
✓
Open
30 Aug to 1 Sep, 2023
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Close
30 Aug to 1 Sep, 2023
3
Allotment
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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
11-09-2023₹61Est. ₹502+13.83%
10-09-2023₹60Est. ₹501+13.61%
09-09-2023₹59Est. ₹500+13.38%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 22.32x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 648.93 | 563.89 | 511.97 |
| Total Income | 579.78 | 479.92 | 402.49 |
| Profit After Tax | 49.69 | 49.65 | 35.94 |
| NET Worth | 408.75 | 346.10 | 302.13 |
| Total Borrowing | 102.85 | 96.57 | 91.95 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹1,767.60 (+5.24%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹222.50 (-4.93%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,476.35 (-0.13%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the cost towards the Expansion of Nashik Manufacturing Facility I | 62.89 |
| 2 | General corporate purposes | 7.92 |
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