Rishabh Instruments Limited IPO
Rishabh Instruments Limited IPO
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Rishabh Instruments Limited's completed its IPO journey with a successful listing on NSE, BSE on 11-09-2023. The public offering mobilized 1,11,28,858 Shares in total capital, comprising 17,00,680 Shares in fresh equity and ₹415.78 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹418 to ₹441, with minimum application lots of 34 shares. Investor participation during the 30-08-2023 to 01-09-2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on 06-09-2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rishabh Instruments IPO About Company
Incorporated in 1982, Rishabh Instruments Limited is engaged in the manufacturing, design, and development of test and measuring instruments, industrial control products, and energy optimization solutions. The company also offers aluminum high-pressure die-casting services for precision components used in automotive compressors and flow meters. In 2011, it acquired Lumel Alucast in Europe, strengthening its position in low-voltage current transformer manufacturing. Rishabh operates across four product segments – electrical automation devices, metering/control/protection devices, portable test instruments, and solar string inverters. With three manufacturing units and a global network of 270+ dealers, the company serves 70+ countries, along with 150+ dealers across India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rishabh Instruments IPO Strength Factors
NA
Rishabh Instruments IPO Risk Factors
NA
Rishabh Instruments IPO Lead Manager(s)
- Dam Capital Advisors Limited
- Motilal Oswal Investment Advisors Limited
- Mirae Asset Capital Markets (India) Private Limited
Rishabh Instruments IPO Promoter(s)
- Mr. Narendra Joharimal Goliya
Rishabh Instruments IPO FAQs
Rishabh Instruments Limited IPO subscribed 31.65 times. The public issue subscribed 8.43 times in the retail category,72.54times in QIB, and 34.01 times in the HNI (10+) category byNovember 7, 2025 8:34:41 AM (Day 7).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rishabh Instruments IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rishabh Instruments IPO FAQs
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