IPO

Rishabh Instruments Limited IPO

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Other Electrical Equipment

Listed On: Sep 11, 2023 at ₹ 460.05(NSE)

₹ 14994 /34 Shares

Check Allotment

30 Aug, 2023

Open Date

01 Sep, 2023

Close Date

06 Sep, 2023

Allotment Date

11 Sep, 2023

Listing Date
Price Summary

Last Closing

380.00 (-13.83%)

52 Week High

490.00

52 Week Low

201.50

Last Update

19-Dec-2025 3:30 PM
Rishabh Instruments Limited IPO Issue Details
  • Issue Price ₹418-441 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total ₹490.78 Cr :
    #Fresh Issue : 1,700,680 shares(aggregating up to ₹75.00 Cr) +
    #OFS : 9,428,178 shares of ₹10(aggregating up to ₹415.78 Cr)
  • Listing at BSE, NSE
  • List Price 460.05(NSE)
  • Listing Date 2023-09-11
  • Lead Manager Dam Capital Advisors Ltd
    Motilal Oswal Investment Advisors Pvt Ltd
    Mirae Asset Capital Markets (India) Private Limited
  • Registrar Kfin Technologies Limited
Rishabh Instruments Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications: 1,14,552 Approx),
    (Number of S-HNI Applications : 1,169 Approx),
    (Number of B-HNI Applications : 2,338 Approx)
Rishabh Instruments Limited IPO Documents
DRHP
RHP
ANCHOR
Rishabh Instruments Limited IPO Details


The IPO of Rishabh Instruments Limited is priced at ₹418-441 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 30, 2023 and ends on Sep 1, 2023. The allotment for Rishabh Instruments Limited IPO will be finalized on Sep 6, 2023. Rishabh Instruments Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 11, 2023. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Dam Capital Advisors Ltd, Motilal Oswal Investment Advisors Pvt Ltd, Mirae Asset Capital Markets (India) Private Limited.


The Rishabh Instruments Limited IPO sets its price band at 418-441 for each share. A single application for Rishabh Instruments Limited IPO must contain at least 34 shares.

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Rishabh Instruments Limited IPO Subscription Analysis And Details
Retail
8.43x
QIB
72.54x
NII
31.29x
bNII
34.01x
sNII
25.85x
Total
31.65x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 2,225,772 1,669,329
1,112,886    556,443 		3,895,101 7,790,202
Day 1 30-08-23 05:00 PM
0.01 x 1.24
1.19 x   1.35 x 		0.92 x 0.73 x
Day 2 31-08-23 05:00 PM
0.22 x 4.65
4.10 x   5.76 x 		2.79 x 2.46 x
Day 3 01-09-23 05:00 PM
72.54 x 31.29
34.01 x   25.85 x 		8.43 x 31.65 x
Total No of Applications
8,65,227
Subscription on the basis of Applications
7.55
Rishabh Instruments Limited Valuations
Earnings Per Share (EPS) ₹12.84/-
P/E Ratio 33.69
RoNW 11.67
Net Asset Value (NAV) - As on 31.03.23 ₹109.98
Rishabh Instruments Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 648.93 563.89 511.97
Revenue 579.78 479.92 402.49
Profit After Tax 49.69 49.65 35.94
About Rishabh Instruments Limited Company

Rishabh Instruments Limited is engaged in the business of manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products.

The company provides cost-effective solutions to measure, control, record, analyze, and optimize energy and processes through an array of products. It also provides complete aluminum high-pressure die-casting solutions for customers requiring close tolerance fabrication (such as automotive compressor manufacturers and automation high precision flow meters manufacturers), machining, and finishing of precision components.

In 2011, Rishabh Instruments acquired Lumel Alucast, a non-ferrous pressure casting company in Europe, which helped the company establish a strong foot in manufacturing and supply of low-voltage current transformers. The company also provides certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC).

Rishabh Instruments has 4 segments:
(a) electrical automation devices
(b) metering, control, and protection devices
(c) portable test and measuring instruments
(d) solar string inverters.

The company has 3 manufacturing units and more than 270 dealers across the globe, reaching 70+ countries and 150+ dealers across India covering every state.

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Rishabh Instruments Limited - Promoter(s)

Mr. Narendra Joharimal Goliya

Pre Issue Share Holding : 80.67%

Post Issue Share Holding : 70.68%

Rishabh Instruments Limited IPO - Issue Objectives
1

Financing the cost towards the expansion of Nashik Manufacturing Facility I

2

General corporate purposes.

Rishabh Instruments Limited IPO - Anchor Investors

Rishabh Instruments raises Rs 147.2 crore from anchor investors ahead of IPO.

A total of 16 investors made investments in the company via anchor book including HDFC Mutual Fund, Nippon Life, Sundaram Mutual Fund, Bandhan Mutual Fund, Aditya Birla Sun Life Insurance, Quant Mutual Fund, Tata Multicap Fund, and 3P India Equity Fund I.