What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Rishabh Instruments Limited IPO?

Rishabh Instruments Limited IPO has received a total subscription of 31.65 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Rishabh Instruments Limited

ListedMainboard

Capital 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

31.65x

Total Demand

QIB Multiplier

72.54x

Institutions & Funds

NII / HNI

31.29x

High Net-Worth

Retail (RII)

8.43x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 31.65x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,225,772	161,457,840	72.54x
NIB	1,669,329	52,228,012	31.29x
HNIs(10L +)	1,112,886	37,845,604	34.01x
HNIs (2-10L)	556,443	14,382,408	25.85x
RETAIL	3,895,101	32,840,158	8.43x
Total	9,459,531	298,754,022	31.65x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 9.25x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	114,561	965,749	8.43x
HNIs (10L +)	733	22,936	31.29x
HNIs (2-10L)	3,507	109,734	31.29x
Total Applications	118,801	1,098,419	9.25x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Rishabh Instruments Limited Public Issue & Market Profile

Rishabh Instruments Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹490.78 Crores. The shares are offered at a price band of ₹418 to ₹441 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 34 shares (approx. ₹14,994 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-08, while un-allotted funds or UPI block mandates will be released on 2023-09-07.

Frequently Asked Questions

What is Rishabh Instruments Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Rishabh Instruments Limited IPO is ₹62 per equity share. Based on the upper price band of ₹418 to ₹441 per equity share, the estimated listing price is ₹503 (+14.1% expected listing gain).

What is the expected profit per lot for Rishabh Instruments Limited IPO?

With a lot size of 34 shares and current GMP of ₹62, the expected profit per application lot is approx ₹2,108 (+14.1% gain). Minimum application cost is approx ₹14,994.

What is the issue size and price band for Rishabh Instruments Limited IPO?

The Rishabh Instruments Limited IPO aggregate issue size is ₹490.78 Crores with an equity price band set at ₹418 to ₹441 per equity share. The retail lot size is 34 shares requiring a minimum capital outlay of approx. ₹14,994.

How can I check Rishabh Instruments Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 31.65x (Retail: 8.43x, QIB: 72.54x, NII: 31.29x). You can track live multiples directly on our dedicated subscription page.

Where and when will Rishabh Instruments Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-09-06. Investors can verify status using PAN card or application number.

When is the listing date for Rishabh Instruments Limited IPO?

Rishabh Instruments Limited shares are scheduled to list on NSE and BSE on 2023-09-11.