About the Company
Established in 1982, Rishabh Instruments Limited is a global leader in energy efficiency solutions, specializing in electrical automation, instrumentation, control systems, precision-engineered products, and versatile applications across industries such as automotive and industrial sectors. The company offers an extensive array of electrical instruments and devices designed to enhance process optimization. It engages in the creation, advancement, production, and sale of equipment under its own brand across various sectors. With a global presence, the company prioritizes energy efficiency solutions within the electrical domain.
Rishabh Instruments provides holistic solutions for customers seeking economical methods to measure, control, record, analyze, and optimize energy consumption and industrial processes. Furthermore, the company offers complete aluminum die-casting solutions, catering to clients requiring exacting manufacturing standards, including automotive compressor manufacturers and high-precision flow meter manufacturers within automation. Additionally, they specialize in machining and finishing precision components.
Functioning as a vertically integrated entity, the company encompasses (a) electrical automation equipment, (b) measurement, control, and protection equipment, (c) portable test and measurement instruments, and (d) solar inverters. Complementing these offerings, their subsidiary Lumel Alucast contributes aluminum die castings. The company’s capabilities extend to various manufacturing services, encompassing mold design, EMI/EMC testing, electronic manufacturing services, and software solutions such as MARC. Notably, Lumel Alucast, situated in India, manufactures solar inverters designed for grid-connected photovoltaic systems.
Products offered by the company:
- Analog Panel Meters
- Protector Relays
- Current Transformers
- CAM Switches
- Digital Panel Meter
- Multifunction Meters
- Battery Charger
- Power Quality
- Power Supply
- Paperless Recorders
- Temperature Controller
- I/O’s & Converters
- Digital Multimeter
- Clamp Meters
- Insulation Testers
- Energy Management System
- Earth Testers
- Synchronising Unit
- Genset Controllers
Strengths of Rishabh Instruments IPO:
- Innovation Prowess: Demonstrates a strong ability to propel technology and innovation through advanced research and development capacities.
- Vertical Integration: Bolstered by robust manufacturing capabilities, the company operates with a vertically integrated approach.
- Diverse Product Portfolio: Boasts a wide-ranging product portfolio catering to diverse industry needs.
- Wide Customer Base: Benefits from a broad and extensive customer base.
- Esteemed Brands: Enjoys well-established and recognized brands within the industry.
The objective of Rishabh Instruments IPO:
The Company aims to utilize the Net Proceeds of the Fresh Issue to fulfill the following objectives:
- Funding capital expenditure for expansion activities
- Funding the working capital requirements of the company.
- General corporate purpose
Rishabh Instruments IPO useful information
Rishabh Instruments IPO Lot Size
|Issue Price||₹418-441 Per Share|
|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)|
Rishabh Instruments IPO Dates
|IPO Open Date||30-08-2023|
|IPO Close Date||01-09-2023|
|Basis of Allotment|
|Credit of Shares|
to Demat Account*
|IPO Listing Date*||11-09-2023|
Rishabh Instruments IPO Details
|IPO Issue Price:||₹418-441 Per Share|
|IPO Listing At:||BSE, NSE|
|Retail Quota:||Not less than 35% of the Net Issue|
|IPO Issue Type:||Book Build Issue|
|IPO Issue Size:||₹490.78 Cr|
|Fresh Issue:||₹75.00 Cr|
|Face Value:||₹10 Per Equity Share|
|Promoter Holding Pre IPO:|
|Promoter Holding Post IPO:||70.68%|
Rishabh Instruments IPO GMP Trend
|GMP Date||GMP||Estimated Listing Price||Last Updated Time|
|28-08-2023||30||₹471 (6.80%)||28-Aug-2023 11:00 PM|
|29-08-2023||83||₹524 (18.82%)||29-Aug-2023 11:00 PM|
|30-08-2023||83||₹524 (18.82%)||30-Aug-2023 02:00 PM|
|31-08-2023||48||₹489 (10.88%)||31-Aug-2023 11:00 PM|
|01-09-2023||60||₹ 501 (13.61%)||01-Sep-2023 10:00 PM|
|02-09-2023||67||₹508 (15.19%)||02-Sep-2023 10:00 PM|
|03-09-2023||66||₹507 (14.97%)||03-Sep-2023 10:00 PM|
|04-09-2023||66||₹507 (14.97%)||04-Sep-2023 10:00 PM|
|05-09-2023||66||₹507 (14.97%)||05-Sep-2023 10:00 PM|
|06-09-2023||66||₹507 (14.97%)||06-Sep-2023 02:00 PM|
|07-09-2023||62||503 (14.06%)||07-Sep-2023 09:00 PM|
|008-09-2023||62||503 (14.06%)||08-Sep-2023 09:00 PM|
Rishabh Instruments IPO Live Subscription (NSE + BSE)
|Day||QIB||NII||SNII (Below ₹10L)||BNII(Above ₹10L)||RII||Total|
|1||30th Aug 2023||0.00x||0.15x||0.22x||0.11x||0.25x||0.16x|
|2||31st Aug 2023||0.22x||4.66x||5.79x||4.10x||2.83x||2.48x|
Rishabh Instruments Past Financials
|Period Ended||Assets||Revenue||Profit After Tax||Net Worth||Total Borrowing|
|31 Mar 2021||511.97||402.49||35.94||302.13||91.95|
|31 Mar 2022||563.89||479.92||49.65||346.10||96.57|
|31 Mar 2023||648.93||579.78||49.69||408.75||102.85|
Rishabh Instruments IPO Allotment Status Check
Check Rishabh Instruments IPO allotment status on Linkintime website allotment URL. Click Here
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