Rishabh Instruments (MAINBOARD)
Aug 30, 2023 - Sep 1, 2023
| Price | ₹418 - ₹441 |
| Premium | ₹62 |
|---|---|
| Lot size | 34 |
| Allotment | Sep 6, 2023 |
| Listing | Sep 11, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 34 | 14994 | 0 |
| sHNI | 14 | 476 | 209916 | 0 |
| bHNI | 67 | 2278 | 1004598 | 0 |
Last Updated as on 01-Sep-2023 17:42:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 22,25,772 | 16,14,57,840 | 72.54 |
| HNIs | 16,69,329 | 5,22,28,012 | 31.29 |
| HNIs (10+L) | 11,12,886 | 3,78,45,604 | 34.01 |
| HNIs (2-10L) | 5,56,443 | 1,43,82,408 | 25.85 |
| Retail | 38,95,101 | 3,28,40,158 | 8.43 |
| Total | 77,90,202 | 24,65,26,010 | 31.65 |
| Category | Retail | sHNI | bHNI |
|---|---|---|---|
| Min Shares | 34 | 476 | 2278 |
| Min Amount | 14994 | 209916 | 1004598 |
| Application Reserved | 114562 | 1169 | 2338 |
| Subject 2 | |||
| FIX |
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.
Rishabh Instruments IPO Details
Rishabh Instruments IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The Rishabh Instruments IPO price is [.] to [.] per share. The IPO will list on BSE, NSE.
| Issue Size | 490.78 CR |
| Fresh Issue | [.] shares (aggregating up to ₹75.00 Cr) |
| Offer for Sale | 9,428,178 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 36,260,678 |
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 |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 511.97 | 563.89 | 648.93 |
| Revenue | 402.49 | 479.92 | 579.78 |
| Profit | 35.94 | 49.65 | 49.69 |
| Net Worth | 302.13 | 346.10 | 408.75 |
| Reserves | |||
| Borrowing | 91.95 | 96.57 | 102.85 |
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: rishabh.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/