Rishabh Instruments IPO Date, Price, GMP, Details 2023

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:

  1. Analog Panel Meters
  2. Protector Relays
  3. Current Transformers
  4. Shunts
  5. CAM Switches
  6. Digital Panel Meter
  7. Multifunction Meters
  8. Battery Charger
  9. Transducers
  10. Isolators
  11. Power Quality
  12. Power Supply
  13. Paperless Recorders
  14. Temperature Controller
  15. I/O’s & Converters
  16. Digital Multimeter
  17. Clamp Meters
  18. Insulation Testers
  19. Energy Management System
  20. Accessories
  21. Earth Testers
  22. Synchronising Unit
  23. Genset Controllers

Strengths of Rishabh Instruments IPO:

  1. Innovation Prowess: Demonstrates a strong ability to propel technology and innovation through advanced research and development capacities.
  2. Vertical Integration: Bolstered by robust manufacturing capabilities, the company operates with a vertically integrated approach.
  3. Diverse Product Portfolio: Boasts a wide-ranging product portfolio catering to diverse industry needs.
  4. Wide Customer Base: Benefits from a broad and extensive customer base.
  5. 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:

  1. Funding capital expenditure for expansion activities
  2. Funding the working capital requirements of the company.
  3. General corporate purpose

Rishabh Instruments IPO useful information

Rishabh Instruments IPO Lot Size

IPO ActivityDate
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 ActivityDate
IPO Open Date30-08-2023
IPO Close Date01-09-2023
Basis of Allotment
Finalisation Date*
Refunds Initiation*07-09-2023
Credit of Shares
to Demat Account*
IPO Listing Date*11-09-2023
*Dates are tentative.

Rishabh Instruments IPO Details

IPO Issue Price:₹418-441 Per Share
DRHP:Download DRHP
RHP:Download RHP
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
IPO Discount:TBD
Promoter Holding Pre IPO:
Promoter Holding Post IPO:70.68%

Rishabh Instruments IPO GMP Trend

GMP DateGMPEstimated Listing PriceLast Updated Time
28-08-202330₹471 (6.80%)28-Aug-2023 11:00 PM
29-08-202383₹524 (18.82%)29-Aug-2023 11:00 PM
30-08-202383₹524 (18.82%)30-Aug-2023 02:00 PM
31-08-202348₹489 (10.88%)31-Aug-2023 11:00 PM
01-09-202360₹ 501 (13.61%)01-Sep-2023 10:00 PM
02-09-202367₹508 (15.19%)02-Sep-2023 10:00 PM
03-09-202366₹507 (14.97%)03-Sep-2023 10:00 PM
04-09-202366₹507 (14.97%)04-Sep-2023 10:00 PM
05-09-202366₹507 (14.97%)05-Sep-2023 10:00 PM
06-09-202366₹507 (14.97%)06-Sep-2023 02:00 PM
07-09-202362503 (14.06%)07-Sep-2023 09:00 PM
008-09-202362503 (14.06%)08-Sep-2023 09:00 PM

Rishabh Instruments IPO Live Subscription (NSE + BSE)

DayQIBNIISNII (Below ₹10L)BNII(Above ₹10L)RIITotal
130th Aug 20230.00x0.15x0.22x0.11x0.25x0.16x
231st Aug 20230.22x4.66x5.79x4.10x2.83x2.48x
31st Sep202372.54x31.29x25.85x34.01x8.43x31.65x

Rishabh Instruments Past Financials

Period EndedAssetsRevenueProfit After TaxNet WorthTotal Borrowing
31 Mar 2021511.97402.4935.94302.1391.95
31 Mar 2022563.89479.9249.65346.1096.57
31 Mar 2023648.93579.7849.69408.75102.85
Amount in ₹ Crore

Rishabh Instruments IPO Allotment Status Check

Check Rishabh Instruments IPO allotment status on Linkintime website allotment URL. Click Here

On the IPO GMP Dashboard, you can view the live GMP status of all current and past IPOs (issues that have been closed but have not yet been listed). The performance of the IPO GMP is continually updated by Moneyvigyan.com. The listing price and the IPO GMP can be tracked and compared here on the IPO GMP Dashboard.

Disclaimer: No financial information published anywhere on this site should be interpreted as a recommendation to buy or sell securities or as any other kind of offer to do so. Every piece of material published on this site is just for educational and informational reasons and under no circumstances should be used to make financial decisions. Before actually making any investment decisions based on the information provided here, readers must seek the advice of a licensed financial professional. Any actions made by readers based on the material presented here are done so entirely at their own risk. Investors should be aware that any stock market investment is exposed to unpredictably high market risks. The author has no intention of investing in this IPO.

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