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:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 6 September 2023 | ₹66 | 14.97% | – | – |
| 5 September 2023 | ₹66 | 14.97% | – | – |
| 4 September 2023 | ₹48 | 10.88% | – | – |
| 3 September 2023 | ₹48 | 10.88% | – | – |
| 2 September 2023 | ₹48 | 10.88% | – | – |
| 1 September 2023 | ₹48 | 10.88% | – | – |
| 31 August 2023 | ₹48 | 10.88% | – | – |
| 30 August 2023 | ₹83 | 18.82% | – | – |
Rishabh IPO Basic Details
| Company Name | Rishabh Instruments Limited |
| Domain of Company | Manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products |
| Rishabh Instruments IPO GMP Today | ₹66 |
| Rishabh Instruments IPO Listing Gain | 14.97% |
| Rishabh Instruments IPO Open Date | August 30, 2023 |
| Rishabh Instruments IPO Close Date | September 1, 2023 |
| Rishabh Instruments IPO Allotment Date | September 6, 2023 |
| Rishabh Instruments IPO Listing Date | 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 |
| Company Promoters | Narendra 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.)
