RISHABH INSTRUMENTS LIMITED
₹ 418 - ₹ 441
30-Aug-2023 - 01-Sep-2023
₹ 14994.00

/ 34 Shares

RISHABH INSTRUMENTS LIMITED

30-Aug-2023 - 01-Sep-2023

₹ 418 - ₹ 441

Price Band

₹ 14994.00

Minimum Investment

34

Bid Lot

11,128,858

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 114,561 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 75 Crore and Offer for Sale of 94,28,178 Equity Shares

Category % Shares/Amount
QIB 50% 5,564,428 Shares Rs.245.39 Cr
HNI 1 5% 556,444 Shares Rs. 24.54 Cr @ 1169 Form 1x
HNI 2 10% 1,112,885 Shares Rs. 49.08 Cr @ 2338 Form 1x
Retail 35% 3,895,101 Shares Rs. 171.77 Cr @ 114562 Form 1x

DAM Capital Ltd,Motilal Oswal

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
114562 Form 1x 1169 Form 1x 2338 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 34 ₹ 14,994
Retail (Upto 2 Lakh) 13 442 ₹ 194,922
S-HNI (2 Lakh to 10 Lakh) 14 476 ₹ 209,916
S-HNI (2 Lakh to 10 Lakh) 66 2244 ₹ 989,604
B-HNI (Above 10 Lakh) 67 2278 ₹ 1,004,598

IPO Timeline

  • Open Date

    30-Aug-2023

  • Close Date

    01-Sep-2023

  • Basis of Allotment Date

    06-Sep-2023

  • Initiation of Refunds

    07-Sep-2023

  • Credit Shares to Demat A/c

    08-Sep-2023

  • IPO Listing Date

    11-Sep-2023

Subscription as on
01-Sep-2023 18:47

Category Book Size Subscription No. of Times
QIB 2,225,772 ₹ 98.16 Cr. 161,457,840 ₹ 7120.29 Cr. 72.54x
HNI (<10 LAKH) 556,444 ₹ 24.54 Cr. 14,382,408 ₹ 634.26 Cr. 25.85x
HNI2 (>10 LAKH) 1,112,885 ₹ 49.08 Cr. 37,845,604 ₹ 1668.99 Cr. 34.01x
RETAIL 3,895,101 ₹ 171.77 Cr. 32,848,012 ₹ 1448.60 Cr. 8.43x
Total 7,790,202 246,533,864 31.65x
Category Book Size Subscription No. of Times
QIB 2,225,772 ₹ 98.16 Cr. 161,457,840 ₹ 7120.29 Cr. 72.54x
HNI (<10 LAKH) 556,444 ₹ 24.54 Cr. 14,382,408 ₹ 634.26 Cr. 25.85x
HNI2 (>10 LAKH) 1,112,885 ₹ 49.08 Cr. 37,845,604 ₹ 1668.99 Cr. 34.01x
RETAIL 3,895,101 ₹ 171.77 Cr. 32,848,012 ₹ 1448.60 Cr. 8.43x
Total 7,790,202 246,533,864 31.65x

*Excluding Anchor

Total No. of Application Approx : ~847319 (7.40 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Incorporated in 1982, Rishabh Instruments Limited is engaged in the business of manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products.
  • The company provides cost-effective solutions to measure, control, record, analyze, and optimize energy and processes through an array of products. It also provides complete aluminum 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.
  • In 2011, Rishabh Instruments acquired Lumel Alucast, a non-ferrous pressure casting company in Europe, which helped the company establish a strong foot in manufacturing and supply of low-voltage current transformers. The company also provides certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC).
  • Rishabh Instruments has 4 segments: (a) electrical automation devices; (b) metering, control, and protection devices; (c) portable test and measuring instruments; and (d) solar string inverters.
  • The company has 3 manufacturing units and more than 270 dealers across the globe, reaching 70+ countries and 150+ dealers across India covering every state.
Read More

Strengths

  • Enhance product innovation, engineering and design competence while focussing on higher value addition;
  • Expanding geographical footprint;
  • Continue to pursue the strategy for inorganic growth;
  • Target new customers and expand existing customer accounts;
  • Explore opportunities to tap emerging products and services segments;
  • Promote product localization.

Company Promoters

Narendra Joharimal Goliya is the Chairman and Managing Director of the company. Parappath Kottekode Ramakrishnan is a Non-Executive Director of the company. Alipt Sharma is a Non-Executive Nominee Director of the company. Krishnan Ganesan is a Non-Executive Nominee Director of the company. Rathin Kumar Banerjee is an Independent Director of the company. Siddharth Nandkishore Bafna is an Independent Director of the company. Astha Ashish Kataria is an Independent Director of the company. Lu

Company Financials

Rishabh Instruments IPO Financial Information (Restated Consolidated)
Period Ended 31 Mar 2021 31 Mar 2022 31 Mar 2023
Assets 511.97 563.89 648.93
Revenue 402.49 479.92 579.78
Profit After Tax 35.94 49.65 49.69
Net Worth 302.13 346.10 408.75
Reserves and Surplus      
Total Borrowing 91.95 96.57 102.85

Amount in ? Crore

Objects of the Issue

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

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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