Rishabh Instruments Limited is a global energy efficiency solution provider specialising in electrical automation, metering and measuring, precision designed goods, and other products with various applications in industries such as power, automotive, and industrial. Rishabh Instruments IPO will hit the stock market in April 2023.
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About Rishabh Instruments
They provide a comprehensive range of electrical measurement and process optimization equipment, as well as designing, developing, manufacturing, and selling products under their own brand in a variety of industries.
Through their product line, they offer comprehensive solutions to customers searching for cost-effective ways to monitor, regulate, record, analyse, & optimise energy and processes.
They also offer comprehensive aluminium high pressure die casting solutions for companies who require close tolerance fabrication (such as automobile compressor manufacturers and automation high precision flow metre makers), as well as precision machining and finishing.
Their company is a global leader in the manufacture and supply of analogue panel metres, as well as a global leader in the manufacture and supply of low voltage current transformers.
Production
For metres, controllers, and recorders, Lumel is the most widely used brand in Poland, and Lumel Alucast is a major participant in non-ferrous pressure casting in Europe.
Rishabh Instruments limited is a vertically integrated company that designs, develops, manufactures, and supplies solar string inverters, portable test and measurement equipment, metering, control, and protective devices.
Additionally, through their subsidiary, lumel alucast, they produce and distribute high pressure die cast aluminium. They were designated a “Star Performer” by the Engineering Export Promotion Council of India for a period of six years in the product category of other instruments and appliances.
Additionally, they offer manufacturing services such as software solutions, EMI/EMC testing services, mould design and manufacture, and electronic manufacturing services (e.g., MARC).
Products
Software for energy management, transducers and isolators, paperless recorders and dataloggers, temperature and humidity recorders, I/O converters, and temperature controllers are a few examples of electrical automation goods.
Analog panel metres, rotary cam switches, current transformers, digital panel metres, multifunction metres, multi-load monitoring metres, power quality metres, power quality analyzers, power factor controllers, LV and MV relays, genset controllers, synchronising units, power supplies, and battery chargers are just a few of the metering, control, & protection devices they use.
They produce a variety of digital multimeters, digital clamp metres, digital insulation testers, digital earth testers, & environmental products like ultrasonic level/thickness metres, digital luxmeters, non-contact tachometers, DB metres, & submarine cable fault locators among other portable test and measuring instruments under their portfolio.
Rishabh Instruments IPO
Rishabh Instruments Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 75 Crore and 9,417,500 equity shares on 29 December 2022.
The offer includes a fresh issue of INR 75 Crore and there is offer for sale (OFS) of 9,417,500 equity share by the promoters mentioned in the DRHP. They are looking for any Pre-IPO placement of 15 crore in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 566.28 | 563.89 | 511.97 | 489.30 | |
| Total Revenue | 264.89 | 479.92 | 402.49 | 409.37 | |
| Profit After Tax | 16.83 | 49.65 | 35.94 | 31.55 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 8.03 | 8.03 | 3 |
| Financial Year 2021 | 9.32 | 9.32 | 2 |
| Financial Year 2022 | 12.91 | 12.89 | 1 |
| Weighted Average | 10.90 | 10.89 | |
| 30 June 2022 | 4.25 | 4.24 |
Objects of the Issue
- Repayment/prepayment of debt.
- General corporate objectives and organic growth.
Basis of the offer
Rishabh Instruments limited feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- Leading contract research and manufacturing service provider specialising in heterocyclic and fluoro product families.
- Continuous research and development has resulted in expertise in a variety of difficult chemistries.
- Diversified business model with strong obstacles to entry.
- Long-standing and well-established ties with a prestigious consumer base.
- Concentrate on producing high-quality items using contemporary infrastructure and a reliable supply chain.
- Proven track record of strong financial performance.
Rishabh Instruments Peer Comparison
There are no comparable listed companies operating a similar business to their Company in India or anywhere else in the world. As a result, it is impossible to provide a P/E ratio for their company compared to that of its industry peers.
Rishabh Instruments IPO Details
| IPO Opening Date | April 2023 |
| IPO Closing Date | April 2023 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 75 Crores & 9,417,500 Equity Shares |
| Fresh Issue | 75 Crore |
| Offer for Sale | 9,417,500 Equity Shares |
Rishabh Instruments IPO Date
Rishabh Instruments Limited IPO opening date is April 2023, and the closing date is April 2023. The Rishabh Instruments issue may list in April 2023.
| IPO Opening Date | April 2023 |
| IPO Closing Date | April 2023 |
| Basis of Allotment Date | April 2023 |
| Initiation of Refunds | April 2023 |
| Credit of Shares to Demat Account | April 2023 |
| IPO Listing Date | April 2023 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 35 | Minimum 1 lot based on availability |
Rishabh Instruments IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Rishabh Instruments IPO.
