Rishabh Instruments Limited, founded in 1982, is a manufacturer, designer, and developer of Test & Measuring Instruments and Industrial Control Products.
Through a variety of devices, the firm delivers cost-effective solutions for measuring, controlling, recording, analyzing, and optimizing energy and processes. It also offers entire aluminum high-pressure die-casting solutions for customers who require close tolerance manufacturing, machining, and finishing of precision components (such as automobile compressor manufacturers and automation high precision flow meter makers).
Rishabh Instruments purchased Lumel Alucast, a non-ferrous pressure casting firm in Europe, in 2011, which aided the company in establishing a solid foothold in the manufacture and delivery of low-voltage current transformers. Mold design and manufacture, EMI/EMC testing services, Electronic manufacture Services, and software solutions (e.g., MARC) are also provided by the firm.
Rishabh Instruments is divided into four business segments: (a) electrical automation devices, (b) metering, control, and protection devices, (c) portable test and measurement instruments, and (d) solar string inverters.
The firm has three production facilities and over 270 dealers worldwide, reaching 70+ countries, and 150+ dealers in India, spanning every state.
Rishabh Instruments IPO Details
| IPO Date | Aug 30, 2023 to Sep 1, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price | Rs 418 to Rs 441 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 11,128,858 shares (aggregating up to Rs 490.78 Cr) |
| Fresh Issue | 1,700,680 shares (aggregating up to Rs 75.00 Cr) |
| Offer for Sale | 9,428,178 shares of Rs 10 (aggregating up to Rs 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 Timetable
| 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 |
Rishabh Instruments IPO Lot Size
| Retail (Min) | 1 | 34 | Rs 14,994 |
| Retail (Max) | 13 | 442 | Rs 194,922 |
| S-HNI (Min) | 14 | 476 | Rs 209,916 |
| S-HNI (Max) | 66 | 2,244 | Rs 989,604 |
| B-HNI (Min) | 67 | 2,278 | Rs 1,004,598 |
