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IPO Status: Listed [30th Aug 2023 to 1st Sep 2023]
Rishabh Instruments Limited is launching a IPO at NSE and BSE platform. A fresh issue worth Rs 75 Cr and an Offer for sale of 9,428,178 shares worth of Rs 415.78 Cr. The subscription period for this IPO is from Aug 30, 2023, to Sep 1, 2023. The face value of each share is Rs 10. The issue price band for this IPO ranges from Rs 418 to Rs 441 per share. You have to apply in the IPO application for the minimum quantity of 34 shares or its multiple.
Stay tuned for more information on Rishabh Instruments Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 30th Aug 2023 |
| IPO Issue Closing Date: | 1st Sep 2023 |
| IPO Issue Price: | ₹418.00-441.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹490.78 Cr |
| Offer for Sale: | ₹415.78 Cr |
| Fresh Issue: | ₹75.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 80.67% |
| Promoter Holding Post IPO: | 70.68% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543977 |
| NSE Code: | RISHABH |
Get important updates regarding Rishabh Instruments IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th Sep 2023 |
| Refunds Initiation* | 7th Sep 2023 |
| Credit of Shares to Demat* | 8th Sep 2023 |
| IPO Listing Date* | 11th Sep 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹418.00-441.00 |
| Market Lot: | 34 Shares |
| 1 Lot Amount: | ₹14994 |
| Min Small HNI Lots(2-10 Lakh): | 476 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 2278 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 11-09-2023 | 441.00 | 61 | 1600/22400 | ₹502 (13.83%) | 11-Sep-2023 10:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Rishabh Instruments Limited was established in the year 1982. The company is a global provider of energy efficiency solutions focused on electrical automation, instrumentation and control, precision engineered products, and other products with diverse applications in various industries, including automotive and industrial. The company offers a wide range of electrical instruments and devices for process optimization and is engaged in the design, development, manufacture and sale of equipment under its own brand in various sectors. The company is a global provider of energy efficiency solutions with a focus on electrical
The company provides comprehensive solutions for its customers looking for cost-effective ways to measure, control, record, analyse and optimise energy and processes. In addition, the company provides complete aluminium die casting solutions for customers requiring tight tolerance manufacturing (e.g., automotive compressor manufacturers and high precision flow metre manufacturers for automation), as well as machining and finishing of precision components.
The Company is a vertically integrated company that designs, develops, manufactures and supplies (a) electrical automation equipment, (b) measurement, control and protection equipment, (c) portable test and measurement instruments, and (d) solar inverters. In addition, the Company manufactures and supplies aluminium die castings through its Lumel Alucast subsidiary. The Company also provides certain manufacturing services, including mould design and fabrication, EMI/EMC testing, electronic manufacturing services, and software solutions (e.g., MARC). In India, Lumel Alucast also manufactures solar inverters intended for use in grid-connected photovoltaic systems.
| Incorporation | Sector | IPO Issue Size | Website |
| 1982 | Electric instruments | ₹490.78 Cr | https://rishabh.co.in/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,225,772 (28.57%) | 1,669,329 (21.43%) | 3,895,101 (50%) | 7,790,202 | |
| 1 | 30th Aug 2023 19:04 | 0.01x | 1.25x | 0.96x | 0.75x |
| 2 | 31st Aug 2023 19:04 | 0.22x | 4.66x | 2.83x | 2.48x |
| 3 | 1st Sep 2023 19:04 | 72.54x | 31.29x | 8.44x | 31.65x |
| 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 |
Last Updated on 15-Sep-2023 06:02:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Rishabh Instruments IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Rishabh Instruments IPO with Zerodha.
Alternate approch to apply in Rishabh Instruments IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Rishabh Instruments IPO Review and Important Updates
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To subscribe or apply in Rishabh Instruments IPO, you can use the following methods:
| Rishabh Instruments IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Rishabh Instruments IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Rishabh Instruments IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Rishabh Instruments IPO. Most of the Syndicate Banks provide access to apply in Rishabh Instruments IPO via ASBA process. You must have your net banking access, DP ID information to apply in Rishabh Instruments IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Rishabh Instruments IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Rishabh Instruments IPO Review and Important Updates
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Applying in Rishabh Instruments IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Rishabh Instruments IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Rishabh Instruments IPO, please refer article >> Link
Rishabh Instruments IPO Review and Important Updates
Steps to download the online application form for Rishabh Instruments IPO
Or
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Rishabh Instruments IPO is going to be list on 11-09-2023. NSE Code for Rishabh Instruments is RISHABH. BSE Code for Rishabh Instruments is 543977.
Other relevant questions:
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Rishabh Instruments IPO Allotment Date is 06-09-2023.
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