Rishabh Instruments IPO GMP, Price, Date, Allotment

0

Last updated on September 11, 2023

Rishabh Instruments IPO GMP

Rishabh Instruments IPO Description – Incorporated in 1982, Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering, 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 its own brand across several sectors.

Rishabh Instruments provides comprehensive solutions to customers looking for cost-effective ways to measure, control, record, analyze, and optimize energy and processes through its 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.

Rishabh Instruments

The company is a vertically integrated player involved in designing, developing, manufacturing, and supplying:

  • Electrical Automation Devices
  • Metering, Control, and Protection Devices
  • Portable Test and Measuring Instruments
  • Solar String Inverters

Rishabh Instruments’ product portfolio consists of over 145 product lines and 0.13 million stock-keeping units as of 31 October 2022. In the six months ended 30 September 2022 and FY 2022, 2021, and 2020, it manufactured an aggregate of 6.65 million units, 14.02 million units, 13.35 million, and 15.71 million units of products, respectively, across the product lines. The company has served customers in over 100 countries. Rishabh Instruments R&D centers in India, Poland, and China are staffed with a team of 93 engineers as of 31 October 2022.

Promoters of Rishabh Instruments – Narendra Joharimal Goliya


Rishabh Instruments IPO Details

Rishabh Instruments IPO Dates30 Aug – 1 Sep 2023
Rishabh Instruments IPO Price INR 418 – 441 per share
Fresh issue1,700,680 shares (INR 71.09 – 75.0 crore)
Offer For Sale94,28,178 shares (INR 394.10 – 415.78 crore)
Total IPO size11,128,858 shares (INR 465.19 – 490.78 crore)
Minimum bid (lot size)34 shares (INR 14,994)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Rishabh Instruments Financial Performance

 FY 2021FY 2022FY 2023
Revenue389.96470.25569.54
Expenses356.73420.70519.08
Net income35.9449.6549.69
Margin (%)9.2210.568.73
Figures in INR Crores unless specified otherwise

Rishabh Instruments Offer News


Rishabh Instruments Valuations & Margins

FY 2021FY 2022FY 2023
EPS9.3212.8912.76
PE ratio32.76 – 34.56
RONW (%)11.6113.8211.67
NAV80.3393.38109.98
ROCE (%)12.1615.2013.77
EBITDA (%)17.9617.5715.16
Debt/Equity0.350.280.26
As per Consolidated Financial Information

Rishabh Instruments IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
9 September 2023652501,800
8 September 2023652501,800
7 September 2023702501,800
6 September 2023702501,800
5 September 2023652501,800
4 September 2023652501,800
2 September 2023652501,800
1 September 2023752502,000
31 August 2023602,000
30 August 2023452,500
29 August 2023303,000

Rishabh Instruments IPO Subscription – Live Updates

Category QIBNIIRetailTotal
Shares Offered22,25,77216,69,32938,95,10177,90,202
1 Sep 202372.5431.288.4131.63
31 Aug 20230.224.652.792.46
30 Aug 20230.011.240.920.73

Rishabh Instruments IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe-long term
Antique Stock Broking –
Arihant Capital – Subscribe for listing gains
Ashika Research –
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe for listing gains
Choice Broking – Subscribe with Caution
Elite Wealth – Avoid
Geojit Securities –
GEPL Capital – Subscribe
Hem Securities – Subscribe
Hensex Securities – Subscribe
ICICI direct –
Jainam Broking – Subscribe for listing gain
KR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking – Neutral
Samco Securities –
SBI Securities – Subscribe for long term
SMC Global –
Sushil Finance – High-risk investors may apply
Swastika Investmart –
Ventura Securities – Not rated


Rishabh Instruments Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com


Rishabh Instruments Contact Details

RISHABH INSTRUMENTS LIMITED
F-31, MIDC, Satpur, Nashik 422 007, Maharashtra, India
Phone: +91 253 220 2183
E-mail: [email protected]
Website: www.rishabh.co.in


Rishabh Instruments IPO Allotment Status

Rishabh Instruments IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.


Rishabh Instruments IPO Dates & Listing Performance

Rishabh Instruments IPO Opening Date30 August 2023
Rishabh Instruments IPO Closing Date1 September 2023
Finalisation of Basis of Allotment6 September 2023
Initiation of refunds7 September 2023
Transfer of shares to demat accounts8 September 2023
Rishabh Instruments IPO Listing Date11 September 2023
Opening Price on NSEINR 460.05 per share (up 4.32%)
Closing Price on NSEINR 443.15 per share (up 0.49%)

Rishabh Instruments IPO FAQs

How many shares in Rishabh Instruments IPO are reserved for HNIs and retail investors?

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

How to apply in Rishabh Instruments Public Offer?

The best way to apply in Rishabh Instruments public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Rishabh Instruments IPO GMP today?

Rishabh Instruments IPO GMP today is INR 65 per share.

What is Rishabh Instruments kostak rate today?

Rishabh Instruments kostak rate today is INR 250 per application.

What is Rishabh Instruments Subject to Sauda rate today?

Rishabh Instruments Subject to Sauda rate today is INR 1,800 per application.

LEAVE A REPLY

Please enter your comment!
Please enter your name here