The date for Rishabh Instruments’ initial public offering (IPO) has been set; the offering will begin on August 30 and end on September 1, 2023. The IPO for Rishabh Instruments aims to generate about 491 crores with a new issuance of 75 crores and an offer to sell up to 11,128,858 shares at a price of 10 apiece. Retail is allotted 35%, QIB 50%, and HNI 15%. On September 6, 2023, the Rishabh Instruments IPO Allotment status will be released at https://kosmic.kfintech.com/ipostatus/. On September 11, 2023, the IPO of Rishabh Instruments Limited will be listed on the BSE and NSE markets.
Rishabh Instruments IPO Allotment Status
A leading provider of energy efficiency solutions with an emphasis on electrical automation, metering, and measurement, precision-designed products, and other areas, Rishabh Instruments IPO Allotment status has a wide range of applications in the power, automotive, and industrial sectors. The business sells a variety of electrical measuring and process optimization equipment and also designs, develops, manufactures, and sells a number of products under its own brand in a number of different industries.
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For clients that need tight tolerance fabrication, machining, and finishing of precision components, they can provide entire aluminum high-pressure die-casting solutions. They are one of the top firms in the world for the production and delivery of analog panel meters, and we are a top producer and supplier of low-voltage current transformers. Lumel Alucast, a non-ferrous pressure casting business in Europe, will be purchased by Rishabh Instruments IPO Allotment status.
Rishabh Instruments IPO Allotment Direct Link
The allotment aims to ensure a fair distribution of shares in proportion to the demand from each category of investors, and it plays a crucial role in determining who becomes a shareholder in the company. To check the Rishabh Instruments IPO allotment status or find the direct link, please visit the official website https://kosmic.kfintech.com/ipostatus/.
|Open Date||Aug 30, 2023|
|Close Date||Sep 01, 2023|
|Face Value||₹ 10 Per Equity Share|
|Issue Type||Book Building|
|Issue Size||490.78 Cr.|
|Issue Price||₹ 418 to ₹441 Per Equity Share|
|Listing At||NSE, BSE|
|Basis of Allotment||September 6, 2023|
|Listing Date||Sep 11, 2023|
The Rishabh Instruments IPO allotment refers to the process of assigning shares to investors who applied for the company’s Initial Public Offering (IPO). In this process, shares are distributed among various categories of investors, such as retail investors, qualified institutional buyers (QIBs), non-institutional investors (NIIs), and employees, based on the rules and guidelines set by the registrar and the Securities and Exchange Board of India (SEBI).
How to Check Rishabh Instruments IPO Allotment Status?
- Visit the official website https://kosmic.kfintech.com/ipostatus/ of the stock exchange (NSE or BSE).
- Find the IPO allotment section.
- Enter your application details (application number or PAN).
- Submit the information to view your allotment status.
Know before investing
- The corporation may establish industry trends through technology and innovation.
- Its vertically integrated business relies on robust manufacturing.
- The corporation serves a large consumer base to avoid revenue concentration.
- A manufacturing firm relies on seamless production facilities to generate money.
- The Nashik branch will be expanded with the majority of the IPO’s net profits.
- Projects that aren’t finished on schedule might have a negative effect on the statement.
Rishabh Instruments IPO Allotment Date & Time
The allotted date for the IPO of Rishabh Instruments is September 6, 2023. A vertically integrated business approach is used by this international provider of energy-saving solutions to include electrical automation, metering and monitoring, and precession engineering. The business creates, develops, and produces equipment for the industrial, automotive, and power industries. The new IPO and offer for sale for Rishabh Instruments is valued at $490.78 crore.
Rishabh Instruments Ltd. IPO Objectives
- To put money towards a larger production facility in Nashik.
- General corporate purposes.
Rishabh Instruments IPO Lead Managers aka Merchant Bankers
- Dam Capital Advisors Ltd (formerly Idfc Securities)
- Motilal Oswal Investment Advisors Pvt Ltd
- Mirae Asset Capital Markets (India) Private Limited
Rishabh Instruments IPO Allotment & Listing
The business is a leader in the production and distribution of low-voltage current transformers and analog panel meters worldwide. It collaborates with R&D facilities in China, Poland, and India to develop new products.
There are 5 production facilities; 2 are in Poland, 2 are in India, and 1 is in China. With a portfolio of 145 product lines, it serves a base of 100 clients. On September 11, the IPO listing will take place.
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