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NEW DELHI: Rishabh Instruments Limited, a global energy efficiency solutions provider, is opening its initial public offering (IPO) for subscription for public on August 30. The IPO aims to raise Rs 490.78 crore by issuing a total of 11,128,858 equity shares.
The price band for the IPO is Rs 418 to Rs 441 per equity share. Retail investors can bid for a minimum of 34 equity shares and a maximum of 14,400 equity shares. Qualified institutional buyers (QIBs) can bid for a minimum of 100 equity shares and a maximum of 1,50,000 equity shares. Non-institutional investors can bid for a minimum of 100 equity shares and a maximum of 1,44,000 equity shares.
Listing date
The IPO will be open for subscription till Friday, September 1. The shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday, September 11.
The proceeds from the IPO will be used to finance the expansion of the company’s manufacturing facility in Nashik, Maharashtra. The proceeds will also be used for general corporate purposes.
The IPO has been subscribed by anchor investors for ₹200 crore. The anchor investors include Nippon Life India Asset Management Company, SBI Mutual Fund, and Axis Mutual Fund.
The IPO is being managed by DAM Capital Advisors, Mirae Asset Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisors Limited.
About the company
Rishabh Instruments is a leading provider of energy efficiency solutions in India. The company offers a wide range of products and services, including electrical automation, metering and measurement, precision engineered products, and aluminium high pressure die castings. The company’s products and services are used in a variety of industries, including the power, automotive, and industrial sectors.
Rishabh Instruments has a strong track record of growth. The company’s revenue has grown at a CAGR of 15% over the past five years. The company’s net profit has also grown at a CAGR of 20% over the past five years.
Analysts’ view on Rishabh Instruments IPO
Analysts have given a positive view on the Rishabh Instruments IPO. They have said that the company has a strong track record of growth and the IPO is well-priced. They have also said that the IPO is expected to benefit from the growing demand for energy efficiency solutions in India.
Some of the key reasons why analysts have given a positive view on the Rishabh Instruments IPO include:
The company has a strong track record of growth. The company’s revenue has grown at a CAGR of 15% over the past five years. The company’s net profit has also grown at a CAGR of 20% over the past five years.
The company is a market leader in the energy efficiency solutions space in India. The company has a wide range of products and services that are used in a variety of industries.
Here are some brokerage recommendations on Rishabh Instruments’ IPO:
DAM Capital Advisors: “We recommend subscribing to the issue”.
Mirae Asset Capital Markets: “We assign a ‘subscribe’ rating to the issue”.
Motilal Oswal Investment Advisors: “We recommend subscribing to the issue”.
Ultimately, the decision of whether or not to subscribe to the IPO is up to each individual investor. It is important to do your own research and to understand the risks involved before making any investment decisions.
(With inputs from agencies)
The price band for the IPO is Rs 418 to Rs 441 per equity share. Retail investors can bid for a minimum of 34 equity shares and a maximum of 14,400 equity shares. Qualified institutional buyers (QIBs) can bid for a minimum of 100 equity shares and a maximum of 1,50,000 equity shares. Non-institutional investors can bid for a minimum of 100 equity shares and a maximum of 1,44,000 equity shares.
Listing date
The IPO will be open for subscription till Friday, September 1. The shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday, September 11.
The proceeds from the IPO will be used to finance the expansion of the company’s manufacturing facility in Nashik, Maharashtra. The proceeds will also be used for general corporate purposes.
The IPO has been subscribed by anchor investors for ₹200 crore. The anchor investors include Nippon Life India Asset Management Company, SBI Mutual Fund, and Axis Mutual Fund.
The IPO is being managed by DAM Capital Advisors, Mirae Asset Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisors Limited.
About the company
Rishabh Instruments is a leading provider of energy efficiency solutions in India. The company offers a wide range of products and services, including electrical automation, metering and measurement, precision engineered products, and aluminium high pressure die castings. The company’s products and services are used in a variety of industries, including the power, automotive, and industrial sectors.
Rishabh Instruments has a strong track record of growth. The company’s revenue has grown at a CAGR of 15% over the past five years. The company’s net profit has also grown at a CAGR of 20% over the past five years.
Analysts’ view on Rishabh Instruments IPO
Analysts have given a positive view on the Rishabh Instruments IPO. They have said that the company has a strong track record of growth and the IPO is well-priced. They have also said that the IPO is expected to benefit from the growing demand for energy efficiency solutions in India.
Some of the key reasons why analysts have given a positive view on the Rishabh Instruments IPO include:
The company has a strong track record of growth. The company’s revenue has grown at a CAGR of 15% over the past five years. The company’s net profit has also grown at a CAGR of 20% over the past five years.
The company is a market leader in the energy efficiency solutions space in India. The company has a wide range of products and services that are used in a variety of industries.
Here are some brokerage recommendations on Rishabh Instruments’ IPO:
DAM Capital Advisors: “We recommend subscribing to the issue”.
Mirae Asset Capital Markets: “We assign a ‘subscribe’ rating to the issue”.
Motilal Oswal Investment Advisors: “We recommend subscribing to the issue”.
Ultimately, the decision of whether or not to subscribe to the IPO is up to each individual investor. It is important to do your own research and to understand the risks involved before making any investment decisions.
(With inputs from agencies)
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