The Rishabh Instruments IPO started on August 30, 2023, and ended on September 1, 2023. Shares were allocated on September 6, 2023, and refund processes began on September 7, 2023. On September 8, 2023, the shares were credited to investors demat accounts. Rishabh Instruments was officially listed on the stock exchange on September 11, 2023.
During the IPO, Rishabh Instruments offered shares at a price range of ₹418 to ₹441 per share, and the lot size was 34 shares. The total issue size was ₹490.78 crores, with ₹75.00 crores from new shares and ₹415.78 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Rishabh IPO Subscription Update Video
Rishabh Instruments IPO Subscription Status
The Rishabh Instruments IPO on September 1, 2023 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, the 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 Basic Details
| Company Name | Rishabh Instruments Limited |
| Domain of Company | Manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products |
| IPO Open Date | August 30, 2023 |
| IPO Close Date | September 1, 2023 |
| IPO Allotment Date | September 6, 2023 |
| 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 |
About Rishabh Instruments Limited
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 Should you subscribe?
Rishabh Instruments IPO More Details Click Here
Rishabh Instruments IPO FAQs
What is the start and end date of Rishabh Instruments IPO Subscription?
The Rishabh Instruments IPO started on August 30, 2023, and ended on September 1, 2023.
When does Rishabh Instruments IPO Subscription open?
The Rishabh Instruments IPO open on August 30, 2023.
When does Rishabh Instruments IPO Subscription close?
The Rishabh Instruments IPO Close on September 1, 2023.
What is the allotment date of Rishabh Instruments IPO?
The allotment date for Rishabh Instruments IPO is September 6, 2023.
When is the initial refund date of Rishabh Instruments IPO?
The initial Refund date for Rishabh Instruments IPO is September 7, 2023.
When were the shares credited to investors demat accounts for the Rishabh Instruments IPO?
The shares for the Rishabh Instruments IPO were credited to investors demat accounts on September 8, 2023.
When will Rishabh Instruments IPO be listed on the stock market?
Rishabh Instruments IPO stock market will be listed on September 11, 2023 at 10 am.
What was the price range of the Rishabh Instruments IPO shares?
The Rishabh Instruments IPO shares were offered at a price range of ₹418 to ₹441 per share.
What was the lot size for the Rishabh Instruments IPO shares?
The lot size for the Rishabh Instruments IPO shares was 34 shares.
What was the total issue size of the Rishabh Instruments IPO?
The total issue size of the Rishabh Instruments IPO was ₹490.78 crores.
How were the shares allocated among different types of investors for the Rishabh Instruments IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Rishabh Instruments IPO listed?
The Rishabh Instruments IPO was listed on both the NSE and BSE.
What is the Rishabh Instruments IPO Subscription Status?
Rishabh Instruments IPO is subscribed 2.48 Times.
