Rishabh Instruments IPO GMP Today ( Grey Market Premium )

Rishabh Instruments IPO GMP Today ( Grey Market Premium )

The Rishabh Instruments IPO commenced on August 30, 2023, and concluded on September 1, 2023. The allotment of shares took place on September 6, 2023, and the initiation of refunds began on September 7, 2023. The shares were credited to the demat accounts of investors on September 8, 2023. Finally, the listing of Rishabh Instruments on the stock exchange occurred on September 11, 2023.

The Rishabh Instruments IPO was priced at ₹418 to ₹441 per share, with a lot size of 34. The total issue size was ₹490.78 crores, comprising a fresh issue of 75.00 crores and an offer for sale of ₹415.78 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Rishabh Instruments IPO GMP Today:

DateGMPListing GainKostakSubject to
6 September 2023₹6614.97%
5 September 2023₹6614.97%
4 September 2023₹4810.88%
3 September 2023₹4810.88%
2 September 2023₹4810.88%
1 September 2023₹4810.88%
31 August 2023₹4810.88%
30 August 2023₹8318.82%

Rishabh IPO Basic Details

Company NameRishabh Instruments Limited
Domain of CompanyManufacturing, design, and
development of Test
and Measuring Instruments and
Industrial Control Products
Rishabh Instruments IPO GMP Today₹66
Rishabh Instruments IPO Listing Gain14.97%
Rishabh Instruments IPO Open DateAugust 30, 2023
Rishabh Instruments IPO Close DateSeptember 1, 2023
Rishabh Instruments IPO Allotment DateSeptember 6, 2023
Rishabh Instruments IPO Listing DateSeptember 11, 2023
Face Value₹10 per share
Price₹418 to ₹441 per share
Lot Size34 Shares
Issue Size11,128,858 shares of ₹10
(aggregating up to ₹490.78 Cr)
Fresh Issue1,700,680 shares of ₹10
(aggregating up to ₹75.00 Cr)
Offer for Sale9,428,178 shares of ₹10
(aggregating up to ₹415.78 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Company PromotersNarendra Joharimal Goliya

Rishabh Instruments IPO Details:

Established in 1982, Rishabh Instruments Limited specializes in manufacturing, designing, and developing Test and Measuring Instruments and Industrial Control Products. They offer cost-effective solutions for energy and process measurement, control, recording, analysis, and optimization.

Additionally, the company provides comprehensive solutions for aluminum high-pressure die-casting, catering to customers in need of precise fabrication, machining, and finishing of components. Notably, they serve automotive compressor manufacturers and automation high precision flow meter manufacturers.

In 2011, Rishabh Instruments expanded its operations by acquiring Lumel Alucast, a non-ferrous pressure casting company in Europe. This acquisition strengthened their position in manufacturing and supplying low-voltage current transformers. The company also offers various manufacturing services, including mold design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions like MARC.

Rishabh Instruments operates in four key segments: a) Electrical Automation Devices b) Metering, Control, and Protection Devices c) Portable Test and Measuring Instruments d) Solar String Inverters

With three manufacturing units and a global network of over 270 dealers, Rishabh Instruments serves customers in more than 70 countries. In India, they have a presence in every state through a network of over 150 dealers.

Rishabh Instruments IPO More Details Click Here

Rishabh Instruments IPO FAQs

When is Rishabh Instruments IPO open?

Rishabh Instruments IPO will open on 30 August 2023.

When is Rishabh Instruments IPO Close?

Rishabh Instruments IPO will be closed on 1 August 2023.

What is Rishabh Instruments IPO GMP Today?

The Rishabh Instruments IPO GMP aka Grey Market Premium is ₹66.

What is Rishabh Instruments IPO Kostak Rates Today?

The Rishabh Instruments IPO Kostak Rate is ₹000.

What is Rishabh Instruments IPO Subject to Sauda Price Today?

The Rishabh Instruments IPO subject to sauda rates is ₹000.

Rishabh Instruments IPO Expected Returns?

The Rishabh Instruments expected return is 14.97%.

How much will be the listing gain in Rishabh Instruments IPO?

Rishabh Instruments IPO will get listing gain of 14.97%. (Approx.)

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