatar of Manish Sharma
About Manish Sharma

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Leave a Comment