Rishabh Instruments Limited IPO
Rishabh Instruments Limited was a mainboard IPO in the Other Electrical Equipment sector, offered at ₹418–₹441 per share to raise ₹491 crore. The issue was subscribed 31.65× overall (QIBs 72.54×, NIIs 31.29×, retail 8.44×). It listed on 11 Sep 2023 at ₹460 and closed its first day at ₹443, a listing gain of +0.5% versus the ₹441 issue price. It now trades around ₹625 (+41.6% versus the issue price).
Frequently asked questions
- How many times was the Rishabh Instruments Limited IPO subscribed?
- The Rishabh Instruments Limited IPO was subscribed 31.65× overall — 72.54× in the QIB category, 31.29× among non-institutional investors, 8.44× in retail.
- What were the Rishabh Instruments Limited IPO listing gains?
- Rishabh Instruments Limited listed on 11 Sep 2023 at ₹460, closing its first day at ₹443 — a listing gain of +0.5% versus the ₹441 issue price.
- What were the retail allotment odds for the Rishabh Instruments Limited IPO?
- Retail was subscribed 8.44×, so a single-lot application had roughly a 11.8% chance of allotment (about 1 in 8), and allotment was finalised on 5 Sep 2023.
- What was the price band and lot size of the Rishabh Instruments Limited IPO?
- The price band was ₹418–₹441 per share, with a minimum lot of 34 shares (₹14,994 at the upper band).
- Who were the registrar and lead manager for the Rishabh Instruments Limited IPO?
- KFin Technologies Limited was the registrar, and DAM Capital Advisors was the book-running lead manager.