Rishabh Instruments IPO Particulars: The scheduled date for Rishabh Instruments’ IPO has been confirmed. The IPO is set to enter the market on August 30th and conclude on September 1st. The company aims to gather approximately ₹491 crores through this IPO. This sum includes a fresh issue of ₹75 crores, as well as an offer for sale of up to 9,428,178 shares, each valued at ₹10.
The allocation for this IPO is divided as follows: Retail investors have been allotted 35%, Qualified Institutional Buyers (QIBs) have been allocated 50%, and High Net Worth Individuals (HNIs) have been apportioned 15%.
What is Rishabh Instruments IPO?
Rishabh Instruments stands as a prominent global entity, specializing in comprehensive energy efficiency solutions that revolve around electrical automation, precision metering, and nuanced measurement. The company’s extensive portfolio encompasses an array of precision-engineered products, each finding applications across diverse industries including power, automotive, and the industrial sectors.
With a strong commitment to excellence, Rishabh Instruments offers an extensive assortment of cutting-edge electrical measurement and process optimization equipment, all meticulously designed and manufactured under their well-established brand, catering to a multitude of sectors.
Notably, the company is recognized for its provision of comprehensive aluminum high-pressure die-casting solutions, tailored to meet the specific requirements of clients seeking meticulous fabrication processes. This especially serves industries such as automotive compressor manufacturing and the production of high-precision automation flow meters. Rishabh Instruments has risen to global prominence as a leader in the domain of manufacturing and supply of analog panel meters. Additionally, their prowess extends to being a significant global player in the production and distribution of low voltage current transformers, a distinction highlighted in the F&S Report.
An intriguing dimension to Rishabh Instruments’ growth trajectory involves their acquisition of Lumel Alucast, a distinguished non-ferrous pressure casting entity based in Europe. This strategic move bolsters their presence, particularly in Poland, where Lumel enjoys a reputation as a sought-after brand for meters, controllers, and recorders. Lumel Alucast, a prominent player in the European non-ferrous pressure casting arena, aligns seamlessly with Rishabh Instruments’ expansion strategy, further corroborated by insights from the F&S Report.
At its core, Rishabh Instruments operates as a vertically integrated force, meticulously engaged in the end-to-end processes of design, development, manufacturing, and distribution. Their product landscape spans a spectrum encompassing (a) electrical automation devices, (b) metering, control, and protection devices, (c) portable test and measuring instruments, and (d) solar string inverters. Impressively, the company’s international footprint is fortified by a network of 164 authorized distributors and stockists, spanning across 70 countries that include major global players such as Germany, the United States, the United Kingdom, Australia, and the Middle East. Furthermore, Lumel’s presence is marked by 15 authorized distributors/stockists within Poland, complemented by an additional 20 beyond its borders, signifying a robust and far-reaching distribution network.
Objective of the Rishabh Instruments IPO
The company aims to gather approximately ₹491 crores through this IPO. This sum includes a fresh issue of ₹75 crores, as well as an offer for sale of up to 9,428,178 shares, each valued at ₹10.
The objective of the IPO is as below.
- Financing the cost towards the expansion of Nashik Manufacturing Facility
- General corporate purposes.
Rishabh Instruments IPO Date & Price Band Details
| IPO Open: | August 30, 2023 |
| IPO Close: | September 1, 2023 |
| IPO Size: | Approx ₹491 Crores |
| Fresh Issue: | Approx ₹75 Crores |
| Offer for Sale: | Approx 9,428,178 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹418 to ₹441 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Rishabh Instruments IPO Market Lot
The Rishabh Instruments IPO minimum market lot is 34 shares with ₹14,994 application amount. The retail investors can apply up-to 13 lots with 442 shares or ₹194,922 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 34 | ₹14,994 |
| Retail Maximum | 13 | 442 | ₹194,922 |
| S-HNI Minimum | 14 | 476 | ₹209,916 |
| B-HNI Minimum | 67 | 2,278 | ₹1,004,598 |
Rishabh Instruments IPO Allotment & Listing Dates
The Rishabh Instruments IPO date is August 30 and the close date is September 1. The Rishabh Instruments IPO allotment will be finalized on September 6, and the IPO listing on September 11.
