Listing Details
- Listing Exchange BSE, NSE
- Listing Date 11-Sep-23
- IPO Price Range ₹418
- Listing Price ₹460
- Listing Change 4.3 %
- Last Traded Price ₹490.4
- Current Change 11.2 %
Rishabh Instruments IPO Details
- Open Date 30-Aug-23
- Close Date 01-Sep-23
- Lot Size 34
- IPO Size ₹ 490.78 Cr
- IPO Price Range ₹ 418 to ₹ 441
- Min Investment ₹ 14212
- Listing Exchange BSE, NSE
- Basis of Allotment 06-Sep-23
- Refunds 07-Sep-23
- Credit to Demat Account 08-Sep-23
- Listing Date 11-Sep-23
Rishabh Instruments IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Aug-23 | 0.01 | 1.25 | 0.96 | 0.75 |
| 31-Aug-23 | 0.22 | 4.66 | 2.83 | 2.48 |
| 01-Sep-23 | 72.54 | 31.29 | 8.43 | 31.65 |
Rishabh Instruments IPO Synopsis
Rishabh Instruments Limited IPO is all set to open from 30th August to 1st September 2023. The company designs, manufactures and develops Test and Measuring Instruments and Industry Control Products. The IPO includes a fresh issue of 1,700,680 equity shares worth ₹75 cr and an Offer For Sale (OFS) of 9,428,178 equity shares worth ₹415.78 cr. The total issue size is ₹490.78 cr. The share allotment date is 6th September, and the IPO will be listed on 11th September on the stock exchanges. The price band is ₹418 to ₹441 per share and the lot size is 34 shares.
DAM Capital Advisors Limited, Mirae Asset Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Rishabh Instruments IPO:
Rishabh Instruments Limited plans to utilize the raised capital from IPO to:
● Fund the expansion of the Nashik Manufacturing Facility
● Fund general corporate purposes
Rishabh Instruments IPO Video:
About Rishabh Instruments
Established in 1982, Rishabh Instruments is a global energy efficiency solution company, specializing in electrical automation, precise metering, and measurement equipment, among other precision-engineered products. Their innovations find applications in diverse industries, such as power, automotive, and industrial sectors. The company sells a diverse selection of equipment for electrical measurement and process optimization equipment under their own brand, catering to various industries.
As a vertically integrated player, Rishabh Instruments design, develop, manufactures, and supply i) electrical automation devices ii) metering, control, and protection devices iii) portable test and measuring instruments iv) solar string inverters.
Rishabh Instruments has a network of 164 authorized distributors and stockists, serving customers in more than 70 countries, including prominent regions like Germany, the United States, the United Kingdom, Australia, and the Middle East. Lumel, a subsidiary of Rishabh Instruments, maintains a strong presence with 15 authorized distributors/stockists in Poland and a further 20+ distributors/stockists outside Poland, ensuring their products reach customers worldwide.
Peer Comparison
The company has different competitors for each of its segments.
For More Information:
Webstory on Rishabh Instruments IPO
Rishabh Instruments IPO GMP
Rishabh Instruments Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 569.54 | 470.25 | 389.95 |
| EBITDA | 86.31 | 82.63 | 70.02 |
| PAT | 49.68 | 49.65 | 35.94 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 648.92 | 563.89 | 511.97 |
| Share Capital | 29.25 | 14.62 | 14.62 |
| Total Borrowings | 240.18 | 217.79 | 209.84 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 27.50 | 13.28 | 52.93 |
| Net cash from / (used in) investing activities | -2.71 | -10.76 | -20.83 |
| Net cash flow from / (used in) financing activities | -4.50 | -7.06 | -23.02 |
| Net increase (decrease) in cash and cash equivalents | 20.29 | -4.54 | 9.07 |
Rishabh Instruments IPO Key Points
-
Strengths
1. The company has advanced research and development capabilities.
2. Global engineering solution provider.
3. Well-positioned in the industry to benefit from mega industrialization trends.
4. Diversified product mix and a wide customer base.
5. Global and integrated business model which is cost competitive and de-risking customer supply chain.
6. Well-established brands under its name such as Rishabh, Lumel, Sifam, and Tinsley.
-
Risks
1. Dependent on our Poland Manufacturing Facilities and any disruption that can impact its business.
2. Operational and financial risks due to dependency on subsidiaries.
3. Shortages in the supply of semiconductors can have an adverse impact on the company.
4. Foreign exchange fluctuations can impact the company’s earnings and profitability.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Rishabh Instruments IPO FAQs
What is the minimum lot size and investment required for the Rishabh Instruments IPO?
The minimum lot size of Rishabh Instruments IPO is 34 shares and the investment required is ₹14,212.
What is the price band of the Rishabh Instruments IPO?
The price band of the Rishabh Instruments IPO is ₹418 to ₹441.
When does the Rishabh Instruments IPO issue open and close?
Rishabh Instruments IPO is open from 30th August to 1st September 2023.
What is the size of the Rishabh Instruments IPO?
The total size of Rishabh Instruments IPO is ₹490.78 cr.
What is the allotment date of the Rishabh Instruments IPO?
The share allotment date of Rishabh Instruments IPO is 6th of September.
What is the Rishabh Instruments IPO listing date?
The Rishabh Instruments IPO will be listed on the 11th of September.
Who are the book runners for the Rishabh Instruments IPO?
DAM Capital Advisors Limited, Mirae Asset Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for Rishabh Instruments IPO.
What is the objective of Rishabh Instruments IPO?
Rishabh Instruments Limited plans to utilize the raised capital from IPO to:
1. Fund the expansion of the Nashik Manufacturing Facility
2. Fund general corporate purposes
How to apply for the Rishabh Instruments IPO?
To apply for Rishabh Instruments IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rishabh Instruments Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Rishabh Instruments IPO
Contact Information
Rishabh Instruments Limited
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 IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: rishabh.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Rishabh Instruments IPO Lead Manager
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Motilal Oswal Investment Advisors Pvt Ltd
Mirae Asset Capital Markets (India) Private Limited