IPO Details

Bidding Dates

30 Aug '23 - 01 Sep '23

Minimum Investment

₹14,994/ 1 Lots (34 Shares)

Price Range

₹418 - ₹441

Maximum Investment

₹194,922/ 13 Lots (442 Shares)

Retail Discount

Not Applicable

Issue Size

₹490.78 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Rishabh Instruments IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Aug 30, 2023

IPO Closing Date

Sep 1, 2023

Basis of Allotment

Sep 6, 2023

Initiation of Refunds

Sep 7, 2023

Credit of Shares to Demat Account

Sep 8, 2023

IPO Listing Date

Sep 11, 2023

Rishabh Instruments IPO Subscription Details


Day 1Aug 30, 2023

0.01 1.25 0.96 0.75

Day 2Aug 31, 2023

0.22 4.66 2.83 2.48

Day 3Sep 1, 2023

72.54 31.29 8.43 31.65

Rishabh Instruments IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 72.54
Non-Institutional Buyers 31.29
Retail Investors 8.43
Total 31.65

About Rishabh Instruments Ltd.

It’s a 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 global leader in manufacturing and supplying analogue panel metres and low-voltage current transformers. It is involved in product innovation with R&D centres in India, Poland, and China. Among 5 manufacturing units, 2 are in India, 2 in Poland and 1 is in China. It caters to a base of 100 customers with a portfolio of 145 product lines.

Rishabh Instruments Ltd. IPO Details

Rishabh Instruments is a fresh IPO and offer for sale worth ₹490.78 crore. The issue comprises 1,11,28,858 shares and is priced at ₹418 to ₹441 per share. Retail investors can bid for the Rishabh Instruments Limited IPO, which will open on August 30, 2023. Rishabh Instruments Limited’s IPO will be listed on the BSE and NSE exchange on September 11, 2023.

Rishabh Instruments Ltd. IPO Objectives

The company proposes to utilise the net proceeds received from the fresh issues in the following areas.

  • To finance the expansion of its Nashik manufacturing unit.
  • General corporate purposes.

Should you invest in Rishabh Instruments Ltd.?

You may like to consider the following reasons before investing in Rishabh Instruments Ltd. IPO.

  • The company is a global player providing electrical automation, meeting and measuring, and precision engineering solutions.
  • It has a diversified product suite of 145 items manufactured internally in 5 manufacturing units.
  • The company has been operational since 1982 and has a successful operational record with steady growth in revenue and profit.
  • The industry in which it supplies its products and services offers an excellent opportunity for growth.

Competitive Peers

There is no comparable company in India or globally that engages in the business line of the company.

Rishabh Instruments Ltd. Noteworthy highlights

  • Rishabh Technologies invested Rs.93.56 million towards R&D in Fiscal 2022.
  • As a global energy-efficient, solution-providing company, Rishabh Technologies caters to 100+ customers.

Rishabh Instruments Company Financials

Particulars 6 months ending September 30, 2022 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operations 2,622.43 4,702.50 3,899.56
Profit After Tax (PAT) 168.32 496.52 700.21
PAT Margin 6.35% 10.35% 8.93%
EBITDA 358.07 826.32 700.21
EBITDA Margin 13.71% 17.57% 17.96%
ROE 4.91% 14.58% 12.01%

Know before investing


  1. The company has abilities to drive technology and innovation to set trends for the industry.

  2. It operates in a vertically integrated model backed by strong manufacturing capabilities.

  3. The company caters to a wide customer base eliminating customer concentration for revenue generation.


  1. It’s a manufacturing company so dependent on the smooth performance of its manufacturing facilities for continuous revenue generation.

  2. Most of the net proceeds from the IPO will go to the expansion of the Nashik unit.

  3. Failing to complete projects on time can impact the company’s profitability.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Enter UPI ID, set quantity/price & submit

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Choose IPO section on Home Page

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Rishabh Instruments IPO FAQs

What is Rishabh Instruments Ltd. IPO?

The Rishabh Instruments Ltd IPO contains a fresh issue and an offer for sale worth ₹490.78 crore. The issue comprises 1,11,28,858 shares and is priced at ₹418 to ₹441 per share. The IPO will open on August 30, 2023.

When will Rishabh Instruments Limited's IPO be allotted?

The Basis of Allotment will happen on Wednesday, September 6, 2023.

When will Rishabh Instruments Limited's IPO open for subscription?

The IPO subscription window will open on August 30, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 34 shares.

When will Rishabh Instruments Limited list on exchanges?

Rishabh Instruments Ltd IPO will be listed on the NSE and BSE exchanges on Monday, September 11, 2023.

How do I check the allotment status of the Rishabh Instruments Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Rishabh Instruments Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is September 11, 2023, for Rishabh Instruments Ltd.

I have finished the application process for the Rishabh Instruments Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How to approve the UPI mandate request for Rishabh Instruments Ltd. IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Rishabh Instruments Ltd. using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for Rishabh Instruments Ltd. IPO?

Will be updated soon.