25-Aug-2023
2 mins read
Rishabh Instruments, a renowned international energy efficiency solutions provider, has obtained approval from Sebi to raise capital through an initial public offering (IPO).
The firm’s IPO will raise around Rs 75 crore via fresh issue and an offer for sale (OFS) of up to 9.43 million shares by its existing shareholders and promoters. The basis of allotment is scheduled for September 6, with share credits taking place on September 8. The company is set to be listed on the stock exchanges on September 11.
Rishabh Instruments Limited Company Profile
Rishabh Instruments Limited, founded in 1982, is actively involved in the manufacturing, design, and advancement of Test and Measuring Instruments and Industrial Control Products.
The company offers diverse economical solutions for measuring, controlling, recording, analyzing, and enhancing energy and various processes. Additionally, they deliver comprehensive solutions for high-pressure die-casting in aluminium. These solutions cater to customers with stringent fabrication requirements, including those in the automotive compressor manufacturing and automation high precision flow meters manufacturing sectors. The company covers the entire spectrum from precise machining to finishing of intricate precision components.
In 2011, Rishabh Instruments acquired Lumel Alucast, bolstering their manufacturing capabilities, particularly in low-voltage current transformers. The company also offers additional services like mold design, EMI/EMC testing, Electronic Manufacturing Services, and software solutions such as MARC.
Financials of Rishabh Instruments Limited IPO (In Rs Crore)
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| 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 | 346.1 | 408.75 |
| Reserves and Surplus | 0 | 0 | 0 |
| Total Borrowing | 91.95 | 96.57 | 102.85 |
Important Dates for Rishabh Instruments Limited IPO
| IPO Date | Aug 30, 2023, to Sep 1, 2023 |
| Listing Date | Monday, 11 September 2023 |
| Face Value | Rs 10 per share |
| Price | Yet to announce |
| Lot Size | Yet to announce |
| Total Issue Size | Yet to announce |
| Fresh Issue | Rs 75.00 |
| Offer for Sale | 9,428,178 shares of Rs 10 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 36,260,678 |
Objectives of the Rishabh Instruments Limited IPO
The company plans to use the funds raised from the issue for two primary purposes:
- Funding the expansion of Nashik Manufacturing Facility I.
- Catering to general corporate requirements.
Promoters of the Rishabh Instruments Limited IPO
The promoters of Rishab Instruments Limited IPO are Asha Narendra Goliya, Rishabh Narendra Goliya, Narendra Rishabh Goliya (HUF)
Lead Managers of Rishabh Instruments Limited IPO
The lead managers of Rishab Instruments Limited are Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Motilal Oswal Investment Advisors Pvt Ltd, Mirae Asset Capital Markets (India) Private Limited.
How to Apply for The Rishabh Instruments Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for Rishabh Instruments Limited IPO with Bigul: https://ipo.bonanzaonline.com/.
FAQ-
- What is Rishabh Instruments Limited IPO?
Rishabh Instruments Limited is a company that specialises in energy efficiency solutions and industrial control products. They are raising capital through an Initial Public Offering (IPO) to fund their expansion and cater to general corporate requirements.
- What is the IPO timeline for Rishabh Instruments Limited?
The IPO is scheduled to open for subscription from August 30, 2023, to September 1, 2023. The listing date is set for Monday, September 11, 2023.
- What is the price of the shares in the Rishabh Instruments IPO?
The IPO price per share is yet to be announced.
- What is the lot size for the Rishabh Instruments IPO?
The lot size for the IPO is yet to be announced.
- What is the total issue size?
The total issue size is yet to be announced.
- How much is the fresh issue in the IPO?
The fresh issue in the IPO is Rs 75.00 crore.
- Who are the promoters of Rishabh Instruments Limite
The promoters of Rishabh Instruments Limited are Asha Narendra Goliya, Rishabh Narendra Goliya, and Narendra Rishabh Goliya (HUF).
- Who are the lead managers for the Rishabh Instruments IPO?
The lead managers for the IPO are Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Motilal Oswal Investment Advisors Pvt Ltd, and Mirae Asset Capital Markets (India) Private Limited.