Rishabh Instruments Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Rishabh Instrum.

CMP

431.60

+4.85 (1.14%)

  • DRHP
₹441

Offer Price

₹ 490.78 Cr

Issue Size

₹ 14,994

Min Investment

31.65x

Times Subscribed

34

Lot size

Time Line

  • 30
    Aug 2023
    Open
  • 01
    Sep 2023
    Close
  • 06
    Sep 2023
    Finalisation of Basis of Allotment
  • 07
    Sep 2023
    Initiation of Refunds
  • 08
    Sep 2023
    Transfer of Shares to Demat Account
  • 11
    Sep 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Enhance product innovation, engineering and design competence while focussing on higher value addition

  • Expanding geographical footprint

  • Continue to pursue its strategy for inorganic growth

  • Target new customers and expand existing customer accounts

  • Explore opportunities to tap emerging products and services segments

Products & Services

  • The Company is 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.

Strengths

  • Ability to drive technology and innovation through advanced research and development capabilities;

  • Global engineering solution provider operating in large addressable markets and well positioned to benefit from mega industrialisation trends;

  • Vertically integrated operations, backed by strong manufacturing capabilities;

  • Diversified product portfolio;

  • Wide customer base;

Risks

  • The company business is dependent and will continue to depends on its manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

  • The company propose to utilise a substantial portion of the Net Proceeds of the Offer towards its Expansion Project and the company efforts to expand its production capabilities are subject to delays, cost overruns, and other risks and uncertainties.

  • If the company fail to effectively implement its production schedules, the company business and results of operations may be materially and adversely affected.

  • Most of the company customers do not commit to long term contracts, and may cancel their orders, change production quantities, delay production or change their sourcing strategy.

  • If the products the company manufacture experience quality defects or if the manufacturing services its provide are found to be deficient, its may lose the company customers and may be subject to product liability claims or claims alleging deficiency in service, which may also cause damage to its reputation and/or adversely affect its results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
44.85%
Pre Holding

44.85%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 389.96 (-2.70%) 470.25 (20.60%) 569.54 (21.10%)
Gross Profit 389.96 (-2.70%) 470.25 (20.60%) 569.54 (21.10%)
Net Income 389.96 (-2.70%) 470.25 (20.60%) 569.54 (21.10%)
Assets 389.96 (-2.70%) 470.25 (20.60%) 569.54 (21.10%)
Liabilities 389.96 (-2.70%) 470.25 (20.60%) 569.54 (21.10%)

Book Running Managers

  • DAM Capital Advisors Ltd
  • Mirae Asset Capital Markets (India) Pvt Ltd
  • Motilal Oswal Investment Advisors Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

A-54 MIDC Andheri (East),
Opposite MIDC Bus Depot,
Mumbai - 400093
Phone : 91-22-2825 4047 Email : cs@rishabh.co.in www.rishabh.co.in

Offer Related Information

Initial public offering of 11,128,858^ equity shares of face value of Rs. 10 each ("Equity Shares") of Rishabh Instruments Limited ("The Company" or the "Issuer") for cash at a price of Rs. 441 per equity share (including a share premium of Rs. 431 per equity share) (the "Offer Price") aggregating to Rs. 490.78 crores, comprising a fresh issue of 1,700,680^ equity shares aggregating to Rs. 75.00 crores and an offer for sale of 9,428,178^ equity shares aggregating to Rs. 415.78 crores,... More

News

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