Rishabh Instruments IPO Details ( Rishabh Instruments Limited IPO Review )
(30 Aug 2023 – 1 Sep 2023)
Rishabh Instruments Limited, established in 1982, is in the business of creating Test and Measuring Instruments as well as Industrial Control Products. They offer cost-effective solutions for measuring, controlling, recording, analyzing, and optimizing energy and processes through a wide range of products.
Additionally, they provide comprehensive solutions for aluminum high-pressure die-casting, catering to customers with precise fabrication needs like automotive compressor manufacturers and automation high-precision flow meter manufacturers, including machining and finishing of precision components.
In 2011, Rishabh Instruments acquired Lumel Alucast, a non-ferrous pressure casting company in Europe. This strategic move helped them strengthen their position in manufacturing and supplying low-voltage current transformers. They also offer various manufacturing services such as mold design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions like MARC.
Rishabh Instruments operates in four segments:
- Electrical automation devices
- Metering, control, and protection devices
- Portable test and measuring instruments
- Solar string inverters
With three manufacturing units and a network of over 270 dealers worldwide, they serve more than 70 countries. In India alone, they have over 150 dealers covering every state.
Rishabh Instruments Limited IPO Competitive Strength
- 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 industrialization 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
- Global and integrated business model increasing cost competitiveness and de-risking customer supply chain
- Well-established and recognised brands
- Strong and demonstrated management capabilities
Rishabh Instruments IPO Financials Performance ( Results )
Rishabh Instruments Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 511.97 | 402.49 | 35.94 | 9.32 | 302.13 | 91.95 | ||
| 31-Mar-22 | 563.89 | 479.92 | 49.65 | 12.89 | 346.10 | 93.38 | 96.57 | |
| 31-Mar-23 | 648.93 | 579.78 | 49.69 | 12.76 | 408.75 | 109.98 | 102.85 |
Objective of IPO Issue
- Financing the cost towards the expansion of Nashik Manufacturing Facility I
- General corporate purposes
Rishabh Instruments IPO Basic Details
| IPO Date | Aug 30, 2023 to Sep 1, 2023 |
| Listing Date | Monday, September 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹418 to ₹441 per share |
| Lot Size | 34 Shares |
| Issue Size | 11,128,858 shares of ₹10 (aggregating up to ₹490.78 Cr) |
| Fresh Issue | 1,700,680 shares of ₹10 (aggregating up to ₹75.00 Cr) |
| Offer for Sale | 9,428,178 shares of ₹10 (aggregating up to ₹415.78 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 36,260,678 |
| Share holding post issue | 37,961,358 |
| Company Promoters | Narendra Joharimal Goliya |
Rishabh IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Rishabh IPO Timetable
Rishabh IPO will open on August 30, 2023 and close on September 1, 2023. You can join Rishabh IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 August 2023 (Wednesday) |
| Closing Date | 1 September 2023 (Friday) |
| Basis of Allotment | 6 September 2023 (Wednesday) |
| Initiation of Refunds | 7 September 2023 (Thursday) |
| Credit of Shares to Demat | 8 September 2023 (Friday) |
| Listing Date | 11 September 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 1 September 2023 |
Rishabh IPO Lot Size
For retail investors in Rishabh IPO, 34 shares will come in 1 lot or the minimum investment will be ₹14,994. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹194,922.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 34 | ₹14,994 |
| Retail (Max) | 13 | 442 | ₹194,922 |
| S-HNI (Min) | 14 | 476 | ₹209,916 |
| S-HNI (Max) | 66 | 2,244 | ₹989,604 |
| B-HNI (Min) | 67 | 2,278 | ₹1,004,598 |
Rishabh Instruments IPO Promoter Holding
The company’s promoters include Mr. Narendra Joharimal Goliya.
| Pre Issue Share Holding | 80.67% |
| Post Issue Share Holding | 70.68% |
Rishabh Instruments Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 1674.1 |
| Earning Per Share (EPS) | ₹12.76 per Equity Share |
| Net Asset Value (NAV) | ₹109.98 per Equity Share |
| P/E Ratio (P/E) (x) | 33.69 |
| Return on Net Worth (RoNW) (%) | 11.67 |
| Return on equity (ROE) (%) | 12.39 |
| Return on Capital Employed (ROCE) (%) | 13.77 |
| Debt/Equity Ratio | 0.26 |
Rishabh Instruments Ltd Peer Comparison
There are no comparable listed companies in India or globally that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company
Rishabh Instruments IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 6 September 2023 | ₹66 | – | – |
| 5 September 2023 | ₹66 | – | – |
| 4 September 2023 | ₹66 | – | – |
| 3 September 2023 | ₹48 | – | – |
| 2 September 2023 | ₹48 | – | – |
| 1 September 2023 | ₹48 | – | – |
| 31 August 2023 | ₹48 | – | – |
| 30 August 2023 | ₹83 | – | – |
Rishabh Instruments IPO Detail Video:
Rishabh Instruments IPO Subscription Status (Bidding Detail)
The Rishabh Instruments IPO on September 1, 2023 at 7:30:00 PM was subscribed 31.65 times, with the retail category being subscribed 8.44 times, the NII (Non-Institutional Investor) category being subscribed 31.29 times, QIB (Qualified-Institutional Buyers) category being subscribed 72.54 times.