Rishabh Instruments IPO GMP
Rishabh Instruments Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
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Rishabh Instruments Limited IPO Review
Rishabh Instruments Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Rishabh Instruments IPO is good or bad.
Rishabh Instruments IPO Risk
- Their manufacturing facilities are essential to their business and will remain so, and the manufacturing process entails some hazards. Their plans to increase their manufacturing capacity are susceptible to delays, cost overruns, and other risks and uncertainties.
- They aim to use a significant percentage of the Net Proceeds of the Offer towards their Expansion Project. They risk having a materially negative impact on their business and operational outcomes if they do not successfully implement their production schedules.
- Most of their clients do not sign long-term agreements, and they may cancel orders, alter production volumes, postpone production, or alter their sourcing approach.
- If they don’t keep their inventories at the right levels, their expenses will go up and that will hurt their business.
Other Threats
- Their business and prospects may be materially and unfavourably impacted if they are unable to execute their strategies to increase their geographic footprint and customer base.
- The COVID-19 pandemic could have a significant impact and keep having a negative effects on their business, financial condition and reputation, but it is unclear how long those effects will last.
- They rely on their promoter, management group, a number of key managerial personnel, and individuals with technical expertise, and the loss of or their failure to attract or retain such individuals could negatively impact their business and financial condition.
- Due to the dangers involved with their multi-location operations and international sales, they may see a negative impact on their earnings and sales abroad.
Rishabh Instruments IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Rishabh Instruments IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Rishabh Instruments Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| April 2023 | 1 | |||||
| April 2023 | 2 | |||||
| April 2023 | 3 |
Rishabh Instruments Limited Management
Narendra Joharimal Goliya, Rishabh Instruments limited’s Promoter, Chairman, and Managing Director, launched their business in 1982. He graduated with a master’s in science from Leland Stanford Junior University and a bachelor’s degree in technology (electrical engineering) from the Indian Institute of Technology, Bombay.
He has worked in the manufacturing and electrical industries for more than 40 years. They proactively expanded their activities to international markets, building on their 40-year experience in India.
As a result, they purchased or formed seven foreign subsidiaries: three in Poland, one in the UK, one in the US, one in China, and one in Cyprus. Additionally, in September 2013, South Asia Clean Energy Fund bought a share ( 19.90%) in their business through its subsidiary, SACEF.
Research & Development
They are a technology and R&D-focused business that focuses on innovation in its products, processes, and applications to benefit both the industry and its customers. Their R&D facilities in India have received both national and international accreditation. As of October 31, 2022, their R&D facilities in China, Poland, and India are staffed with a group of 93 engineers.
They have received two patents for clamp metres with rotary jaw mechanisms and clamp metres with safe trigger mechanisms in India, as well as the United States (since 2011 and 2012, respectively), Poland, and the United Kingdom, as well as three design registrations for multimeters, current and voltage transducers, and power transducers in India, as a result of their consistent focus on R&D.
Rishabh Instruments Limited‘ Promoters
- Narendra Joharimal Goliya
Principal Shareholders’s Holding
| Pre Issue Share Holding | 55.60% |
| Post Issue Share Holding |
Rishabh Instruments Limited Prospectus
Contact Details
Rishabh Instruments Limited
A-54, MIDC, Opposite, MIDC Bus Depot,
Andheri (East) Mumbai 400 093, Maharashtra,
India
Email: [email protected]
Telephone: +91 22 6190 2000
Website: www.rishabh.co.in
Registrar
KFin Technologies Limited
Selenium, Tower B, Plot No. – 31 and 32 Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddy 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Lead Manager(s)
- DAM Capital Advisors Limited
- Mirae Asset Capital Markets (India) Private Limited
- Motilal Oswal Investment Advisors Limited
We hope we are able to answer all your questions about Rishabh Instruments IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Rishabh Instruments Limited IPO Opening Date?
Rishabh Instruments Limited IPO will open in April 2023.
Rishabh Instruments Limited IPO Listing Date?
Rishabh Instruments Limited IPO will list in April 2023.
Rishabh Instruments IPO GMP Today?
Rishabh Instruments IPO Grey Market Premium is INR 0 .
Rishabh Instruments Limited IPO Allotment Date?
Rishabh Instruments Limited IPO basis of allotment will be in April 2023.
Lot size for Rishabh Instruments Limited IPO?
Lot size for Rishabh Instruments Limited IPO is 0.
