Rishabh Instruments IPO GMP Today, Dates & All Details

rishabh instruments ipo gmp today

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Amidst growing excitement in the financial landscape, the much-anticipated Rishabh Instruments IPO is set to make its mark.

As Rishabh Instruments, a renowned Test and Measuring Instruments leader, prepares to plunge into the capital market, the spotlight is firmly fixed on this upcoming IPO, attracting keen interest from investors and industry observers alike.

In this article, we have tried to break down every aspect of the Rishabh Instruments IPO you need to know before applying.

Let’s start with the Objectives of Rishabh Instruments Limited’s IPO.


Objectives of Rishabh Instruments IPO

ParticularsEstimated Amount (₹ million)
Financing the cost towards the Expansion Project594.95
General Corporate Purposes*[●]
*To be finalized upon determination of the Offer Price and updated in the Prospectus prior to filing with the RoC. The amount utilized for general corporate purposes shall not exceed 25% of the gross proceed from the Fresh Issue.

Rishabh Instruments IPO Details

IPO DateAugust 30, 2023 to September 1, 2023
Listing DateSeptember 11, 2023
Face Value₹10 per share
Price₹418 to ₹441 per share
Lot Size34 Shares
Total Issue Size11,128,858 shares
(aggregating up to ₹490.78 Cr)
Fresh Issue1,700,680 shares
(aggregating up to ₹75.00 Cr)
Offer for Sale9,428,178 shares of ₹10
(aggregating up to ₹415.78 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue36,260,678
Share holding post issue37,961,358

Rishabh Instruments IPO Tentative Timetable

IPO Open DateWednesday, August 30, 2023
IPO Close DateFriday, September 1, 2023
Basis of AllotmentWednesday, September 6, 2023
Initiation of RefundsThursday, September 7, 2023
Credit of Shares to DematFriday, September 8, 2023
Listing DateMonday, September 11, 2023
Cut-off time for UPI mandate confirmation5 PM on September 1, 2023

Rishabh Instruments IPO Reservation

Anchor Investor Shares Offered3,338,656 (30.00%)
QIB Shares Offered2,225,772 (20.00%)
NII (HNI) Shares Offered1,669,329 (15.00%)
Retail Shares Offered3,895,101 (35.00%)
Total Shares Offered11,128,858 (100%)

Rishabh Instruments IPO Lot Size

Retail (Min)134₹14,994
Retail (Max)13442₹194,922
S-HNI (Min)14476₹209,916
S-HNI (Max)662,244₹989,604
B-HNI (Min)672,278₹1,004,598

Rishabh Instruments IPO Financials

ParticularsAs of 09/30/2022As of 03/31/2022As of 03/31/2021As of 03/31/2020
Equity Share Capital (in ₹ million)292.50146.25146.25146.25
Net Worth (in ₹ million)3,498.763,460.983,021.252,853.60
Revenue from Operations (in ₹ million)2,611.434,702.503,899.564,006.93
Profit/(Loss) After Tax (in ₹ million)168.32496.52359.40315.47
Earnings per Share (Basic) (in ₹)4.2512.919.328.03
Earnings per Share (Diluted) (in ₹)4.2412.899.328.02
Net Asset Value per Equity Share (in ₹)94.0693.3880.3374.98
Total Borrowings (as per Balance Sheet)981.53965.69919.52817.86
– (in ₹ million except per share data)


  1. Basic earnings per share = Net profit after tax / Weighted average number of shares outstanding during the period/year.
  2. Diluted earnings per share = Net profit after tax / Weighted average number of potential shares outstanding during the period/year.
  3. Net asset value per equity share is calculated as the Net Worth (excluding non-controlling interest) divided by the weighted average number of equity shares outstanding during the respective year.
  4. Borrowings consist of current and non-current (including current maturities of long-term borrowings) borrowings as per the Restated Consolidated Financial Information.

Rishabh Instruments IPO Promoters

Rishabh Instruments Limited’s promoter is Narendra Joharimal Goliya.

Here’s his pre-issue and post-issue share holding in the company:

Pre Issue Share Holding80.67%
Post Issue Share Holding70.68%

Rishabh Instruments Limited Company Background

  • Founded: 1982
  • Business Focus: Manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products
  • Core Solutions: Providing cost-effective solutions for energy and process measurement, control, analysis, and optimization
  • Expertise: Complete aluminium high-pressure die-casting solutions for automotive compressor and precision flow meter manufacturers
  • Acquisition: Acquired Lumel Alucast in 2011, expanding into low-voltage current transformers
  • Additional Services: Mould design, EMI/EMC testing, Electronic Manufacturing Services, software solutions (e.g., MARC)
  • Segments:
    • Electrical automation devices
    • Metering, control, and protection devices
    • Portable test and measuring instruments
    • Solar string inverters
  • Global Presence:
    • 3 manufacturing units
    • 270+ dealers worldwide
    • Presence in 70+ countries
    • 150+ dealers across India, covering all states

Rishabh Instruments Limited Industry Overview

The global electrical automation market, valued at USD 139.1 billion in 2021, is poised for significant growth and is expected to reach USD 203.6 billion by 2026.


Simultaneously, the metering, control, and protection devices market, estimated at USD 33 billion in 2021, is projected to expand to USD 41.7 billion by 2026.

In portable test and measurement equipment, a robust 5% growth rate is anticipated, leading to a market worth USD 6.3 billion by 2026.

Moreover, the solar string inverters market is set for substantial expansion, with global revenue forecasted to rise from USD 4 billion in 2021 to USD 6.2 billion in 2026, representing a commendable Compound Annual Growth Rate (CAGR) of 9%.

These trends signify exciting opportunities and advancements in the respective industries.


Rishabh Instruments IPO GMP Today

DateRishabh Instruments IPO GMP
– Source: 5paisa
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