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Rishabh Instruments IPO IPO

Mainline30 Aug to 1 Sep, 202330 Aug to 1 Sep, 2023
Open
30 Aug to 1 Sep, 2023
Close
30 Aug to 1 Sep, 2023
3
Allotment
Listing
Mon, Sep 11, 2023
Price Band
₹418 to ₹441
Issue Size
1,11,28,858 shares (agg. up to ₹491 Cr)
Lot Size
34 Shares
Listing Date
Mon, Sep 11, 2023
Latest GMP
₹61
Est. Gain
13.83%
✦ AI Insight

GMP Trend

11-09-202361Est. ₹502+13.83%
10-09-202360Est. ₹501+13.61%
09-09-202359Est. ₹500+13.38%

Live Subscription

CategorySubscription (times)
Total22.32x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets648.93563.89511.97
Total Income579.78479.92402.49
Profit After Tax49.6949.6535.94
NET Worth408.75346.10302.13
Total Borrowing102.8596.5791.95
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Avalon Technologies Ltd.Mainboard₹865.00 Cr₹43655.54₹398.00-8.72%₹1,767.60 (+5.24%)
Sungarner Energies Ltd.SME₹5.31 Cr₹8313.07₹262.35+216.08%₹222.50 (-4.93%)
Oriana Power Ltd.SME₹59.66 Cr₹11820.7₹317.10+168.73%₹1,476.35 (-0.13%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Financing the cost towards the Expansion of Nashik Manufacturing Facility I62.89
2General corporate purposes7.92

About Rishabh Instruments IPO

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) s

Contact Details

Rishabh Instruments Ltd. AddressA-54, MIDC, OppositeMIDC Bus Depot, Andheri (East)Mumbai, Maharashtra, 400093+91 253 220 2183cs@rishabh.co.inVisit Website