Rishabh Instruments IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 01, 2023After successfully running for over 40 years, the company has drafted its IPO with SEBI. This article emphasizes the specifics of the recently released information regarding the Rishabh Instruments IPO.
The company has merely submitted the DRHP to SEBI thus far, and it has yet to be approved.
Continue reading to learn more about the firm, the IPO’s details, GMP, the Rishabh Instruments IPO Review, and how the market is responding to the approaching IPO.
| Face Value | Rs 10 |
| Price Band | Rs 418 to Rs 441 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 34 Shares |
| Listing Date | 11 September 2023 |
| Offer for Sale | Rs 415.78 Crore |
| Fresh Issue | Rs 75 Crore |
| IPO Size | Rs 490.78 Crore |
| Tick Size | 1 |
Rishabh Instruments IPO Overview
An international provider of energy efficiency solutions, Rishabh Instruments, has submitted preliminary paperwork to the market regulator Sebi to raise money through an initial public offering (IPO).
According to its draft red herring prospectus, the Rishabh Instruments IPO consists of a new issue of equity shares with a maximum value of Rs 75 crore and an offer for sale (OFS) of up to 94.17 lakh equity shares by its promoter group shareholders and a current investor.
Rishabh Instruments IPO Important Dates
| Events | Date |
| IPO Opening Date | 30 August 2023 |
| IPO Closing Date | 1 September 2023 |
| Basis of Allotment Finalization | 6 September 2023 |
| Refunds Initiation | 7 September 2023 |
| Credit of Shares to Demat Account | 8 September 2023 |
| Share Listing Date | 11 September 2023 |
Each time an IPO is listed, the relevant companies announce several crucial IPO dates. These dates provide a type of calendar for various activities related to the Rishabh Instruments IPO Dates.
There are currently no specifics available regarding the various dates, such as the bidding dates, allocation dates, refund dates, etc. As the time for the IPO listing draws near, the details will be made available in the table above.
Rishabh Instruments IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs 418 to Rs 441 |
| Offer for Sale | Rs 415.78 Crore |
| Fresh Issue | Rs 75 Crore |
| IPO Size | Rs 490.78 Crore |
The Rishabh Instruments IPO size will be a combination of new issuance and an offer for sale.
Currently, the only information regarding the issue size that has been made public in the DRHP is that the business intends to raise money through a new issuance worth Rs. 75 crores and an offer-for-sale (OFS) of 94.17 lakh equity shares.
The details of the Rishabh Instruments IPO price band will be provided in the table above as they become available.
Rishabh Instruments IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
Many investors follow the grey market of IPOs as well as the premium on which it is traded. The market is enthusiastic about the IPO when the trading premium over the price range is higher.
And it will always be lucrative to invest in such stocks. However, since the IPO has not yet gone live, there is no information about the Rishabh Instruments IPO GMP available. It will be updated in the above table as the IPO nears.
Rishabh Instruments IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 30th Aug | 0.01x | 1.25x | 0.96x | 0.75x |
| 2nd Day – 31st Aug | 0.22x | 4.66x | 2.83x | 2.48x |
| 3rd Day – 1st Sep | 0.23x | 5.75x | 3.53x | 3.06x |
| Shares Offered or Net Issue | 2,225,772 | 1,669,329 | 3,895,101 | 11,128,858 |
Investors can monitor the status of their bidding through this link here supporting the Rishabh Instruments IPO Subscription here only after it has gone live and see how many shares are still up for grabs.
The 3-day bidding dates are usually sufficient for not only a complete subscription, but also for oversubscription.
Rishabh Instruments IPO Allotment Status
Following the conclusion of the bidding, the next step is the start the Rishabh Instruments IPO Allotment of shares. The corporation will either refund the oversubscribed shares or allocate each investor’s shares proportionally.
To prevent any misunderstanding, the cash will be reimbursed for the oversubscribed shares on a certain day. Investors can learn more about how shares are being allocated by checking the allotment status. This page will allow you to do so.
Rishabh Instruments IPO Live Performance
When the IPO is launched, you can use this Rishabh Instruments IPO performance link to follow the movement of the equity shares in real time on the trading market.
Additionally, it will shed light on the Rishabh Instruments IPO share price.
Subscribe to Rishabh Instruments IPO – Open Free Demat Account Now!
Latest Rishabh Instruments IPO News
The only Rishabh Instruments IPO news that is now making the rounds is the company’s filing for its DRHP and its financial performance, which helps investors feel more secure about their investments.
More buzz will develop about the private company going public as more information about the proceedings is made public.
Rishabh Instruments – Company Review
Rishabh Instruments Pvt Ltd is a Private Company that was founded 40 years and 3 months ago on October 6, 1982. Its headquarters is in Mumbai, Maharashtra, India.
The company is a leading provider of energy efficiency solutions with an emphasis on electrical automation, metering and measurement, and precision-engineered products.
It serves a variety of markets, including the power, automotive, and industrial sectors. They offer an extensive selection of electrical measurement and process optimization tools, and they also create, develop, manufacture, and sell a large number of products under their brand in several different industries.
Through their range of devices, they offer comprehensive solutions to their clients seeking affordable ways to monitor, regulate, record, analyze, and optimize energy and processes.
The company’s capacity to foster technology and innovation through strong research and development capabilities and the creation of a diverse product portfolio is one of its strengths. With these elements helping the company grow, it files for the Rishabh Instruments IPO.
Products or Services
A vertically integrated company, Rishabh Instruments engages in product development, design, manufacture, and delivery of
- Portable test and measuring instruments;
- Electrical automation devices;
- Metering, control, and protection devices;
- Solar string inverters.