| Category | Subscription |
| QIB | 72.54x |
| NII | 31.29x |
| Retail | 8.44x |
| Total | 31.65x |
Rishabh Instruments IPO Prospectus
| Rishabh Instruments IPO DRHP | Download |
| Rishabh Instruments IPO RHP | Download |
| Rishabh Instruments IPO Anchor Investors Details PDF | Download |
Rishabh Instruments IPO Rating
| Our Rating | 3.0/5.0 |
Rishabh Instruments Company Contact Information
Rishabh Instruments Limited
Registered Office: A-54, MIDC, Opposite MIDC Bus Depot,
Andheri (East) Mumbai 400 093, Maharashtra, India
Tel: +91 22 282 54047
Corporate Office: F-31, MIDC, Satpur, Nashik 422 007, Maharashtra, India
Tel: +91 253 220 2183
Contact Person: Ajinkya Joglekar, Company Secretary and Compliance Officer
Tel: +91 253 220 2183
E-mail: cs@rishabh.co.in
Website: www.rishabh.co.in
Corporate Identity Number: U31100MH1982PLC028406
Rishabh Instruments IPO Registrar
KFin Technologies Limited
Registered Office: Selenium, Tower B, Plot No. – 31 and 32 Financial District
Nanakramguda, Serilingampally Hyderabad, Rangareddy 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: rishabh.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221
CIN: U72400TG2017PLC117649
Rishabh Instruments IPO Lead Manager
DAM Capital Advisors Limited
Registered Office: One BKC, Tower C, 15th Floor Unit No. 1511,
Bandra Kurla Complex Bandra (East), Mumbai 400 051
Maharashtra, India
Tel: +91 22 4202 2500
E-mail: rishabh.ipo@damcapital.in
Investor Grievance E-mail: complaint@damcapital.in
Website: www.damcapital.in
Contact Person: Gunjan Jain
SEBI Registration No.: MB/INM000011336
Mirae Asset Capital Markets (India) Private Limited
Registered Office: 1st Floor, Tower 4, Equinox Business Park
LBS Marg, Off BKC, Kurla (West)
Mumbai 400 070, Maharashtra, India
Tel: +91 22 6266 1300
E-mail: rishabh.ipo@miraeassetcm.com
Website: https://cm.miraeasset.co.in/
Investor grievance e-mail: mbinvestors@miraeassetcm.com
Contact person: Rohan Menon
SEBI registration no.: INM000012485
Motilal Oswal Investment Advisors Limited
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah
Sayani Road, Opposite Parel ST Depot,
Prabhadevi, Mumbai 400 025 Maharashtra, India
Tel: +91 22 7193 4380
E-mail: rishabh.ipo@motilaloswal.com
Website: www.motilaloswalgroup.com
Investor grievance e-mail: moiaplredressal@motilaloswal.com
Contact person: Kirti Kanoria/ Ritu Sharma
SEBI registration no.: INM000011005
Rishabh Instruments IPO FAQs
What is the lot size of Rishabh Instruments IPO?
The total size of Rishabh Instruments IPO is ₹490.78 crores out of which ₹75.00 crores is fresh issue and ₹415.78 crores is offer for sale (OFS).
When will Rishabh Instruments IPO start?
Rishabh Instruments IPO will open from 30 August 2023 and IPO will close on 1 September 2023.
What is the open date of Rishabh Instruments IPO?
Rishabh Instruments IPO will open date from 30 August 2023.
What is the last date ( close date ) of Rishabh Instruments IPO?
Rishabh Instruments IPO will close from 1 September 2023.
What is the price band of Rishabh Instruments IPO?
Rishabh Instruments IPO price band is ₹418 to ₹441. ( Upper Price Band: ₹441, Lower Price Band: ₹418 )
What is the minimum amount required to apply for Rishabh Instruments IPO?
The minimum investment for retailers to apply for Rishabh Instruments IPO is ₹14,994 and the maximum investment is ₹194,922.
What is going on gray market premium of Rishabh Instruments IPO?
View gray market premium of Rishabh Instruments IPO by Clicking Here
How much is the GMP of Rishabh Instruments IPO?
Watch Rishabh Instruments IPO GMP Today: Click Here
What is the allotment date of Rishabh Instruments IPO?
The allotment date of Rishabh Instruments IPO is 6 September 2023.
How to check allotment status in Rishabh Instruments IPO?
To check the allotment status of Rishabh Instruments IPO, first of all go to the registrar website by clicking here, select your bad Rishabh Instruments IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Rishabh Instruments IPO?
The listing date of Rishabh Instruments IPO is 11 September 2023.
How much will be the listing gain in Rishabh Instruments IPO?
View listing gain of Rishabh Instruments IPO by Clicking Here
How much time Rishabh Instruments IPO is subscribed?
Total 31.65 times subscribed in Rishabh Instruments IPO out of which 8.44 times subscription was done in retail quota, 31.29 times subscription in NII quota and 72.54 times subscription in QIB quota.
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