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 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
3	1st Sep2023	72.54x	31.29x	25.85x	34.01x	8.43x	31.65x

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

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