Get ready for some IPO action! Rishabh Instruments is making a splash with its IPO, and we've got all the details you need to stay in the loop. Let's break down everything about this IPO – from the price range to important dates and expert thoughts. If you're thinking about investing, this is your guide to making a smart decision.
The Basics
Rishabh Instruments is all set for its IPO adventure. They're bringing fresh equity shares worth Rs 75 crore to the table. And that's not all – there's an Offer for Sale (OFS) with around 9.43 million equity shares. The total value of the IPO is over Rs 490 crore, showing their big plans.
How Much?
Wondering about the price? Rishabh Instruments has set a price range of Rs 418 to Rs 441 per equity share. This range gives you some options to consider.
When and How to Jump In
If you're eager to join the IPO ride, get ready to subscribe between August 30 and September 01, 2023. The smallest bid you can make is for 34 Equity Shares, and if you want more, just bid in multiples of 34 Equity Shares.
Boost Before the Start
Before the IPO even kicked off, Rishabh Instruments collected about Rs 147 crore from anchor investors. This early interest speaks volumes about the company's potential.
What's the Buzz?
In the unofficial market, unlisted Rishabh Instruments shares are trading at Rs 83 more than the IPO price of Rs 441. That's almost 19% higher! This buzz, known as the Grey Market Premium (GMP), reflects the excitement surrounding the IPO.
Allotment and First Day
After the IPO subscription ends, they'll decide who gets how many shares on September 6. If you're eligible, you'll see the shares in your account on September 8. And mark your calendar – the company's shares will be on the BSE and NSE on September 11.
Guiding the IPO
DAM Capital Advisors Limited, Mirae Asset Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisors Limited are the ones managing the IPO. KFin Technologies Limited is the Registrar to the Offer, making sure things go smoothly.
Experts Weigh In
Choice, a brokerage firm, thinks Rishabh Instruments is great at using technology and is ready to benefit from big trends. But opinions differ – Religare Broking is neutral, while Marwadi Financial Services gives a thumbs up. Anand Rathi and SBI Securities suggest subscribing for long-term gains.
Meet Rishabh Instruments
They're experts in electrical automation devices, meters, control gadgets, and more. They even have a subsidiary, Lumel Alucast, that makes components for cars and automation in Europe.
Show Me the Money
Financially, Rishabh Instruments is on the upswing. From FY22 to FY23, their revenue jumped by 21.11%. Profits also grew steadily.
With all this info, you're ready to decide if the Rishabh Instruments IPO is your ticket to a smart investment. Remember, it's always a good idea to get advice from experts before making big money moves.