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Rishabh Instruments IPO

Rishabh Instruments IPO

  • Status: Closed
  • RHP:
  • ₹ 14,212 / 34 shares

    Minimum Investment

IPO Details

  • Open Date

    30 Aug 2023

  • Close Date

    01 Sep 2023

  • IPO Price Range

    ₹ 418 to ₹ 441

  • IPO Size

    ₹ 490.78 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    11 Sep 2023

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IPO Timeline

Rishabh Instruments IPO Subscription Status

Last Updated: 01 September 2023 6:08 PM by 5Paisa

Rishabh Instruments Limited IPO is all set to open from 30th August to 1st September 2023. The company designs, manufactures and develops Test and Measuring Instruments and Industry Control Products. The IPO includes a fresh issue of 1,700,680 equity shares worth ₹75 cr and an Offer For Sale (OFS) of 9,428,178 equity shares worth ₹415.78 cr. The total issue size is ₹490.78 cr. The share allotment date is 6th September, and the IPO will be listed on 11th September on the stock exchanges. The price band is ₹418 to ₹441 per share and the lot size is 34 shares.    

DAM Capital Advisors Limited, Mirae Asset Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar. 

Objectives of Rishabh Instruments IPO:

Rishabh Instruments Limited plans to utilize the raised capital from IPO to:

●    Fund the expansion of the Nashik Manufacturing Facility 
●    Fund general corporate purposes 
 

Rishabh Instruments IPO Video:

 

Established in 1982, Rishabh Instruments is a global energy efficiency solution company, specializing in electrical automation, precise metering, and measurement equipment, among other precision-engineered products. Their innovations find applications in diverse industries, such as power, automotive, and industrial sectors. The company sells a diverse selection of equipment for electrical measurement and process optimization equipment under their own brand, catering to various industries.

As a vertically integrated player, Rishabh Instruments design, develop, manufactures, and supply i) electrical automation devices ii) metering, control, and protection devices iii) portable test and measuring instruments iv) solar string inverters. 

Rishabh Instruments has a network of 164 authorized distributors and stockists, serving customers in more than 70 countries, including prominent regions like Germany, the United States, the United Kingdom, Australia, and the Middle East. Lumel, a subsidiary of Rishabh Instruments, maintains a strong presence with 15 authorized distributors/stockists in Poland and a further 20+ distributors/stockists outside Poland, ensuring their products reach customers worldwide.

Peer Comparison
The company has different competitors for each of its segments. 

For More Information:
Webstory on Rishabh Instruments IPO
Rishabh Instruments IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 569.54 470.25 389.95
EBITDA 86.31 82.63 70.02
PAT 49.68 49.65 35.94
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 648.92 563.89 511.97
Share Capital 29.25 14.62 14.62
Total Borrowings 240.18 217.79 209.84
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 27.50 13.28 52.93
Net cash from / (used in) investing activities -2.71 -10.76 -20.83
Net cash flow from / (used in) financing activities -4.50 -7.06 -23.02
Net increase (decrease) in cash and cash equivalents 20.29 -4.54 9.07


Strengths

1.    The company has advanced research and development capabilities.
2.    Global engineering solution provider.
3.    Well-positioned in the industry to benefit from mega industrialization trends. 
4.    Diversified product mix and a wide customer base. 
5.    Global and integrated business model which is cost competitive and de-risking customer supply chain. 
6.    Well-established brands under its name such as Rishabh, Lumel, Sifam, and Tinsley. 
 

Risks

1.    Dependent on our Poland Manufacturing Facilities and any disruption that can impact its business. 
2.    Operational and financial risks due to dependency on subsidiaries.
3.    Shortages in the supply of semiconductors can have an adverse impact on the company.
4.    Foreign exchange fluctuations can impact the company’s earnings and profitability. 

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FAQs

The minimum lot size of Rishabh Instruments IPO is 34 shares and the investment required is ₹14,212.

The price band of the Rishabh Instruments IPO is ₹418 to ₹441.

Rishabh Instruments IPO is open from 30th August to 1st September 2023.
 

 The total size of Rishabh Instruments IPO is ₹490.78 cr. 

The share allotment date of Rishabh Instruments IPO is 6th of September.

The Rishabh Instruments IPO will be listed on the 11th of September.

DAM Capital Advisors Limited, Mirae Asset Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for Rishabh Instruments IPO. 

Rishabh Instruments Limited plans to utilize the raised capital from IPO to:

1.    Fund the expansion of the Nashik Manufacturing Facility 
2.    Fund general corporate purposes  
 

To apply for Rishabh Instruments IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Rishabh Instruments Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.