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
View
DRHP
View
Open Date

2023-08-30

Close Date

2023-09-01

Rishabh Instruments Ltd. IPO Details

Check out the issue details for Rishabh Instruments Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 441

Price Band

₹ 418 - 441

Issue Size

490.78 Cr.

Issue Type

Book Built

Open

2023-08-30

Close

2023-09-01

Listingprice

₹ 460.05

ListingGain

4.32%

Listing Date

2023-09-11

CMP

₹ 382.9

Current Return

-13.17%

Company Financials

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

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

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 137.58 126.91 151.91 195.98 224.57
Total Expenditure 116.23 104.14 131.93 164.19 178.43
Operating Profit 21.36 22.77 19.98 31.79 46.14
Other Income 5.33 4.48 4.41 5.07 6.04
Interest 2.16 1.28 1.89 3.01 1.25
Depreciation 7.38 6.92 8.14 9.6 9.99
Exceptional Items 0 0 0 0 0
Profit Before Tax 17.15 19.04 14.36 24.26 40.93
Provision for Tax 4.67 5.55 4.08 5.58 8.55
Net Profit 12.48 13.5 10.28 18.68 32.38
Adjusted EPS (Rs.) 0.43 0.46 0.35 0.64 0.85

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 27.55 25.44 25.44 40.07 38.21
Total Reserves 184.98 180.89 191.21 203.17 332.7
Borrowings 14.57 11 6.87 4.44 0
Other N/C liabilities 4.16 4.47 3.5 2.45 2.26
Current liabilities 36.1 36.32 58.29 69.52 52.76
Total Liabilities 267.35 258.12 285.31 319.64 425.92
Assets
Net Block 31.75 38.79 42.25 40.82 40.97
Capital WIP 1.4 0.23 0.01 0.34 0.9
Intangible WIP 0 0 0 0 0.68
Investments 79.86 79.56 80.97 88.35 107.57
Loans & Advances 2.61 1.37 0.81 1.48 1.54
Other N/C Assets 1.81 1.89 3.31 0.6 0.75
Current Assets 149.92 136.28 157.95 188.05 273.51
Total Assets 267.35 258.12 285.31 319.64 425.92
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 1.4 1.3 2.74 2.08 2.85
Profit Before Tax 13.47 4.05 11.29 5.59 8.69
Tax 3.31 -4.9 7.07 1.88 1.87
Profit After Tax 10.16 8.95 4.23 3.71 6.82
Adjusted EPS (Rs) 2.68 2.35 1.11 0.97 1.78

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 70.16 0
Jun 2024 70.16 0
Mar 2024 70.25 0
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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 17.15 19.05 14.36 24.26 40.93
Adjustment 5.4 3.8 6.88 10.83 10.86
Changes in Assets & Liabilities 3.14 -0.29 -15.72 -30.22 -11.48
Tax Paid -4.45 -2.61 -6.78 -7.43 -5.91
Operating Cash Flow 21.24 19.94 -1.27 -2.56 34.41
Investing Cash Flow -24.92 4.28 -3.3 13.3 -75.96
Financing Cash Flow 11.73 -31.4 5.39 -8.66 57.1
Net Cash Flow 8.05 -7.19 0.83 2.08 15.54
X