Rishabh Instruments IPO opens next week: Price band, dates and other key detail
₹418 to ₹441 per equity share of face value of ₹10 each. Rishabh Instruments IPO lot size is 34 equity shares and in multiples of 34 equity shares thereafter.
Rishabh Instruments IPO floor price is 41.8 times the face value of the equity shares and the cap price is 44.1 times the face value of the equity share. Also Read: Pyramid Technoplast IPO allotment finalised today: GMP ahead of listing, here's how to check allotment status 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.
The net proceeds from the offer will be used to finance the cost towards expansion of Nashik Manufacturing Facility I, and meet general corporate purposes, said the company in its Red herring prospectus (RHP). DAM Capital Advisors Ltd, Mirae Asset Capital Markets (India) Private Ltd, Motilal Oswal Investment Advisors Ltd are the book running lead managers (BRLM) for the offer.
KFin Technologies Ltd is the offer's registrar. Also Read: Vishnu Prakash IPO Day 2: Issue subscribed 7.5 times so far; retail portion booked 9.86x Narendra Joharimal Goliya is the promoter of the company.
Global energy efficiency solution provider Rishabh Instruments Limited, headquartered in Nashik, Maharashtra, specialises in electrical automation, metering and measurement, precision engineered products, and aluminium high pressure die castings with a variety of applications in the power, automotive, and industrial sectors. According to RHP, Rishabh Instruments’ revenue from operations increased by 21.11% from ₹470.25 crore in Fiscal 2022 to ₹569.54 crore in Fiscal 2023, primarily driven by increase in revenue from sale of goods and
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