{"id":108613,"date":"2023-08-31T14:00:33","date_gmt":"2023-08-31T08:30:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108613"},"modified":"2023-08-31T14:00:35","modified_gmt":"2023-08-31T08:30:35","slug":"on-day-1-of-the-offering-rishabh-instruments-ipo-subscribed-73","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/on-day-1-of-the-offering-rishabh-instruments-ipo-subscribed-73\/","title":{"rendered":"On Day 1 of the offering,\u00a0 Rishabh Instruments IPO subscribed 73%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-242068856\"><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>On the first day of subscriptions on Wednesday, 73% of the shares of Rishabh Instruments&#8217; Initial Public Offering (IPO), a provider of worldwide energy efficiency solutions, were subscribed<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3388521135\"><!-- 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 IPO received bids for 56,75,008 shares against 77,90,202 shares on offer, as per the NSE data.<\/p><p>The category for Non-Institutional Investors (NIIs) was subscribed 1.24 times, while the portion for Retail Individual Investors (RIIs) was subscribed 92 per cent.<\/p><p>The quota for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent.<\/p><div class=\"trade-content_5\" id=\"trade-2462094994\"><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>The IPO consists of a new issue of up to Rs 75 crore worth of equity shares and an Offer For Sale (OFS) of up to 94.3 lakh worth of equity shares by members of the promoter group and an existing investor.<\/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><p>The company has fixed a price band for the IPO at Rs 418-441 per share.<\/p><p>Rishabh Instruments on Tuesday said that it has raised Rs 147.23 crore from anchor investors.<\/p><p>Proceeds from the issue worth Rs 59.50 crore will be used towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.<\/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 and automotive sectors.<\/p><div class=\"trade-content-10\" id=\"trade-3273934525\"><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>Rishabh Instruments&#8217; revenue from operations increased to Rs 569.54 crore in 2022-23 from Rs 470.25 crore a year earlier.<\/p><p>Its PAT was Rs 49.69 crore in 2022-23 as compared to Rs 49.65 crore in 2021-22.<\/p><p>DAM Capital Advisors, Mirae Asset Capital Markets (India), and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the issue.<\/p><p>The equity shares of the company will be listed on the BSE and the NSE.<\/p><div class=\"trade-after-content\" id=\"trade-1080973052\"><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>On the first day of subscriptions on Wednesday, 73% of the shares of Rishabh Instruments&#8217; Initial Public Offering (IPO), a provider of worldwide energy efficiency solutions, were subscribed The IPO received bids for 56,75,008 shares against 77,90,202 shares on offer, as per the NSE data. The category for Non-Institutional Investors (NIIs) was subscribed 1.24 times, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":41220,"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-108613","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>On Day 1 of the offering,\u00a0 Rishabh Instruments IPO subscribed 73% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On the first day of subscriptions on Wednesday, 73% of the shares of Rishabh Instruments&#039; Initial Public Offering (IPO), a provider of worldwide energy efficiency solutions, were subscribed\" \/>\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\/on-day-1-of-the-offering-rishabh-instruments-ipo-subscribed-73\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On Day 1 of the offering,\u00a0 Rishabh Instruments IPO subscribed 73%\" \/>\n<meta property=\"og:description\" content=\"On the first day of subscriptions on Wednesday, 73% of the shares of Rishabh Instruments&#039; Initial Public Offering (IPO), a provider of worldwide energy efficiency solutions, were subscribed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/on-day-1-of-the-offering-rishabh-instruments-ipo-subscribed-73\/\" \/>\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=\"2023-08-31T08:30:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T08:30:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/IPO-12-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\/on-day-1-of-the-offering-rishabh-instruments-ipo-subscribed-73\/\",\"url\":\"https:\/\/tradebrains.in\/features\/on-day-1-of-the-offering-rishabh-instruments-ipo-subscribed-73\/\",\"name\":\"On Day 1 of the offering,\u00a0 Rishabh Instruments IPO subscribed 73% - 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