| Price Band Announcement: | August 25, 2023 |
| Anchor Investors Allotment: | August 29, 2023 |
| IPO Open Date: | August 30, 2023 |
| IPO Close Date: | September 1, 2023 |
| Basis of Allotment: | September 6, 2023 |
| Refunds: | September 7, 2023 |
| Credit to Demat Account: | September 8, 2023 |
| IPO Listing Date: | September 11, 2023 |
Rishabh Instruments IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 72.54x |
| NII | 31.29x |
| bNII (bids above ₹10L) | 34.01x |
| sNII (bids below ₹10L) | 25.85x |
| Retail | 08.43x |
| Total | 31.65 |
Rishabh Instruments IPO Application Process
Curious about how to get in on the Rishabh Instruments IPO action? Applying for the Rishabh Instruments IPO is a breeze, and here’s how you can do it:
- ASBA via Online Banking: Start by utilizing the ASBA (Application Supported by Blocked Amount) facility accessible through your bank account. All you need to do is log in to your online banking portal, navigate to the investment section, and select the Rishabh Instruments IPO for application.
- IPO Forms from NSE and BSE: Alternatively, you have the option to opt for IPO forms directly from the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). It’s a simple process:
How to Apply For IPO through Zerodha?
Time needed: 2 minutes
Step-by-step guide for applying Rishabh Instruments IPO through Zerodha.
- Sign into Zerodha
Begin by logging into your Zerodha account, either through their website or the dedicated application.
- Navigate to Portfolio and IPO Section
Once logged in, head over to the ‘Order’ section. Here, you’ll find an option labeled “IPO.” Give it a click to proceed.
- Spotting Rishabh Instruments IPO
Among the list of available IPOs, locate and click on the one labeled “Rishabh Instruments.” This directs you to the IPO details page.
- Place Your Bid
On the IPO details page, you’ll find a prominent “Bid” button. Clicking on this button takes you to the bidding section for Rishabh Instruments IPO.
- Enter Bid Details
In this bidding section, you’re required to provide essential information. Start by entering your UPI ID, followed by specifying the desired quantity of shares and your proposed price.
- Submit the Application Form
After accurately filling in the necessary bid details, proceed by submitting the IPO application form. This step marks the completion of your bid submission process.
- UPI Approval
Now, the final step involves going to your UPI (Unified Payments Interface) application. This could either be your net banking interface or a dedicated app like BHIM. Access your UPI app to review and approve the mandate related to your IPO bid.
By following these straightforward steps within the Zerodha platform, you’re effectively navigating the process of participating in the Rishabh Instruments IPO. Each step is designed to ensure a seamless and user-friendly experience, allowing you to engage with the IPO in a convenient and efficient manner.
It’s all about convenience and choice when it comes to securing your share in the Rishabh Instruments IPO. Whether you opt for the seamless ASBA route or decide to go the traditional paper-form way, the process is designed to cater to your preferences. So, take your pick and ensure you’re part of this exciting IPO journey.
Rishabh Instruments Company Financials
| Year | Revenue | Expense | PAT |
| 2021 | ₹402 | ₹357 | ₹35.94 |
| 2022 | ₹480 | ₹421 | ₹49.65 |
| 2023 | ₹598 | ₹519 | ₹49.69 |
As you can see the PAT is increasing since last 3 years. The revenue and expenses both are increasing on YOY basis.
Rishabh Instruments IPO Valuation – FY2023
Here is the Rishabh Instruments IPO valuations based on Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
The promoter of the company is Mr. Narendra Joharimal Goliya.
| Earning Per Share (EPS): | ₹12.84 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 11.67% |
| Net Asset Value (NAV): | ₹109.98 per Equity Share |
Rishabh Instruments Limited IPO Current GMP
To check the current/latest GMP price of the IPO, please check this IPO GMP page.
Company Address
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 FAQs
The company aims to gather approximately ₹491 crores through this IPO. This sum includes a fresh issue of ₹75 crores, as well as an offer for sale of up to 9,428,178 shares, each valued at ₹10.
The IPO starts from 30th August and will close on 1st September 2023.
Retail investors have been allotted 35%, Qualified Institutional Buyers (QIBs) have been allocated 50%, and High Net Worth Individuals (HNIs) have been apportioned 15%.
You can apply for the IPO via ASBA (online) or through the IPO forms through NSE and BSE.
Well, if you are looking for the listing gain, I would not advise you to apply for the IPO. But if you wish to invest for the long run, you may apply. Please consult your financial advisor before making any decision.
Go to the “order’ tab on the zerodha app or portal. find the company name, check the bid details and apply as per your wish.