Rishabh Instruments IPO Price: ₹418 to ₹441 per share
IPO Date Range: Aug 30, 2023 - Sep 1, 2023
Incorporated in 1982, Rishabh Instruments Limited is engaged in the manufacturing, designing, and developing Test and Measuring Instruments and Industrial Control Products.
Business Activities: Rishabh Instruments focuses on manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products.
| IPO Date | Aug 30, 2023 to Sep 1, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹418 to ₹441 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 11,128,858 shares (aggregating up to ₹490.78 Cr) |
| Fresh Issue | 1,700,680 shares (aggregating up to ₹75.00 Cr) |
| Offer for Sale | 9,428,178 shares of ₹10 (aggregating up to ₹415.78 Cr) |
| Issue Type | Shareholding pre issue |
| Listing At | BSE, NSE |
| Share holding pre issue | 36,260,678 |
| Shareholding post issue | 37,961,358 |
For Rishabh Instruments, the minimum lot size is 34 shares.
| 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 |
| Anchor Investor Shares Offered | 3,338,656 (30.00%) |
| QIB Shares Offered | 2,225,772 (20.00%) |
| NII (HNI) Shares Offered | 1,669,329 (15.00%) |
| Retail Shares Offered | 3,895,101 (35.00%) |
| Total Shares Offered | 11,128,858 (100%) |
| IPO Open Date | Wednesday, 30 August 2023 |
| IPO Close Date | Friday, 1 September 2023 |
| Basis of Allotment | Wednesday, 6 September 2023 |
| Initiation of Refunds | Thursday, 7 September 2023 |
| Credit of Shares to Demat | Friday, 8 September 2023 |
| Listing Date | Monday, 11 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 1, 2023 |
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Rishabh Instruments reported assets of ₹648.93 Cr and a revenue of ₹579.78 Cr as of Mar 31, 2023. Here you can get the complete data of past three years:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 511.97 | 563.89 | 648.93 |
| Revenue | 402.49 | 479.92 | 579.78 |
| Profit After Tax | 35.94 | 49.65 | 49.69 |
| Net Worth | 302.13 | 346.10 | 408.75 |
| Reserves and Surplus | |||
| Total Borrowing | 91.95 | 96.57 | 102.85 |
The market capitalization of Rishabh Instruments IPO stands at Rs 1674.1 Crore, with a P/E ratio of 33.69.
| KPI | Values |
|---|---|
| P/E (x) | 33.69 |
| Market Cap (₹ Cr.) | 1674.1 |
| ROE | 12.39% |
| ROCE | 13.77% |
| Debt/Equity | 0.26 |
| EPS (Rs) | 12.84 |
| RoNW | 11.67% |
Purpose: Rishabh Instruments aims to finance the expansion of its Nashik Manufacturing Facility I and for general corporate purposes.
Prospectus: Official documents that provide detailed information about the IPO and the company. Rishabh Instruments IPO DRHP and Rishabh Instruments IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the "Rishabh Instruments Limited" IPO is ₹418 to ₹441 per share.
The "Rishabh Instruments Limited" IPO is expected to be listed on Monday, 11 September 2023.
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