Rishabh Instruments Limited

Company Profile
Company Name Rishabh Instruments Limited
Open Date 30-08-2023
Close Date 01-09-2023
Exchange BSE, NSE
Lot Size 34 Shares
Issue Price ₹418 to ₹441 per share
Issue Size 1,11,28,858 Equity Shares
Application Amount Min. Inv. - ₹ 14,994 (34 shares) Max. Inv. - ₹ 1,94,922 (442 shares)
Recommendation Apply

Company was incorporated in the year 1982 and has its registered office in Maharashtra. Company is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products.R&D centres inIndia are accredited nationally and internationally. R&D centres in India, Poland and China are staffed with a team of 95 engineers as of May 31, 2023.Company manufactures all products in-house from five manufacturing facilities – two in India, two in Poland and one in China. As on March-23, Company has 516 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended Mar 21 Mar 22 Feb 23
Total Assets 51,197.00 56,389.20 64,892.80
Net Assets 30,212.50 34,609.80 40,874.80
Total Borrowings 9,195.20 9,656.90 10,285.40
Total Revenue 40,249.20 47,991.50 57,978.10
Profit After Tax 3,594.00 4,965.20 4,968.70

Tentative Timeline

Opening Date 30/08/2023
Closing Date 01-09-2023
Basis of Allotment 06-09-2023
Initiation of Refunds 07-09-2023
Credit of Shares to Demat 08-09-2023
Listing Date 11-09-2023

Objects of the Issue

Financing the cost towards the expansion of Nashik Manufacturing Facility I.
General corporate purposes.

Contact Information

Registered Office Rishabh Instruments Limited A-54, MIDC, Opposite, MIDC Bus Depot, Andheri (East) Mumbai - 400 093
Phone +91 253 220 2183
Email cs@rishabh.co.in
Website https://rishabh.co.in/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email rishabh.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

QIB Shares Offered Not more than 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

Shareholding Pattern

Pre Issue Share Holding (Promoters) 80.67%
Post Issue Share Holding (Promoters) 70.68%

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