Promoters and Holding
The promoters of the company are:
- Narendra Joharimal Goliya (Chairman and Managing Director)
- Parappath Kottekode Ramakrishnan (Non-Executive Director)
- Alipt Sharma (Non-Executive Nominee Director)
Is Rishabh Instruments good for Investment?
It is the perfect time for the company to take the next step in expansion and convert from a private to a public corporation because of its great financial performance.
It is supported by industry leaders and managed by seasoned core management with a clear vision for the company’s future. At the moment, it is trying to successfully launch its planned IPO.
Rishabh Instruments Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Assets | 5,662.76 | 5,638.92 | 5,119.70 | 4,892.99 |
| Revenue | 2,648.89 | 4,799.15 | 4,024.92 | 4,093.74 |
| Expense | 2,424.73 | 4,206.94 | 3,567.29 | 3,690.70 |
| Profit After Tax | 168.32 | 496.52 | 359.40 | 315.47 |
The company’s net profit for the fiscal year that ended in March 2022 was Rs 496.5 million, as its operating revenue increased to Rs 4,702.5 million in FY22 from Rs 3,899.6 million the prior fiscal year.
There is even more potential for generating revenue and making a profit because the net proceeds from this IPO fresh issue will use to expand its manufacturing facility, strengthen core capabilities, and increase capacity.
It use for producing electrical automation products, metering, control, and protection devices, as well as solar string inverters.
| Earnings per Equity Share (in Million) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 4.25 | 12.91 | 9.32 | 8.03 |
Rishabh Instruments IPO Review
According to the draft filings, the company might consider a pre-IPO placement worth a total of Rs 15 crore. If such a placement is made, the fresh issue’s size will decrease.
The issue’s Rs 59.50 crore in proceeds will use for working capital needs as well as financing the expansion of the company’s Nashik manufacturing facility.
Investors who participate in the this IPO will have the opportunity to increase their investment and earn greater profits as the company’s IPO prepares to debut in the future years.
Keep reading the Rishabh Instruments IPO Review to learn the most recent information regarding the IPO dates, lot size, and price range.
Rishabh Instruments IPO Details
Here are few more details you need to know before investing in Rishabh Instruments IPO –
Rishabh Instruments IPO Issue Object
The Rishabh Instruments has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Financing the cost towards the expansion of Nashik Manufacturing Facility I (“Expansion Project”);
- General corporate purpose
Rishabh Instruments IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Ability to drive technology and innovation through advanced research and development capabilities;
- Global engineering solution provider operating in large addressable markets and well positioned to benefit from mega industrialisation trends;
- Vertically integrated operations, backed by strong manufacturing capabilities;
- Diversified product portfolio;
- Wide customer base;
- Track record of successful integration of acquired businesses or entities across geographies
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 12.91 | 13.82 | 93.38 |
| 31-Mar-21 | 9.32 | 11.61 | – |
| Mar-20 | 8.03 | 10.70 | – |
Rishabh Instruments IPO Lead Managers
Here are the list of Lead managers –
-
DAM Capital Advisors Limited
-
Mirae Asset Capital Markets (India) Private Limited
- Motilal Oswal Investment Advisors Limited
Rishabh Instruments IPO Registrar to offer
Check out the details of the registrar here –
KFin Technologies Limited
(Formerly KFin Technologies Private Limited)
Selenium Tower B, Plot No. -31 and 32 Financial District Nanakramguda,
Serilingampally Hyderabad, Rangareddy 500 032 Telangana,
IndiaTel:+91 4067162222
E-mail:rishabh.ipo@kfintech.com
Website:www.kfintech.com
Investor Grievance E-mail:einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No:INR000000221
CIN: U72400TG2017PLC117649
Rishabh Instruments IPO – Other Details
- Statutory Auditor – M/s MSKA & Associates
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – HDFC Bank Limited, State Bank of India, DBS Bank India Limited
Rishabh Instruments IPO Verdict by Stock Brokers
Since there isn’t much information available on the this IPO listing to study and communicate any thought processes, the stock brokers haven’t yet made any notable judgments on the stocks.
To stay informed, however, continue to monitor the listing’s review and news.
Rishabh Instruments IPO – Conclusion
As the company is still in the early stages of going public, the review and news on the IPO will continue to update. The information will be accessible as soon as the company receives SEBI approval.
We hope this Rishabh Instruments IPO Review has given you a better picture of the company’s IPO situation. Before spending your hard-earned money, though, always remember to do your research.
To Subscribe to Rishabh Instruments IPO – Open Demat Account Now!
Rishabh Instruments IPO Review FAQs
Check out the FAQs on Rishabh Instruments IPO –
What is the Issue Size of Rishabh Instruments IPO?
The Company is making an initial public offer of 11,128,858 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Rishabh Instruments IPO?
The price band for this particular IPO ranges between Rs 418 to Rs 441. As far as the face value of the share is concerned, it is Rs.10 per share.
What is the Rishabh Instruments IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 30 August 2023, while the closing date is set at 1 September 2023.
What is the Rishabh Instruments IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on 6 September 2023, refund initiation is on 7 September 2023, credit of shares is on 8 September 2023, and share listing date is on 11 September 2023.
What is the Rishabh Instruments IPO Listing Date?
Shares of this company shall be listed in the exchanges on 11 September 2023. The date, when the listing would be done, is stagnant on 11 September 2023.
Who is the Registrar of Rishabh Instruments?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Rishabh Instruments IPO?
Here are the promoters of this IPO – NARENDRA JOHARIMAL GOLIYA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Rishabh Instruments?
They have obtained the GMP of this IPO and it is Rs. NA. Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Rishabh Instruments Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Rishabh Instruments Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Million is 496.52, 2021 is 359.40, and 2020 is 315.47. PAT from Sep 2022 is 168.32.
Featured Topics