Rishabh Instruments IPO: Issue subscribed 65% on day 1 so far, NII portion fully booked

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IPO subscription status: Rishabh Instruments IPO was subscribed 65% on day 1 so far. Rishabh Instruments IPO opened for subscription today (Wednesday, August 30), and will close on Friday, September 1. Rishabh IPO received decent response from retail investors and non-institutional investors (NIIS) on day 1.

Qualified institutional buyers did not respond much to the issue on the first day. Only NII portion was fully subscribed on day 1. Rishabh Instruments IPO's retail investors portion was subscribed 86%, NII portion was subscribed 1.03 times, and QIBs portion was subscribed 1%.

Also Read:Rishabh Instruments IPO opens today: Latest GMP, should you subscribe, subscription status? Rishabh Instruments IPO has received bids for 50,99,388 shares against 77,90,202 shares on offer, at 16:30 IST, according to data from the BSE. Rishabh IPO's retail investors' portion received bids for 34,55,352 shares against 38,95,101 shares on offer for this segment. Rishabh Instruments IPO's non-institutional investors' portion received bids for 17,36,686 shares against 16,69,329 on offer for this segment.

Rishabh IPO's QIBs portion received bids for 13,634 shares against 22,25,772 on offer for this segment. Rishabh Instruments IPO is made up of fresh issue that totals to ₹75 crore and offer for sale (OFS) portion aggregates to 9.43 million equity shares on upper band price through the Offer, which translates to ₹415.78 crore. The total issue size comes to ₹490.78 crore.