IPO Highlights
- The IPO total issue size is Rs 490.78 Cr. The IPO price band is ₹418 to ₹441 per share. The IPO consists of a fresh issue of equity shares worth up to Rs 75.00 crore and an offer-for-sale (OFS) of up to 9,428,178 equity shares (aggregating up to 415.78 crores).
- Rishabh Instruments IPO opens on 30 August 2023 and closes on 1 September 2023. The allocation of equity shares for this IPO will be finalised on 6 September 2023 and the IPO listing will take place on 11 September 2023.
- The bidding for anchor investors will open on 29 August 2023
Company details
The company was incorporated as “Rishabh Instruments Private Limited”, a private limited company under the Companies Act, 1956, on September 13, 2022, the name of our Company was changed to “Rishabh Instruments Limited”.
Objects of the Offer
- Financing the cost towards expansion of Nashik Manufacturing Facility
- General corporate purposes
Rishabh Instruments IPO Details, Price, Market Lot
| IPO Details | |
| IPO Open Date | 30 August 2023 |
| IPO Close Date | 1 September 2023 |
| IPO Issue Size | 11,128,858 equity shares |
| Fresh Issue | 1,700,680 equity shares |
| Offer for Sale | 9,428,178 equity shares |
| Listing At | NSE, BSE |
| IPO Reservation | |
| Retail Portion Offered | Not less than 35.00% of the offer |
| NII (HNI) Portion Offered | Not less than 15.00% of the offer |
| QIB Portion Offered | Not more than 50.00% of the offer |
| IPO Price | |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹418 to ₹441 per equity share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| IPO Market Lot For Retail Investors | |
| No. of Shares Per Lot | 34 equity shares |
| Minimum Lot Size | 1 lot of 34 equity shares |
| Maximum Lot Size | 13 lots of 442 equity shares |
| Minimum Amount (Cut-off price) | ₹14,994 |
| Maximum Amount (Cut-off price) | ₹194,922 |
| IPO Market Lot For S-HNI | |
| No. of Shares Per Lot | 1 lot of 34 equity shares |
| Minimum Lot Size | 14 lots of 476 equity shares |
| Maximum Lot Size | 66 lots of 2,244 equity shares |
| Minimum Amount (Cut-off price) | ₹209,916 |
| Maximum Amount (Cut-off price) | ₹989,604 |
| IPO Market Lot For B-HNI | |
| No. of Shares Per Lot | 1 lot of 34 equity shares |
| Minimum Lot Size | 67 lots of 2278 equity shares |
| Minimum Amount (Cut-off price) | ₹1,004,598 |
Investors can bid for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter.
Rishabh Instruments IPO Date, Listing Date, Allotment Date
The Rishabh Instruments IPO is scheduled to open on 30 August 2023 and close on 1 September 2023. The allocation of equity shares for this IPO will be finalised on 6 September 2023 and the IPO listing will take place on 11 September 2023.
| Time Table (Tentative) | |
| IPO Open Date | 30 August 2023 |
| IPO Close Date | 1 September 2023 |
| Basis of Allotment Date | 6 September 2023 |
| Initiation of Refunds | 7 September 2023 |
| Credit of Share to Demat Account | 8 September 2023 |
| IPO Listing Date | 11 September 2023 |
Rishabh Instruments IPO Financial Report (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
| ₹ in Million | ||||
| 31 March 2023 | 6,489.28 | 5,797.81 | 496.87 | 4,087.48 |
| 31 March 2023 | 5,638.92 | 4,799.15 | 496.52 | 3,460.98 |
| 31 March 2023 | 5,119.70 | 4,024.92 | 359.40 | 3,021.25 |
Rishabh Instruments IPO Valuation
| Price to Earning P/E Ratio | 33.69 |
| Earning Per Share (EPS) | 12.84 |
| Return on Net Worth | 11.61% |
| Net Asset Value (NAV) | 109.98 |
Rishabh Instruments IPO Peer Comparison
There are no comparable listed companies in India or globally that engage in a business similar to that of Rishabh Instruments. Accordingly, it is not possible to provide an industry peer group P/E ratio in relation to the Company.
Rishabh Instruments IPO Time Table and Shares Offered for Anchor Investors
The IPO raised Rs 147.23 crore crore from anchor investors. The bid date for Anchor investors is 30 August 2023.
| Shares Offered | 33,38,656 |
| Amount | 147.23 crore |
| Bid Date | 29 August 2023 |
| Lock-in Period end date for 50% of Shares (30 days) | 20 October 2023 |
| Lock-in Period End for remaining Shares (90 days) | 18 January 2023 |
Rishabh Instruments Promotor & Promotor’s Holding
Mr. Narendra Joharimal Goliya is the promoter of Rishabh Instruments.
| Pre Issue Promotor Holding | 80.67% |
| Post Issue Promotor Holding | 70.68% |
Rishabh Instruments Address
Registered Office: A-54, MIDC, Opposite, MIDC Bus Depot, Andheri (East) Mumbai 400 093, Maharashtra, India
Corporate Office: F-31, MIDC, Satpur, Nashik 422 007, Maharashtra, India
- Phone: +91 253 220 2183
- Email: cs@rishabh.co.in
- Website: www.rishabh.co.in
Rishabh Instruments IPORegistrar, Lead Manager, Prospectus
| IPO Prospectus |
| IPO Registrar |
KFin Technologies Limited
|
| IPO Lead Manager |
DAM Capital Advisors Limited
Mirae Asset Capital Markets (India) Private Limited
Motilal Oswal Investment Advisors Limited
|
IPO Review (Apply or Avoid)
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FAQ
What is Rishabh Instruments IPO
Rishabh Instruments IPO is a main-board IPO. The IPO is being made through the Book Building Process, where floor price, cap price and face value per equity share are Rs 418, Rs 441 and Rs 10 respectively. Investors can bid for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter.
What is the Share Price of Rishabh Instruments?
The Rishabh Instruments IPO is being made through the Book Building Process, where floor price, cap price and face value per equity share are Rs 418, Rs 441 and Rs 10 respectively.
What is the size of Rishabh Instruments IPO?
The size of Rishabh Instruments IPO is 11,128,858 equity shares. 1,700,680 equity shares are for the fresh issue and 9,428,178 equity shares are for the offer for sale. wherein not more than 50.00% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15.00% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35.00% of the Offer shall be available for allocation to Retail Individual Investors
What is the Price Band of Rishabh Instruments IPO?
The price band for Rishabh Instruments IPO is Rs. 418 to Rs. 441 per equity share. Investors may place a minimum bid of 34 equity shares or bid in multiples of 34 equity shares.
When Rishabh Instruments IPO will Open?
The Rishabh Instruments IPO opens on 30 August 2023 and closes on 1 September 2023.
When is Rishabh Instruments IPO Allotment date and Listing date?
The basis of allotment for Rishabh Instruments IPO will be finalised on 6 September 2023 and the shares will be credited to the investor’s demat account by 11 September 2023.