{"id":108070,"date":"2023-08-25T14:30:04","date_gmt":"2023-08-25T09:00:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108070"},"modified":"2023-08-25T14:30:06","modified_gmt":"2023-08-25T09:00:06","slug":"the-rs-491-cr-ipo-of-rishabh-instruments-will-commence-on-august-30","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/the-rs-491-cr-ipo-of-rishabh-instruments-will-commence-on-august-30\/","title":{"rendered":"The Rs 491 Cr IPO of Rishabh Instruments will commence on August 30"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3414917389\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1050631825\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The maiden public issue will open for subscription on August 30 and close on September 1, the company announced.<\/p><p>The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP).<\/p><p>Asha Narendra Goliya, Narendra Rishabh Goliya (HUF), Rishabh Narendra Goliya, and SACEF Holdings II will offload shares of the company in the OFS.<\/p><div class=\"trade-content_5\" id=\"trade-4121789151\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.<\/p><p>The company through its IPO will fetch Rs 469.10 crore &#8211; Rs 490.78 crore at the lower and upper end of the price band, respectively.<\/p><p>Investors can bid for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter.<\/p><p>The Nashik-based firm is focused on electrical automation, metering and measurement, and precision-engineered products with diverse applications across industries, including power, automotive, and other industrial sectors.<\/p><p>It is one of the leading companies in terms of manufacturing and supply of low-voltage current transformers and analogue panel meters.<\/p><p>Rishabh Instruments&#8217; revenue from operations increased to Rs 569.54 crore in fiscal 2023 from Rs 470.25 crore in the year earlier. Profit after tax was at Rs 49.69 crore in fiscal 2023 as compared to Rs 49.65 crore in fiscal 2022.<\/p><div class=\"trade-content-10\" id=\"trade-490573295\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>DAM Capital Advisors, Mirae Asset Capital Markets (India), and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE.<\/p><div class=\"trade-after-content\" id=\"trade-2005542815\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO). The maiden public issue will open for subscription on August 30 and close on September 1, the company announced. The IPO comprises a fresh issue [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-108070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Rs 491 Cr IPO of Rishabh Instruments will commence on August 30 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/the-rs-491-cr-ipo-of-rishabh-instruments-will-commence-on-august-30\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Rs 491 Cr IPO of Rishabh Instruments will commence on August 30\" \/>\n<meta property=\"og:description\" content=\"Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/the-rs-491-cr-ipo-of-rishabh-instruments-will-commence-on-august-30\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-25T09:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-25T09:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/IPO-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/the-rs-491-cr-ipo-of-rishabh-instruments-will-commence-on-august-30\/\",\"url\":\"https:\/\/tradebrains.in\/features\/the-rs-491-cr-ipo-of-rishabh-instruments-will-commence-on-august-30\/\",\"name\":\"The Rs 491 Cr IPO of Rishabh Instruments will commence on August 30 - 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