Rishabh Instruments Ltd
Price Range
₹418 - ₹441
Min. Quantity
34
Closes on
1 September 2023
Min. investment
₹14,994/442 Shares
Rishabh Instruments Ltd IPO Timeline
Rishabh Instruments Limited was incorporated as a Private Limited Company with the name 'Rishabh Instruments Private Limited', under the Companies Act, 1956, dated October 6, 1982, granted by the ROC. On conversion of the Company into Public Limited on September 8, 2022, name was changed to 'Rishabh Instruments Limited' and the RoC issued a fresh Certificate of Incorporation on September 22, 2022.
| Event | Date |
|---|---|
| Rishabh Instruments Ltd IPO Opening Date | 30 August 2023 |
| Rishabh Instruments Ltd IPO Closing Date | 1 September 2023 |
| Basis of Allotment | 6 September 2023 |
| Initiation of Refunds | 7 September 2023 |
| Credit of Shares to Demat | 8 September 2023 |
| Rishabh Instruments Ltd IPO Listing Date | 11 September 2023 |
Rishabh Instruments Ltd IPO Details
| Rishabh Instruments Ltd IPO Date | 30 August 2023 to 1 September 2023 |
| Rishabh Instruments Ltd IPO Face Value | ₹10 per share |
| Rishabh Instruments Ltd IPO Price | ₹418 to ₹441 per share |
| Rishabh Instruments Ltd IPO Lot Size | 34 |
| Issue Size | Shares of ₹10 (aggregating up to ₹490.78 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹75 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹394.1 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 22,25,772 of the Net Offer |
| Retail Shares Offered | Not less than 38,95,101 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 16,69,329 of the Net Offer |
| Company Promoters | Narendra Joharimal Goliya |
Rishabh Instruments Ltd IPO Lot Size
The Rishabh Instruments Ltd IPO lot size is 34 shares. A retail-individual investor can apply for up to 13 lots (442 shares or ₹1,94,922).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 34 | ₹14,994 |
| Maximum | 13 | 442 | ₹1,94,922 |
- Strengths
- Risks
- Opportunities
- Ability to drive technology and innovation through advanced research and development capabilities;
- Global engineering solution provider operating in large addressable markets and well positioned to benefit from mega industrialisation trends;
- Vertically integrated operations, backed by strong manufacturing capabilities;
- Diversified product portfolio;
- Wide customer base;
- Track record of successful integration of acquired businesses or entities across geographies.
Company Financials
Rishabh Instruments Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 410.64 | 230.61 | 32.38 |
| 03-2023 | 304.96 | 201.05 | 18.68 |
| 03-2022 | 280.77 | 156.32 | 10.28 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Financing the project cost towards the expansion project
- General corporate purposes
Rishabh Instruments Ltd IPO Promoter Holding
| Pre Issue Share Holding | 44.85% |
| Post Issue Share Holding | 42.84% |
Rishabh Instruments Ltd IPO Subscription Status (Bidding Detail)
The Rishabh Instruments Ltd IPO is subscribed 31.65 times on 1 September 2023 05:00:00 PM. The public issue subscribed 8.44 times in the retail category, 72.54 times in the QIB category, and 31.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 72.54 | 31.29 | 8.44 | - | 31.65 |
Rishabh Instruments Ltd IPO Prospectus
Rishabh Instruments Ltd IPO Listing Date
| Listing Date | 11 September 2023 |
| BSE Script | 543977 |
| NSE Symbol | RISHABH |
| Listing In | BSE, NSE |
| ISIN | INE0N2P01017 |
| IPO Price | ₹441 |
| Face Value | ₹10 |
Company Contact Information
A-54 MIDC Andheri (East)Opposite MIDC Bus Depot,Mumbai-400093
Phone: 91-22-2825 4047
Email: cs@rishabh.co.in
Website: www.rishabh.co.in
Rishabh Instruments Ltd IPO Registrar
Rishabh Instruments Ltd IPO Lead Manager(s)
- DAM Capital Advisors Ltd
- Mirae Asset Capital Markets (India) Pvt Ltd
- Motilal Oswal Investment Advisors Ltd
FAQ
What is the issue size of Rishabh Instruments Ltd IPO?
I have pre-applied for Rishabh Instruments Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.