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) solar string inverters.
The company has 3 manufacturing units and more than 270 dealers across the globe, reaching 70+ countries and 150+ dealers across India covering every state.
Rishabh Instruments IPO Details
Rishabh Instruments IPO is a Book Built Issue. The IPO total issue size is Rs 490.78 Cr. The Rishabh Instruments IPO price is ₹418 to ₹441 per share. The IPO will list on BSE, NSE.
| IPO Date | Aug 30, 2023 to Sep 1, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹418 to ₹441 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 11,128,858 shares (aggregating up to ₹490.78 Cr) |
| Fresh Issue | 1,700,680 shares (aggregating up to ₹75.00 Cr) |
| Offer for Sale | 9,428,178 shares of ₹10 (aggregating up to ₹415.78 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 36,260,678 |
| Share holding post issue | 37,961,358 |
Rishabh Instruments IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Rishabh Instruments IPO Timetable (Tentative)
Rishabh Instruments IPO opens on Aug 30, 2023, and closes on Sep 1, 2023.
| IPO Open Date | Wednesday, 30 August 2023 |
| IPO Close Date | Friday, 1 September 2023 |
| Basis of Allotment | Wednesday, 6 September 2023 |
| Initiation of Refunds | Thursday, 7 September 2023 |
| Credit of Shares to Demat | Friday, 8 September 2023 |
| Listing Date | Monday, 11 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 1, 2023 |
Rishabh Instruments IPO Lot Size
The minimum lot size of this Rishabh Instruments IPO is 34 shares required is ₹14,994.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,994 |
| Retail (Max) | 13 | 442 | ₹194,922 |
| S-HNI (Min) | 14 | 476 | ₹209,916 |
| S-HNI (Max) | 66 | 2,244 | ₹989,604 |
| B-HNI (Min) | 67 | 2,278 | ₹1,004,598 |
| Lot Size Calculator |
Rishabh Instruments IPO Promoter Holding
Mr. Narendra Joharimal Goliya is the promoter of the company.
| Pre Issue Share Holding | 80.67% |
| Post Issue Share Holding | 70.68% |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 511.97 | 563.89 | 648.93 |
| Revenue | 402.49 | 479.92 | 579.78 |
| Profit After Tax | 35.94 | 49.65 | 49.69 |
| Net Worth | 302.13 | 346.10 | 408.75 |
| Reserves and Surplus | |||
| Total Borrowing | 91.95 | 96.57 | 102.85 |
Amount in ₹ Crore
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 1674.1 |
| ROE | 12.39% |
| ROCE | 13.77% |
| Debt/Equity | 0.26 |
| EPS (Rs) | 12.84 |
| RoNW | 11.67% |
Check Rishabh Instruments IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Financing the cost towards the expansion of Nashik Manufacturing Facility I, and
- General corporate purposes.
Rishabh Instruments IPO Review (May apply)
[Dilip Davda] RIL is a global leader in energy efficiency solutions and precision engineering products. Its top line included above 66% export revenues, this indicates that it has already created a niche place in the global market for its products. Based on FY23 earnings, the issue appears fully priced. However, well-informed investors may consider investment for medium to long-term rewards. Read detail review…
Company Contact Information
Rishabh Instruments Limited
A-54, MIDC, Opposite,
MIDC Bus Depot, Andheri (East)
Mumbai – 400 093
Phone: +91 253 220 2183
Email: cs@rishabh.co.in
Website: https://rishabh.co.in/
Rishabh Instruments IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: rishabh.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/