Rishabh Instruments IPO: Key IPO Details
Basic information about the company:
Rishabh Instruments Limited, a prominent player in the manufacturing sector, has carved its niche by specializing in the production, design, and development of Test and Measuring Instruments as well as Industrial Control Products.
The company boasts an impressive array of products, each meticulously crafted to cater to the unique needs of the market.
One of Rishabh Instruments' standout offerings is its expertise in providing complete aluminium high-pressure die-casting solutions. This is particularly appealing to industries that demand close-tolerance fabrication, such as automotive compressor manufacturers and automation high-precision flow meter manufacturers. The company's proficiency extends to machining and finishing precision components, showcasing their dedication to ensuring quality at every step.
Objects of the IPO:
The net proceeds from the IPO are earmarked for strategic initiatives that aim to enhance the company's capabilities. The expansion of the manufacturing facility stands as the primary objective, reflecting the company's commitment to scaling up its operations. Additionally, the funds will be utilized for general corporate purposes, further fortifying Rishabh Instruments Limited's financial foundation. Promoter Holdings: The company's promoter, Mr. Narendra Joharimal Goliya, initially owned 80.67% of the shares before the IPO. After the IPO, the promoter's share ownership was reduced to 70.68%. Rishabh Instruments IPO Details:
For investors interested in participating in the IPO, the IPO details are as follows: Dates: 30 Aug to 1 Sep 2023
Price Band: ₹418 to ₹441 per share
Lot Size: 34 Shares
IPO Size: 490.78 Crs
Retail Quota: 35%
Allotment Date: 6/7 Sept 2023 (Tentative)
Listing Date: 11 Sept
GMP: +15% (only for information)
Link for checking IPO Allotment Status👇
Frequently Asked Questions (FAQs)
1. What are the key objectives of Rishabh Instruments' IPO?
A: The primary objectives of the IPO include financing the expansion of the manufacturing facility and catering to general corporate purposes.
2. When is the IPO of Rishabh Instruments Limited scheduled?
A: The IPO of Rishabh Instruments Limited is scheduled to take place from August 30th to September 1st, 2023.
3. What is the significance of the allotment and listing dates? A: The allotment date, tentatively scheduled for September 6th or 7th, 2023, is when the shares are allocated. The listing date, September 11, 2023, marks the company's official entry into the stock market.
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