Rishabh Instruments Limited IPO
₹418 - ₹441
34
31.65
| Open Date: | 30-Aug-2023 |
| Close Date: | 01-Sep-2023 |
| Allotment Date: | 06-Sep-2023 |
| Listing Date: | 11-Sep-2023 |
| Listing Price: | ₹523.05/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹418-441 Per Equity Share |
| Issue Size: | Total Issue Size 11,128,858 shares (aggregating up to ₹490.78 Cr) : Fresh Issue 1,700,680 shares (aggregating up to ₹75.00 Cr) : Offer for Sale 9,428,178 shares of ₹10 (aggregating up to ₹415.78 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,994 : S-HNI - ₹209,916 : B-HNI - ₹1,004,598 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 2,225,772 | 1,669,329 | 3,895,101 | 7,790,202 |
| Day 1 - 22-11-23 05:00 PM | 0.01x | 1.25x | 0.96x | 0.75x |
| Day 2 - 23-11-23 05:00 PM | 0.22x | 4.66x | 2.83x | 2.48x |
| Day 3 - 24-11-23 05:00 PM | 72.54x | 31.29x | 8.44x | 31.65x |
| Total No. of Application: | 865,227 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 7.55x | |||
| Earning Per Share(EPS) | ₹12.84/- |
| P/E Ratio | 33.69 |
| RoNW | 11.67% |
| Net Asset Value (NAV) - Post Issue: | ₹109.98/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 648.93 | 579.78 | 49.69 |
| 31 Mar,2022 | 563.89 | 479.92 | 49.65 |
| 31 Mar,2021 | 511.97 | 402.49 | 35.94 |
| Pre Issue Share Holding | 80.67% |
| Post Issue Share Holding | 70.68% |
| 1. Mr. Narendra Josarimal Goliya |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Financing the cost towards the expansion of Nashik Manufacturing Facility I, and
- General corporate purposes.
Incorporated in 1982, 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; and (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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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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