Rishabh Instruments IPO Date, Review, Price, Allotment Details

Rishabh Instruments IPO Details: Rishabh Instruments IPO date is fixed, the IPO is to hit the market on August 30 and will close on September 1. Rishabh Instruments IPO to raise around ₹491 crores via IPO that comprises fresh issue of ₹75 Crores and offer for sale up to 9,428,178 shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Rishabh Instruments IPO

Table of Contents

Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering, and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive, and industrial sectors. The company supplies a wide range of electrical measurement and process optimization equipment and is engaged in designing, developing manufacturing, and sale of devices significantly under their brand across several sectors.

They also provide complete aluminium high-pressure die-casting solutions for customers requiring close tolerance
fabrication (such as automotive compressor manufacturers and automation high precision flow meters manufacturers), machining and finishing of precision components. They are a global leader in manufacturing and supply of analog panel meters, and we are among the leading global companies in terms of manufacturing and supply of low voltage current transformers (Source: F&S Report). Rishabh Instruments acquired Lumel Alucast, a non-ferrous pressure casting company in Europe. Lumel is the most popular brand in Poland for meters, controllers, and recorders and Lumel Alucast is one of the leading non-ferrous pressure casting players in Europe (Source: F&S Report).

They are a vertically integrated player involved in designing, developing, manufacturing, and supplying (a) electrical automation devices; (b) metering, control, and protection devices; (c) portable test and measuring instruments; and (d) solar string inverters. The company has over 164 authorized distributors/stockists catering to international customers across 70 countries including Germany, the United States, the United Kingdom, Australia, the Middle East, etc. Lumel has 15 authorized distributors/stockists in Poland, and over 20 authorized distributors/stockists outside Poland.

Objects of the Issue

  • Financing the cost towards the expansion of Nashik Manufacturing Facility I, and
  • General corporate purposes.

Rishabh Instruments IPO Review (Apply or Not)


Brokerage Firm IPO Review

  • HENSEX Securities – Apply

Rishabh Instruments IPO Date & Price Band Details

IPO Open:August 30, 2023
IPO Close:September 1, 2023
IPO Size:Approx ₹491 Crores
Fresh Issue:Approx ₹75 Crores
Offer for Sale:Approx 9,428,178 shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹418 to ₹441 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Rishabh Instruments IPO Market Lot

The Rishabh Instruments IPO minimum market lot is 34 shares with ₹14,994 application amount. The retail investors can apply up-to 13 lots with 442 shares or ₹194,922 amount.

ApplicationLot SizeSharesAmount
Retail Minimum134₹14,994
Retail Maximum13442₹194,922
S-HNI Minimum14476₹209,916
B-HNI Minimum672,278₹1,004,598

Rishabh Instruments IPO Allotment & Listing Dates

The Rishabh Instruments IPO date is August 30 and the close date is September 1. The Rishabh Instruments IPO allotment will be finalized on September 6, and the IPO listing on September 11.

Price Band Announcement:August 25, 2023
Anchor Investors Allotment:August 29, 2023
IPO Open Date:August 30, 2023
IPO Close Date:September 1, 2023
Basis of Allotment:September 6, 2023
Refunds:September 7, 2023
Credit to Demat Account:September 8, 2023
IPO Listing Date:September 11, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Rishabh Instruments IPO Form

How to apply for the Rishabh Instruments IPO? You can apply for Rishabh Instruments IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Rishabh Instruments IPO in the Invest section. The other option is you can apply for Rishabh Instruments IPO via IPO forms downloaded via NSE and BSE. Check out the Rishabh Instruments forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Rishabh Instruments Company Financial Report

  ₹ in Crores

Rishabh Instruments IPO Valuation – FY2023

Check Rishabh Instruments IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹12.84 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):11.67%
Net Asset Value (NAV):₹109.98 per Equity Share

Peer Group

  • NA

Company Promoters

  • Narendra Joharimal Goliya

Rishabh Instruments IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

Rishabh Instruments IPO Allotment Status Check

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

Rishabh Instruments IPO Lead Managers aka Merchant Bankers

  • Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
  • Motilal Oswal Investment Advisors Pvt Ltd
  • Mirae Asset Capital Markets (India) Private Limited

Company Address

Rishabh Instruments Limited
A-54, MIDC, Opposite,
MIDC Bus Depot, Andheri (East)
Mumbai – 400 093
Phone: +91 253 220 2183
Email: [email protected]
Website: https://rishabh.co.in/

Rishabh Instruments IPO FAQs

What is Rishabh Instruments IPO?

Rishabh Instruments IPO is a main-board IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹418 to ₹441 pr equity share. The IPO is to be listed on BSE & NSE.

When Rishabh Instruments IPO will open?

The IPO is to open on August 30, 2023 for QIB, NII, and Retail Investors.

What is Rishabh Instruments IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Rishabh Instruments IPO?

You can apply for Rishabh Instruments IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Rishabh Instruments IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Rishabh Instruments”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Rishabh Instruments IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rishabh Instruments”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Rishabh Instruments IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Rishabh Instruments”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Rishabh Instruments IPO Size?

Rishabh Instruments IPO size is ₹[.] crores.

What is Rishabh Instruments IPO Price Band?

Rishabh Instruments IPO Price Band is ₹418 to ₹441.

What is the Rishabh Instruments IPO Allotment Date?

Rishabh Instruments IPO allotment date is September 6, 2023.

What is the Rishabh Instruments IPO Listing Date?

Rishabh Instruments IPO listing date is September 11, 2023. The IPO is to list on BSE and NSE.

Note: The Rishabh Instruments IPO price band and date are officially announced. The IPO grey market premium (Rishabh Instruments IPO Premium) will be added to the IPO grey market page as it will start).

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