Rishabh Instruments Ltd IPO: Check IPO Date, Price, Details | Espresso


Rishabh Instruments Limited IPO opens on August 30. Check IPO Details Issue Date Price

August 28, 2023
Rishabh Instruments Limited IPO opens on August 30. Check IPO Details Issue Date Price

Rishabh Instruments Limited is coming out with a fresh public issue to raise Rs. 491 crores from the market.

Below are the details of the Rishabh Instruments Limited IPO:

  • Issue opens – August 30 (Wednesday)
  • Issue closes – September 01 (Friday)
  • Issue size – Rs. 491 crores
  • Price band – Rs. 418 to 441 per equity share
  • Bid lot – 34 shares and in multiples thereof.

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And here are some details of the company and further details on the Rishabh Instruments Limited IPO.

  • They are a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors. They are a vertically integrated player involved in designing, developing, manufacturing and supplying (a) electrical automation devices; (b) metering, control and protection devices; (c) portable test and measuring instruments; and (d) solar string inverters. In addition, they manufacture and supply aluminium high pressure die casting through their Subsidiary, Lumel Alucast.
  • The Company is a global leader in manufacturing and supply of analog panel meters, and is among the leading global companies in terms of manufacturing and supply of low voltage current transformers (Source: F&S Report). Lumel is the most popular brand in Poland for meters, controllers, and recorders and Lumel Alucast is one of the leading non-ferrous pressure casting players in Europe (Source: F&S Report).
  • They are diversified in terms of end users of their products, serving industrial (FMCG, pharmaceutical, cement, steel, railways), power (generation, transmission and distribution, renewable energy, oil and gas), OEM industries (transformer, motor, cable and special machine manufacturers) and new applications (data centre, laboratories, semiconductors, consumer electronics, and building automation).

Company details:

Issue Size: Rs. 491 crores

Issue break-up:

  • QIB – 50% of the net offer –  Rs. 245 crores
  • NIB – 15% of the net offer – Rs. 74 crores
  • RET – 35% of the net offer – Rs. 172 crores

Listing: BSE and NSE

Registrar: KFin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Friday, September 01, 2023     

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