Rishabh Instruments Ltd

Capital Goods - Electrical Equipment

Offer Period :

30th to 9th Sep 2023

Established in 1982, Rishabh Instruments Limited manufactures Test and Measuring Instruments, Industrial Control Products, and offers aluminum high-pressure die-casting solutions. Acquiring Lumel Alucast in 2011 expanded its capabilities. Read more... With three manufacturing units, a global presence, and diverse services, it caters to 70+ countries and 150+ dealers in India.Read less

Rishabh Instruments Ltd IPO Details

IPO Date 30th to 9th Sep 2023 Minimum Investment ₹14994 / 1 Lots
Listing Date 2023-09-11 Maximum Investment ₹194922 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹469.1 Crores
Price ₹441 to ₹441 per share Fresh Issue ₹75 Crores
Lot Size 1 Lots (34 Shares) Offer For Sale ₹ 394.1
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 30th to 9th Sep 2023
Listing Date 2023-09-11
Face Value ₹10 per share
Price ₹441 to ₹441 per share
Lot Size 1 Lots (34 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14994 / 1 Lots
Maximum Investment ₹194922 / 13 Lots
Total Issue Size ₹469.1 Crores
Fresh Issue ₹75 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

30th Aug

IPO Starts

1st Sep

IPO Ends

6th Sep

Allotment Date

7th Sep

Initiation of Refund

8th Sep

Credit of Shares to Demat Account

11th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 44.85 0
Public Group 55.15 100

Rishabh Instruments Ltd IPO Reservation

QIB Shares Offered 5611218(50%)
NII (HNI) Shares Offered 1683365(15%)
Retail Shares Offered 3927853(35%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 11222436
Total Shares With Anchor Investor 11222436

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Rishabh Instruments Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id rishabh.ipo@kfintech.com
Our Website www.kfintech.com

Rishabh Instruments Ltd IPO Lead Manager

1. DAM Capital Advisors Ltd

2. Mirae Asset Capital Markets (India) Pvt Ltd

3. Motilal Oswal Investment Advisors Ltd

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Rishabh Instruments Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Rishabh Instruments Ltd

1. Ability to drive technology and innovation through advanced research and development capabilities;

2. Global engineering solution provider operating in large addressable markets and well positioned to benefit from mega industrialisation trends;

3. Vertically integrated operations, backed by strong manufacturing capabilities;

4. Diversified product portfolio;

5. Wide customer base;

6. Track record of successful integration of acquired businesses or entities across geographies.

Risks Involved

1. The company business is dependent and will continue to depends on its manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

2. The company propose to utilise a substantial portion of the Net Proceeds of the Offer towards its Expansion Project and the company efforts to expand its production capabilities are subject to delays, cost overruns, and other risks and uncertainties.

3. If the company fail to effectively implement its production schedules, the company business and results of operations may be materially and adversely affected.

4. Most of the company customers do not commit to long term contracts, and may cancel their orders, change production quantities, delay production or change their sourcing strategy.

5. If the products the company manufacture experience quality defects or if the manufacturing services its provide are found to be deficient, its may lose the company customers and may be subject to product liability claims or claims alleging deficiency in service, which may also cause damage to its reputation and/or adversely affect its results of operations and financial condition.

6. If the company cannot execute its strategies to expand existing customer accounts and geographical footprint effectively, its business and prospects may be materially and adversely affected.

7. Failure to manage component and material purchasing and shortages in the supply of its major production inputs could adversely affect the company ability to deliver contracted volumes of manufactured products, increase its inventory carrying costs, increase the company risk of exposure to inventory obsolescence and may have a material adverse effect on its results of operations and financial condition.

8. Failure to maintain optimal inventory levels could increase its inventory holding costs and adversely affect the company operations and financial condition.

9. The continuing impact of the COVID-19 pandemic on its business and operations is uncertain and it may be significant and continue to have an adverse effect on its business, operations and the company future financial performance.

10. The company is dependent on its Promoter, management team, a number of Key Managerial Personnel and persons with technical expertise and the loss of or the company inability to attract or retain such persons could adversely affect its business, results of operations and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 648.93 563.89 511.97
Total Liabilities 648.93 563.89 511.97
Total Expenses 519.08 420.69 356.73
Total Revenue 
579.78 479.92 402.49
Profit After Tax 46.82 47.06 34.73
EBITDA 86.32 82.65 70.05
Adjusted EBITDA 0 0 0

Rishabh Instruments Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-09-11 543977 RISHABH
INE0N2P01017
₹441 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹441 ₹441
Open ₹460 ₹460.05
Low ₹432.25 ₹432.35
High ₹469.65 ₹470
Low ₹432.25 ₹432.35

Frequently Asked Questions

What is Rishabh Instruments Ltd IPO?

Answer Field

Rishabh Instruments Ltd IPO is a Mainboard IPO of 1,12,22,436 equity shares of a face value of ₹10 aggregating up to ₹469.1 Crores. The issue is priced at ₹441 to ₹441 per share. The minimum order quantity is 34 Shares. The IPO opens on August 30, 2023, and closes on September 01, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Rishabh Instruments Ltd IPO will open?

Answer Field

The Rishabh Instruments Ltd IPO opens on August 30, 2023 and closes on September 01, 2023.

What is the lot size of Rishabh Instruments Ltd?

Answer Field

Rishabh Instruments Ltd lot size is 34 shares, and the minimum amount required is ₹14,994.

How to apply for Rishabh Instruments Ltd IPO?

Answer Field

You can apply in Rishabh Instruments Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Rishabh Instruments Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Rishabh Instruments Ltd IPO will be done on September 06, 2023, and the allotted shares will be credited to your demat account by September 08, 2023.

When is Rishabh Instruments Ltd IPO listing date?

Answer Field

The Rishabh Instruments Ltd listing date is September 11, 2023.

Who is the registrar of Rishabh Instruments Ltd IPO?

Answer Field

The registrar of Rishabh Instruments Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

DAM Capital Advisors Ltd,Mirae Asset Capital Markets (India) Pvt Ltd,Motilal Oswal Investment Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Rishabh Instruments Ltd IPO?

Answer Field

The fresh issue size is ₹75 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Rishabh Instruments Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 34 shares and ₹14,994 amount.

How can I approve the UPI mandate request for Rishabh Instruments Ltd IPO?

Answer Field

To apply for Rishabh Instruments Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Rishabh Instruments Ltd?

Answer Field

The price of each Rishabh Instruments Ltd share will be ranging in between ₹441 to ₹441 per share.

What is the cut-off time for the UPI mandate for Rishabh Instruments Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 01, 2023.

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