Founded in 1982, Rishabh Instruments Limited is a company focused on manufacturing, designing, and developing Test and Measuring Instruments and Industrial Control Products. They offer cost-effective solutions for energy and process measurement, control, recording, analysis, and optimization. The company also provides aluminum high-pressure die-casting solutions, serving industries like automotive compressor and high-precision flow meter manufacturing, precision component machining, and finishing.
In 2011, Rishabh Instruments made a significant acquisition, Lumel Alucast, a European non-ferrous pressure casting company, strengthening its position in the manufacturing and supply of low-voltage current transformers. The company offers various additional services, including mold design and manufacturing, EMI/EMC testing, Electronic Manufacturing Services, and software solutions like MARC.
Rishabh Instruments operates in four segments: electrical automation devices, metering, control, and protection devices, portable test and measuring instruments, and solar string inverters. With three manufacturing units and a vast network of over 270 global dealers, they reach 70+ countries, including 150+ dealers across India covering every state.
Rishabh Instruments IPO Highlights:
IPO Type: Book Built Issue IPO
IPO Dates: August 30, 2023, to September 1, 2023
Face Value: ₹10 per share
Price Range: ₹418 to ₹441 per share
Minimum Lot Size: 34 Shares
Total Issue Size: 11,128,858 shares (₹490.78 Cr)
Fresh Issue: 1,700,680 shares (₹75.00 Cr)
Offer for Sale: 9,428,178 shares (₹415.78 Cr)
Listing Exchanges: BSE, NSE
Pre-Issue Shareholding: 80.67%
Post-Issue Shareholding: 70.68%
Rishabh Instruments IPO Reservation:
QIB Shares Offered: Up to 50.00% of the Net Offer
NII (HNI) Shares Offered: Not less than 15.00% of the Offer
Retail Shares Offered: Not less than 35.00% of the Offer
Rishabh Instruments IPO Timeline:
IPO opens on August 30, 2023, and closes on September 1, 2023.
Basis of Allotment: September 6, 2023
Refunds Initiated: September 7, 2023
Shares credited to Demat: September 8, 2023
Listing Date: September 11, 2023
UPI Mandate Confirmation Cutoff: 5 PM on September 1, 2023
Rishabh Instruments IPO Lot Size:
Minimum Lot Size: 34 shares (₹14,994).
Promoter Holding:
Pre-Issue Share Holding: 80.67%
Post-Issue Share Holding: 70.68%
Company Financials (Consolidated):
Assets (₹ Crore):
March 31, 2021: 511.97
March 31, 2022: 563.89
March 31, 2023: 648.93
Revenue (₹ Crore):
March 31, 2021: 402.49
March 31, 2022: 479.92
March 31, 2023: 579.78
Profit After Tax (₹ Crore):
March 31, 2021: 35.94
March 31, 2022: 49.65
March 31, 2023: 49.69
Net Worth (₹ Crore):
March 31, 2021: 302.13
March 31, 2022: 346.10
March 31, 2023: 408.75
Total Borrowing (₹ Crore):
March 31, 2021: 91.95
March 31, 2022: 96.57
March 31, 2023: 102.85
Market Cap (₹ Cr.): 1674.1
ROE (Return on Equity): 12.39%
ROCE (Return on Capital Employed): 13.77%
Debt/Equity: 0.26
EPS (Earnings per Share): ₹12.84
RoNW (Return on Net Worth): 11.67%
Objectives of the IPO:
Fund the expansion of Nashik Manufacturing Facility I.
General corporate purposes.