Rishabh Instruments IPO Date, Price, Review, GMP
Rishabh Instruments IPO: Know everything about Rishabh Instruments IPO. Rishabh Instruments Limited IPO Date, Rishabh Instruments IPO Review and analysis. We will discus about Rishabh Instruments IPO Benefits & Risks. Also, all information related to Rishabh Instruments IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Rishabh Instruments IPO
Rishabh Instruments Limited is an Indian company that specializes in the manufacturing of electrical measurement and testing instruments. Rishabh Instruments Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 490.78 crore through IPO (Initial public offering).
Rishabh Instruments IPO will open on 30 August 2023 and close on 01 September 2023. The price band of the Rishabh Instruments IPO is ₹418 to ₹441. Rishabh Instruments IPO size is 490.78 Crores. The offer includes 415.78 Crores under fresh issue and 75 Crores under offer for sale. Rishabh Instruments IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Rishabh Instruments IPO listing date is 11 September 2023. You can learn about Rishabh Instruments IPO GMP (Grey Market Premium) below.
The Rishabh Instruments has given good financial performance. The company made a profit of ₹49.69 crores in the financial year 2023 (March 2023). The IPO of Rishabh Instruments will be listed on NSE and BSE. Rishabh Instruments IPO face value is ₹10 per equity share.
We will talk about Rishabh Instruments' financials, benefits, and risks of investing in the company.
About Rishabh Instruments Limited
Rishabh Instruments Limited's products are used in various industries, including power generation, distribution, manufacturing, and automation. Rishabh Instruments is known for producing a wide range of electrical measurement and testing instruments. These instruments include digital multimeters, analog panel meters, energy meters, temperature controllers, and various other testing and measurement devices.
The company's products find applications in diverse industries. Electrical measuring instruments are essential for assessing voltage, current, resistance, and other electrical parameters, ensuring the proper functioning and safety of electrical systems.
As electrical measurements are critical for maintaining operational efficiency and safety, Rishabh Instruments likely emphasizes the quality, accuracy, and reliability of its products to meet industry standards.
Rishabh Instruments IPO Date and Price Band Details
| IPO Open: | 30 August 2023 |
| IPO Close: | 01 September 2023 |
| Listing Date: | 11 September 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹490.78 crores |
| Fresh Issue: | Approx ₹75 crores |
| Offer For Sale: | Approx ₹415.78 crores |
| Price Band: | ₹418 to ₹441 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Rishabh Instruments IPO Lot Size Details
| Application | Lot | Share | Amount |
| Retail (Min) | 01 | 34 | 14,994 |
| Retail (Max) | 13 | 442 | 194,922 |
| S-HNI (Min) | 14 | 476 | 209,916 |
| S-HNI (Max) | 66 | 2,244 | 989,604 |
| B-HNI (Min) | 67 | 2,278 | 1004,598 |
Rishabh Instruments IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 30 August 2023 |
| IPO Closing Date: | 01 September 2023 |
| Basis of Allotment: | 06 September 2023 |
| Refund Date: | 07 September 2023 |
| Credit to Demat Account: | 08 September 2023 |
| Listing Date: | 11 September 2023 |
Rishabh Instruments Ltd Financials
Rishabh Instruments Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2021 | ₹511.97 | ₹402.49 | ₹35.94 |
| 2022 | ₹563.89 | ₹479.92 | ₹49.65 |
| 2023 | ₹648.93 | ₹579.78 | ₹49.69 |
Rishabh Instruments IPO Review
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Rishabh Instruments IPO Allotment Status
Rishabh Instruments IPO allotment status will be available from 06 September 2023. You can check Rishabh Instruments IPO allotment status on our website.
Rishabh Instruments Ipo Rating
Review For Listing Gain
Review For Short term
Review for long-term
Strength
- Manufacturing companies, especially those providing electrical measurement instruments, can benefit from steady demand across various industries such as power generation, distribution, automation, and manufacturing.
- Electrical measurement instruments are essential for maintaining and monitoring electrical systems, ensuring operational efficiency, safety, and compliance with standards.
- If Rishabh Instruments emphasizes quality, accuracy, and reliability in its products, it could build a strong reputation in the market, leading to customer loyalty and repeat business.
- Serving a diverse clientele from various industries can provide stability and mitigate risks associated with dependency on a single market segment.
Risks
- Manufacturing companies are often sensitive to economic fluctuations. Economic downturns can impact industrial demand for electrical measurement instruments, affecting the company's revenue.
- The manufacturing sector can be competitive, with various players vying for market share. Rishabh Instruments may face competition from both domestic and international manufacturers.
- Rapid technological advancements can make existing products obsolete. Companies need to continuously innovate to remain relevant.
- Changes in regulations related to safety standards, quality control, or industry-specific norms can impact the company's operations and product offerings.
- Public sentiment about manufacturing companies' environmental impact and sustainability efforts could influence investor sentiment and the company's reputation.
Contact Details of Rishabh Instruments
A-54, MIDC, Opposite,
MIDC Bus Depot, Andheri (East)
Mumbai - 400 093, India
Telephone: +91 253 220 2183
E-mail: sec@harshaengineers.com
Website:https://rishabh.co.in/
Rishabh Instruments Lead Managers
- Dam Capital Advisors Ltd
- Motilal Oswal Investment Advisors Pvt Ltd
- Mirae Asset Capital Markets (India) Private Limited
Rishabh Instruments IPO Registrars
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222
Email: rishabh.ipo@kfintech.com
Website:www.kfintech.com
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 49.69 crore. The company operates in many different sectors. Our suggestion will be updated when the Rishabh Instruments Limited IPO starts. Rishabh Instruments Limited IPO financial details and other information are given above.
Rishabh Instruments IPO FAQs
Also Read
How to Apply the Aeroflex Industries Ltd IPO with Zerodha?
- Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
- If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO.
- You will see the IPO name "Aeroflex Industries Ltd".
- Then, Click on Bid Button.
- Then, Enter your UPI ID.
- Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
- Then Submit the IPO Application Form.
- Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
We hope you like this article about Rishabh Instruments IPO. If you have a query about Rishabh Instruments IPO, Please leave a comment. Here you can also stay updated about the IPO Allotment Status and upcoming IPO. Also, you can track IPO performance. You can use our tools Stock Average Calculator, Profit and Loss Calculator, and SIP Calculator for free. Thanks for Visiting. Happy Investing.
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