What is the issue size of Rishabh Instruments IPO?

The issue size of the Rishabh Instruments IPO is Rs 490.78 cr.

What is 'pre-apply' for Rishabh Instruments IPO?

Pre-apply will alow you to apply for the Rishabh Instruments IPO 2 days before the subscription period starts.

If I pre-apply for Rishabh Instruments IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Rishabh Instruments IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Rishabh Instruments IPO order is placed?

We will notify you when your Rishabh Instruments IPO order is placed with the exchange.

What are the open and close dates of the for Rishabh Instruments IPO?

Rishabh Instruments IPO will be open between 30 August - 1 Sept, 2023.

What is the lot size and minimum order quantity of the Rishabh Instruments IPO?

Rishabh Instruments Limited IPO lot size is 34 shares.

What are the allotment dates for the Rishabh Instruments IPO?

Rishabh Instruments IPO allotment date is 6 Sept, 2023. For Rishabh Instruments IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Rishabh Instruments IPO?

Rishabh Instruments IPO registrar is Kfin Technologies Limited. You can check Rishabh Instruments IPO allotment status on the website of the registrar.

Where is the Rishabh Instruments IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Rishabh Instruments IPO

Rishabh Instruments Limited

₹14,212 /34 sharesMinimum Investment

Rishabh Instruments IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹441.00₹460.00₹19.00 (4.31%)
Rishabh Instruments IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
30 Aug ‘23 - 1 Sep ‘23₹14,21234₹418 - ₹441
Issue SizeIPO Doc
490.78CrRHP PDF
Subscription Status As on 01 Sep '23, 5:00 PMQualified Institutional Buyers
72.54x
Non-Institutional Investor
31.29x
Retail Individual Investor
8.43x
Employees
0.00x
Total
31.64x
About Rishabh InstrumentsRishabh Instruments was incorporated in 1982. It is a global company specializing in energy efficiency solutions. Their primary focus is on electrical automation, metering, precision-engineered products, solar string inverters, and more, serving various industries like power, automotive, and industrial sectors. They offer an extensive electrical measurement and process optimization equipment lineup under their brand.
The company fully designs, develops, manufactures, and sells these devices across various sectors. Additionally, they provide complete aluminum high-pressure die-casting solutions for customers requiring precise fabrication, machining, and finishing components.
Furthermore, they offer aluminum high-pressure die-casting services through their subsidiary, Lumel Alucast, based in Telangana.;
Parent Organisation
Rishabh Instruments Limited
Founded
1982
Managing Director
Mr. Narendra Joharimal Goliya
Strengths & Risks
Rishabh Instruments holds two patents for clamp meters with rotary jaw mechanisms and clamp meter safety trigger mechanisms in India and the United States, Poland, and the United Kingdom since 2011 and 2012, respectively. 
The company has secured three design registrations in India for multimeters, current and voltage transducers, and power transducers.
In 2023, 2022, and 2021, the company allocated Rs. 13.45 crores, Rs. 9.36 crores, and Rs. 9.63 crores to research and development expenses. 
The company operates R&D centers in India, Poland, and China as of May 31, 2023. 
The company has an NABL-accredited testing facility that conducts EMI-EMC testing, covering both immunity and emission testing. They employ high-precision imported machinery, including EDM, Wire EDM (Agie Charmilles), CNC SPARK EDM, Vertical Milling Machines (Makino), and high-end calibrators.
The company's product lineup comprises over 145 product lines and a stock of 0.13 million units as of May 31, 2023.
In 2023, 2022, and 2021, the company manufactured 16.21 million units, 14.02 million units, and 13.35 million units of various products.
Over the past three years, the company has served customers in more than 100 countries, including India, Germany, the United States, the United Kingdom, and the Middle East.
The company's products are distributed through a wide network of 175 authorized distributors and stockists spanning 81 districts in India, with direct sales carried out through eight sales offices located in New Delhi, Kolkata, Mumbai, Ahmedabad, Pune, Chennai, Bangalore, and Hyderabad.
Rishabh Instruments relies heavily on its manufacturing facilities in Poland. Any disruptions, slowdowns, or shutdowns at these facilities could severely limit its operations and harm its overall business.
Most of the company's customers do not commit to long-term contracts, and they can cancel orders, change production quantities, delay production, or alter their sourcing strategies at any time.
In 2023, 2022, and 2021, the company generated significant revenue from its top 10 customers, accounting for 31.92%, 23.99%, and 26.42% of total revenue, respectively.
The company faces potential risks related to product quality defects and deficiencies in its manufacturing services, which could lead to the loss of customers and exposure to product liability claims.
The company heavily relies on its subsidiaries for a substantial portion of its operations. Its subsidiaries contribute 67.09%, 72.12%, and 71.64% of total revenue in 2023, 2022, and 2021, respectively, which exposes the company to operational and financial risks.
Shortages in semiconductor supply have previously impacted the company's operations and financial condition, and this risk may continue in the future.
Fluctuations in foreign exchange rates can negatively affect the company's earnings and profitability.
Potential expiration or early withdrawal of financial benefits for the Nashik Manufacturing Facilities could harm the company's business and financials. The company currently benefits from certain incentives from the Ministry of Electronics and Information Technology, GoI.
As of May 31, 2023, the company's subsidiaries have unsecured loans totaling Rs. 17.05 crores, and they may continue to obtain unsecured borrowings in the future, which could be recalled with short notice.
As of May 31, 2023, the company had outstanding borrowings of Rs. 96.29 crores.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹418 - 441₹2 Lakh
High Networth Individual₹418 - 441₹2 - 5 Lakh
For Rishabh Instruments IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹441.00	₹460.00	₹19.00 (4.31%)

Bidding Dates	Min. Investment	Lot Size	Price Range
30 Aug ‘23 - 1 Sep ‘23	₹14,212	34	₹418 - ₹441

Issue Size	IPO Doc
490.78Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹418 - 441	₹2 Lakh
High Networth Individual	₹418 - 441	₹2 - 5 Lakh

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