Rishabh Instruments Limited is global energy efficiency solution company offering electrical automation, metering and measuring, and precession engineering through a vertically integrated business model. The company designs, develops, and manufactures devices for the power, automotive, and industrial sectors.
The company is a vertically integrated player involved in designing, developing, manufacturing and supplying:
- Electrical automation devices;
- Metering, control and protection devices;
- Portable test and measuring instruments; and
- Solar string inverters
In addition, the company manufacture and supply aluminium high pressure die casting through its Subsidiary, Lumel Alucast. As on 31 May 2023, the company’s R&D centres in India, Poland and China with a team of 95 engineers.
The company manufacture all its products in-house from its five manufacturing facilities – two in India, two in Poland and one in China.
In India, both the manufacturing facilities are situated in Nashik, Maharashtra. Both the Nashik Manufacturing Facilities hold ISO 9001:2015 certification of quality management system.
In Poland as well, the company has two manufacturing facilities both situated at Zielona Góra, Poland. Both the Poland Manufacturing Facilities hold various accreditations including ISO 9001:2015, ISO 14001:2015 and IATF 16949:2016.
The company’s China Manufacturing Facility located in Shanghai, China houses a production facility and an R&D unit and holds ISO 9001:2015 certification of quality management system.
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
| IPO Opening Date | 30 August 2023 |
| IPO Closing Date | 01 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,11,28,858 Shares Worth ₹490.78 Crore Fresh Issue: 17,00,680 Shares Worth ₹75.00 Crore Offer For Sale: 94,28,178 Shares Worth ₹415.78 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹418 – ₹441 |
| Market Lot | 34 Shares |
| Min Order | 34 Shares |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Rishabh Instruments IPO – Date Schedule
| IPO Open Date | 30 August 2023 |
| IPO Close Date | 01 September 2023 |
| Basis of Allotment Date | 06 September 2023 |
| Initiation of Refunds | 07 September 2023 |
| Credit of Shares to Demat Account | 08 September 2023 |
| IPO Listing Date | 11 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 01 September 2023 |
Rishabh Instruments IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | 14,994 |
| Retail (Max) | 13 | 442 | 1,94,922 |
| S-HNI (Min) | 14 | 476 | 2,09,916 |
| S-HNI (Max) | 66 | 2244 | 9,89,604 |
| B-HNI (Min) | 67 | 2278 | 10,04,598 |
Competitive Strengths
- Ability to drive technology and innovation through advanced research and development capabilities;
- Global engineering solution provider operating in large addressable markets and well positioned to benefit from mega industrialisation trends;
- Vertically integrated operations, backed by strong manufacturing capabilities;
- Diversified product portfolio;
- Wide customer base; and
- Track record of successful integration of acquired businesses or entities across geographies.
Company Promoters
- Narendra Rishabh Goliya
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 402.49 | 356.72 | 35.94 | 91.95 |
| 31 March 2022 | 479.91 | 420.69 | 49.65 | 96.56 |
| 31 March 2023 | 579.78 | 519.07 | 49.68 | 102.85 |
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 |
Object Of The Issue
- Financing the cost towards the Expansion of Nashik Manufacturing Facility I.
- General corporate purposes.
Rishabh Instruments IPO Promoter Holding
| Pre Issue Share Holding | 80.67% |
| Post Issue Share Holding | 70.68% |
Rishabh Instruments IPO Prospectus
Company Contact Information
| Rishabh Instruments Limited A-54, MIDC, Opposite, MIDC Bus Depot, Andheri (East) Mumbai 400 093, Maharashtra, India Phone: +91 253 220 2183 Email: cs@rishabh.co.in Website: www.rishabh.co.in |
Rishabh Instruments IPO Registrar
| KFin Technologies Limited Phone: +91 40 6716 2222 Email: rishabh.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Rishabh Instruments IPO Lead Manager(s)
| 1. DAM Capital Advisors Limited 2. Mirae Asset Capital Markets (India) Private Limited 3. Motilal Oswal Investment Advisors Limited |
Rishabh Instruments IPO FAQs
| What is Rishabh Instruments IPO? Rishabh Instruments IPO is a main-board IPO. The issue is priced at ₹418 to ₹441 per equity share. The IPO is to be listed on BSE & NSE. |
| When Rishabh Instruments IPO will open? The IPO is to open on 30 August 2023 for QIB, NII, and Retail Investors. |
| What is Rishabh Instruments IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Rishabh Instruments IPO? You can apply Rishabh Instruments IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rishabh Instruments IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rishabh Instruments”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rishabh Instruments IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rishabh Instruments”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rishabh Instruments IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rishabh Instruments”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rishabh Instruments IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rishabh Instruments”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rishabh Instruments IPO Size? Rishabh Instruments IPO size is ₹490.78 Crore. |
| What is Rishabh Instruments IPO Price Band? Rishabh Instruments IPO Price Band is ₹418 to ₹441. |
| What is Rishabh Instruments IPO Minimum and Maximum Lot Size? The minimum bid is 34 Shares with ₹14,441 amount while the maximum bid is 442 shares with ₹1,94,922. |
| What is the Rishabh Instruments IPO Allotment Date? Rishabh Instruments IPO allotment date is 06 September 2023. |
| What is the Rishabh Instruments IPO Listing Date? Rishabh Instruments IPO listing date is 11 September 2023. The IPO is to list on BSE and NSE. |
