Rishabh Instruments Limited

Rishabh Instruments Limited

  • IPO Date30 Aug, 2023 to 01 Sep, 2023
  • Listing Date11 Sep, 2023
  • Face Value₹10 per share
  • Issue Price₹418 to ₹441 per share
  • Lot Size34 Shares
  • Minimum Investment₹14,994
  • Listing AtBSE, NSE
  • Total Issue Size1,11,28,858 Shares
    (aggregating up to ₹490.78 Cr)
  • Fresh Issue17,00,680 Shares
    (aggregating up to ₹75.00 Cr)
  • Offer for Sale94,28,178 Shares
    (aggregating up to ₹415.78 Cr)
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue3,62,60,678
  • Shareholding post issue3,79,61,358
IPO Dates

Closing Date

01 Sep, 2023

Initiation of Refunds

08 Sep, 2023

Listing Date

11 Sep, 2023

30 Aug, 2023

Opening Date

06 Sep, 2023

Basis of Allotment

08 Sep, 2023

Credit of Shares

UPI Mandate Expiry Date:01 Sep, 2023

Rishabh Instruments Limited Lot Size

The minimum lot size of this Rishabh Instruments IPO is 34 shares required is ₹14,994.

ApplicationLotsSharesAmount
Retail (Min)134₹14,994
Retail (Max)13442₹1,94,922
S-HNI (Min)14476₹2,09,916
S-HNI (Max)662244₹9,89,604
B-HNI (Min)672278₹10,04,598

Rishabh Instruments Limited Promoter Holding

Mr. Narendra Joharimal Goliya is the promoter of the company.

Pre Issue Share HoldingPost Issue Share Holding
80.67%70.68%
Key Performance Indicator

Rishabh Instruments IPO Market Cap is Rs 1674.1 Cr and P/E (x) is 33.69.

KPIValues
ROE12.39%
ROCE13.77%
RoNW11.67%
Pre IPOPost IPO
EPS (Rs)33.6912.84
P/E (x) 33.6912.84

Rishabh Instruments Limited COMPANY INFORMATION

Rishabh Instruments IPO is a Book Built Issue. The IPO total issue size is Rs 490.78 Cr. The Rishabh Instruments IPO price is ₹418 to ₹441 per share. The IPO will list on BSE, NSE.

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.

FAQs About Rishabh Instruments Limited

Rishabh Instruments Limited will open on 30 Aug, 2023 and close on 01 Sep, 2023. Investors must apply within this period to participate.

The Rishabh Instruments Limited price band is set between ₹418.00 and ₹441.00 per share. The minimum lot size is 34, requiring an investment of at least ₹14994.00.

The Rishabh Instruments Limited shares are expected to be listed on 11 Sep, 2023, subject to regulatory approvals and final allotment.

You can track your Rishabh Instruments Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Rishabh Instruments Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.