Rishabh Instruments Limited
ListedMainboardCapital Goods · NSE / BSE
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.
Price Band
₹418 – ₹441
Issue Size
₹491 Cr
Lot Size
34 shares
GMP
₹62
+14.1%
Est. Listing
₹503
at current GMP
Subscribed
31.65x
overall
Open
30 Aug 2023
Close
1 Sep 2023
Allotment
6 Sep 2023
Refund
7 Sep 2023
Demat Credit
8 Sep 2023
Listing
11 Sep 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Capital Goods segment
- •Price band established at ₹418 - ₹441 per equity share
- •Minimum bid lot is 34 shares
- •Estimated listing target of ₹503 based on current grey market activity