Established in 1982, Rishabh Instruments Limited is a dynamic player in the manufacturing sector, specializing in the creation, design, and advancement of Test and Measuring Instruments and Industrial Control Products.
With a keen focus on delivering effective solutions, the company engages in the measurement, control, recording, analysis, and optimization of energy and processes, facilitated through an extensive product lineup. Additionally, Rishabh Instruments caters to the specialized demands of precision components, offering comprehensive aluminum high-pressure die-casting solutions. These services include close tolerance fabrication, machining, and finishing, with applications spanning industries such as automotive compressor manufacturing and high precision flow meter manufacturing for automation.
A notable development occurred in 2011 when Rishabh Instruments acquired Lumel Alucast, a non-ferrous pressure casting company based in Europe. This strategic move bolstered the company’s capabilities in the manufacturing and supply of low-voltage current transformers. The company extends its expertise in various manufacturing services, encompassing mold design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services (EMS), and software solutions like MARC.
Rishabh Instruments operates through four distinct segments:
- Electrical Automation Devices
- Metering, Control, and Protection Devices
- Portable Test and Measuring Instruments
- Solar String Inverters
The company’s influence is widespread, facilitated by three dedicated manufacturing units and a robust network of over 270 dealers across the globe. This extensive outreach spans across more than 70 countries, encompassing a strong presence in India as well with over 150 dealers covering every state of the nation.
Rishabh Instruments Ltd Stock Quote #
- Open: ₹460.00
- High – Low: ₹470.00 – ₹443.00
- Previous Close: ₹443.15
- Total Traded Value: 17,41,556
- 52 Weeks High: ₹469.90 (Sep 12, 2023)
- 52 Weeks Low: ₹432.25 (Sep 11, 2023)
- Updated On: Sep 12, 2023 4:00 PM
IPO Details #
Rishabh Instruments IPO is a Book Built Issue. The IPO total issue size is Rs 490.78 Cr. The Rishabh Instruments IPO price is ₹418 to ₹441 per share. The IPO will list on BSE, NSE.
| IPO Date | August 30, 2023 to September 1, 2023 |
| Listing Date | September 11, 2023 |
| 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 | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 36,260,678 |
| Share holding post issue | 37,961,358 |
Rishabh Instruments IPO Reservation #
Rishabh Instruments IPO a total of 11,128,858 shares are offered. QIB: 2,225,772 (20.00%), RII: 3,895,101 (35.00%), NII: 1,669,329 (15.00%).
| 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 Anchor Investors Details #
IPO raises Rs 147.23 crore from anchor investors. Rishabh Instruments IPO Anchor bid date is August 29, 2023. Rishabh Instruments IPO Anchor Investors list
| Bid Date | August 29, 2023 |
| Shares Offered | 3,338,656 |
| Anchor Portion Size (In Cr.) | 147.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 20, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 18, 2024 |
Rishabh Instruments IPO Timetable (Tentative) #
Rishabh Instruments IPO opens on August 30, 2023, and closes on September 1, 2023.
| IPO Open Date | Wednesday, August 30, 2023 |
| IPO Close Date | Friday, September 1, 2023 |
| Basis of Allotment | Wednesday, September 6, 2023 |
| Initiation of Refunds | Thursday, September 7, 2023 |
| Credit of Shares to Demat | Friday, September 8, 2023 |
| Listing Date | Monday, September 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 1, 2023 |
Rishabh Instruments IPO Lot Size #
The minimum lot size of this Rishabh Instruments IPO is 34 shares required is ₹14,994.
| 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 |
| Lot Size Calculator | |||
Rishabh Instruments IPO Promoter Holding #
Mr. Narendra Joharimal Goliya is the promoter of the company.
| Pre Issue Share Holding | 80.67% |
| Post Issue Share Holding | 70.68% |
Company Financials #
| 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 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 1674.1 |
| ROE | 12.39% |
| ROCE | 13.77% |
| Debt/Equity | 0.26 |
| EPS (Rs) | 12.84 |
| RoNW | 11.67% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Financing the cost towards the expansion of Nashik Manufacturing Facility I, and
- General corporate purposes.
Rishabh Instruments IPO Subscription Status (Bidding Detail) #
The Rishabh Instruments IPO is subscribed 31.65 times on Sep 1, 2023 7:02:00 PM. The public issue subscribed 8.44 times in the retail category, 72.54 times in the QIB category, and 31.29 times in the NII category.
| Category | Subscription (times) |
|---|---|
| QIB | 72.54 |
| NII | 31.29 |
| bNII (bids above ₹10L) | 34.01 |
| sNII (bids below ₹10L) | 25.86 |
| Retail | 8.44 |
| Total | 31.65 |
Total Application : 865,227 (7.55 times)
Rishabh Instruments IPO Prospectus #
Rishabh Instruments IPO Listing Details #
| Listing Date | September 11, 2023 |
| BSE Script Code | 543977 |
| NSE Symbol | RISHABH |
| ISIN | INE0N2P01017 |
| Final Issue Price | ₹441 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹441.00 |
| ₹460.00 |
| ₹432.25 |
| ₹469.65 |
| ₹442.75 |
| NSE |
|---|
| ₹441.00 |
| ₹460.05 |
| ₹432.35 |
| ₹470.00 |
| ₹443.15 |
Company Contact Information #
A-54, MIDC, Opposite,
MIDC Bus Depot, Andheri (East)
Mumbai – 400 093
Phone: +91 253 220 2183
Email: cs@rishabh.co.in
Website: https://rishabh.co.in/
Rishabh Instruments Limited IPO Registrar #
Phone: 04067162222, 04079611000
Email: rishabh.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Rishabh Instruments Limited IPO Lead Manager(s) #
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) (Past IPO Performance)
- Motilal Oswal Investment Advisors Pvt Ltd (Past IPO Performance)
- Mirae Asset Capital Markets (India) Private Limited (Past IPO Performance)
FAQs #
What is the price range for the Rishabh Instruments IPO? #
The Rishabh Instruments IPO is priced between ₹418 to ₹441 per share.
What is the lot size for the Rishabh Instruments IPO? #
The lot size for the Rishabh Instruments IPO is 34 shares.
When is the IPO subscription period for Rishabh Instruments? #
The Rishabh Instruments IPO subscription period was from August 30, 2023, to September 1, 2023.
What are the key financial indicators for Rishabh Instruments? #
Rishabh Instruments reported a market cap of ₹1674.1 Crores, with an ROE of 12.39% and ROCE of 13.77%.
How many manufacturing units does Rishabh Instruments have? #
Rishabh Instruments operates through three dedicated manufacturing units.
Who are the promoters of Rishabh Instruments? #
Mr. Narendra Joharimal Goliya is the promoter of Rishabh Instruments.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
