Rishabh Instruments IPO GMP, Price, Date, Allotment

Last updated on September 11, 2023

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.

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 Dates	30 Aug – 1 Sep 2023
Rishabh Instruments IPO Price	INR 418 – 441 per share
Fresh issue	1,700,680 shares (INR 71.09 – 75.0 crore)
Offer For Sale	94,28,178 shares (INR 394.10 – 415.78 crore)
Total IPO size	11,128,858 shares (INR 465.19 – 490.78 crore)
Minimum bid (lot size)	34 shares (INR 14,994)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE, BSE

---

Rishabh Instruments Financial Performance

	FY 2021	FY 2022	FY 2023
Revenue	389.96	470.25	569.54
Expenses	356.73	420.70	519.08
Net income	35.94	49.65	49.69
Margin (%)	9.22	10.56	8.73

---

Rishabh Instruments Offer News

• Rishabh Instruments RHP
• Rishabh Instruments DRHP
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

---

Rishabh Instruments Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	9.32	12.89	12.76
PE ratio	–	–	32.76 – 34.56
RONW (%)	11.61	13.82	11.67
NAV	80.33	93.38	109.98
ROCE (%)	12.16	15.20	13.77
EBITDA (%)	17.96	17.57	15.16
Debt/Equity	0.35	0.28	0.26

---

Rishabh Instruments IPO GMP Today (Daily Trend)

Date	Day-wise IPO GMP	Kostak	Subject to Sauda
9 September 2023	65	250	1,800
8 September 2023	65	250	1,800
7 September 2023	70	250	1,800
6 September 2023	70	250	1,800
5 September 2023	65	250	1,800
4 September 2023	65	250	1,800
2 September 2023	65	250	1,800
1 September 2023	75	250	2,000
31 August 2023	60	–	2,000
30 August 2023	45	–	2,500
29 August 2023	30	–	3,000

---

Rishabh Instruments IPO Subscription – Live Updates

Category	QIB	NII	Retail	Total
Shares Offered	22,25,772	16,69,329	38,95,101	77,90,202
1 Sep 2023	72.54	31.28	8.41	31.63
31 Aug 2023	0.22	4.65	2.79	2.46
30 Aug 2023	0.01	1.24	0.92	0.73

---

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 Date	30 August 2023
Rishabh Instruments IPO Closing Date	1 September 2023
Finalisation of Basis of Allotment	6 September 2023
Initiation of refunds	7 September 2023
Transfer of shares to demat accounts	8 September 2023
Rishabh Instruments IPO Listing Date	11 September 2023
Opening Price on NSE	INR 460.05 per share (up 4.32%)
Closing Price on NSE	INR 443.15 per share (up 0.49%)

---

Rishabh Instruments IPO FAQs