Rishabh Instruments IPO allotment status: The initial public offering (IPO) of Rishabh Instruments was subscribed 31.65 times on the last day of bidding on September 31 i.e. Friday. During the three days of bidding, the IPO received a strong response from investors, especially from Qualified Institutional Buyers(QIBs). The allotment of shares in Rishabh Instruments IPO is expected today i.e. Wednesday.

Rishabh Instruments IPO allotment status: Subscription

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As per the data available on the National Stock Exchange (NSE), the IPO of the global energy efficiency solution company received bids for 24,65,71,162 shares against 77,90,202 on offer. The category for Qualified Institutional Buyers (QIBs) received a whopping 72.54 times subscription. Also, the quota for non-institutional investors was subscribed 31.29 times and the retail individual investors (RIIs) 8.44 times.

The data also shows that the IPO comprises a fresh issue of equity shares aggregating up to Rs 750 million or Rs 75 crore and Offer for Sale (OFS) of up to 9,428,178 equity shares by its promoter group shareholders and an existing investor.

Rishabh Instruments IPO allotment status: Price Band

 

The price range of Rishabh Instruments has been fixed at Rs 418-441 a share. Earlier on Tuesday, the company said it raised Rs 147.23 crore from anchor investors.

According to the company, 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.

Rishabh Instruments IPO allotment status: Listing date

 

The equity shares of Rishabh Instruments will be listed on the BSE and the NSE. According to reports, the listing date is expected on September 11 2023.

How To Check Rishabh Instruments IPO Allotment Status 

 

KFin Technologies Limited is the registrar for Rishabh Instruments IPO. Those who have applied for the IPO can check the allotment status by either visiting the official website of KFin Technologies Limited or the BSE website.

Earlier, Zee Business Managing Editor Anil Singhvi had advised investors to subscribe to Rishabh Instruments IPO for short-term listing gains.  

https://ris.kfintech.com/ipostatus/

Step 2: Click on any of the links available on the page to view the IPO allotment status

Step 3: Select Rishabh Instruments IPO from dropdown 

Step 4: Provide any of the details - Application Number, PAN or Demat Account 

Step 5: Enter Captcha and click submit

The status of the Rishabh Instruments IPO allotment will be available on your screen.

How to check Rishabh Instruments IPO share allotment status on BSE

 

Step 1: Those who have applied for the IPO can visit the official website of the BSE to check the status of IPO application online. Alternatively, they can directly click on link https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select the option of 'Equity' under 'Issue Type'. 

Step 3: Select 'Issue Name' i.e. Rishabh Instruments IPO from the menu.

Step 4: Enter your application number or ID in the box. You can also provide your PAN details.

Step 5: Click on 'I'm not a robot' and then submit. 

DAM Capital Advisors, Mirae Asset Capital Markets (India), and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the issue. The Nashik-based firm is focused on electrical automation, metering and measurement, precision-engineered products with diverse applications across industries, including power and automotive sectors.