Rishabh Instruments Ltd. IPO

Rishabh Instruments is a global energy efficiency solutions provider, specializing in electrical automation and precision engineered products. They offer a wide range of measurement and optimization equipment across industries like power, automotive, and more. Renowned for their innovation, they lead in analog panel meters and current transformers. With a strong network of distributors and stockists, they serve customers across 100+ countries.

RHP
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DRHP
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Open Date

2023-08-30

Close Date

2023-09-01

Company Financials

You can get the following financial statements of Rishabh Instruments Ltd. as of now.

Subscription Details

The details about the Rishabh Instruments IPO is as:

  • The issue size of the IPO is 490.78 Cr.
  • The price band for Rishabh Instruments IPO is Rs 418 to Rs 441.
  • The shares of Rishabh Instruments IPO will list on 11th September 2023.
  • The latest tentative GMP of Rishabh Instruments IPO is Rs 85.
  • The shares of Rishabh Instruments IPO is subscribed 26.59 Times as of 3:24 pm, 1st September 2023.

 

Rishabh Instruments IPO Valuation

The approx valuation of Rishabh Instruments IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 441
Existing Shares (Qty) 3.62 Cr
Fresh Issue 75 Cr
Market Cap 1671.42 Cr
EPS (FY23) Rs 12.84
PE Ratio 34.34x

 

Rishabh Instruments IPO Issue Size

Rishabh Instruments IPO issue size is 490.78 Cr. 

Issue Amount
Fresh Issue 75 Cr
Offer For Sale 415.78 Cr

 

Rishabh Instruments IPO Market Lot

An Individual can apply for a minimum 1 lot of 34 shares and a maximum of 13 lots of 442 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 34 Rs 14,994
 Maximum 13 442 Rs 1,94,922

 

Rishabh Instruments IPO share offer

The shares of Rishabh Instruments IPO is subscribed 26.59 Times as of 3:24 pm, 1st September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 57.27 Times
Non-Institutional Minimum 15% 30.04 Times
Retail Individual Minimum 35% 7.58 Times
Total   26.59 Times

 

Allotment Details

Find below the dates for Rishabh Instruments IPO:

Schedule Date
Basis of Allotment 6 September 2023
Refunds 7 September 2023
Credit to Demat Account 8 September 2023
IPO Listing Date 11 September 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 143.06 137.58 126.91 151.91 195.98
Total Expenditure 122.78 116.23 104.14 131.93 164.19
Operating Profit 20.28 21.36 22.77 19.98 31.79
Other Income 6.07 5.33 4.48 4.41 5.07
Interest 2.04 2.16 1.28 1.89 3.01
Depreciation 8.41 7.38 6.92 8.14 9.6
Exceptional Items 0 0 0 0 0
Profit Before Tax 15.89 17.15 19.04 14.36 24.26
Provision for Tax 3.78 4.67 5.55 4.08 5.58
Net Profit 12.11 12.48 13.5 10.28 18.68
Adjusted EPS (Rs.) 0.41 0.43 0.46 0.35 0.64

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 27.55 27.55 25.44 25.44 40.07
Total Reserves 172.49 184.98 180.89 191.21 203.17
Borrowings 0.07 14.57 11 6.87 4.44
Other N/C liabilities 4.46 4.16 4.47 3.5 2.45
Current liabilities 45.14 36.1 36.32 58.29 62.02
Total Liabilities 249.71 267.35 258.12 285.31 312.13
Assets
Net Block 34.46 31.75 38.79 42.25 40.82
Capital WIP 0.04 1.4 0.23 0.01 0.34
Intangible WIP 0 0 0 0 0
Investments 63.24 79.86 79.56 80.97 88.35
Loans & Advances 2.19 2.61 1.37 0.81 1.48
Other N/C Assets 1.5 1.81 1.89 3.31 0.6
Current Assets 148.27 149.92 136.28 157.95 180.54
Total Assets 249.71 267.35 258.12 285.31 312.13
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Other Income 0.59 1.4 1.3
Profit Before Tax 12.13 13.47 4.05
Tax 3.08 3.31 -4.9
Profit After Tax 9.05 10.16 8.95
Adjusted EPS (Rs) 3.09 2.68 2.35

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 70.68 0
Sep 2023 70.68 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 15.89 17.15 19.05 14.36 24.26
Adjustment 6.14 5.4 3.8 6.88 10.83
Changes in Assets & Liabilities -11.3 3.14 -0.29 -15.72 -30.22
Tax Paid -1.79 -4.45 -2.61 -6.78 -7.43
Operating Cash Flow 8.95 21.24 19.94 -1.27 -2.56
Investing Cash Flow -4.04 -24.92 4.28 -3.3 13.3
Financing Cash Flow -5.56 11.73 -31.4 5.39 -8.66
Net Cash Flow -0.65 8.05 -7.19 0.83 2.08
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