Business Standard

Rishabh Instruments Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

490.78 cr

Price Range (₹)

441

Lot Size

34

Min Investment (₹)

14,994.00

Listing Exchange

MumbaiNSE

Open Date

30-Aug-2023

Close Date

01-Sept-2023

Listing Date

11-Sept-2023

Rishabh Instruments Ltd News

    The Shares of Rishabh Instruments Ltd have now been listed.

    Rishabh Instruments Ltd IPO Details

    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, comprising 1,500,000^ equity shares by asha Narendra Goliya* aggregating to Rs. 66.15 crores, 400,000^ equity shares by Rishabh Narendra Goliya* aggregating to Rs. 17.64 crores, 517,500^ equity shares by Narendra Rishabh Goliya (huf)# aggregating to Rs. 22.82 crores and 7,010,678^ equity shares by Sacef Holdings ii aggregating to Rs. 309.17 crores (together, the Selling Shareholders) (the Offer). The offer will constitute 29.32% of the post-offer paid-up equity share capital.^Subject to finalization of basis of allotment.

    Objective of issue

    Financing the project cost towards the expansion project. General corporate purposes.

    Rishabh Instruments Ltd Contact Details

    Rishabh Instruments Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@rishabh.co.in

    Website - www.rishabh.co.in