Rishabh Instruments is into Electronics-Electrical Instruments and is looking raise funds through Fresh Issue and Offer for Sale
Rishabh Instruments IPO is a public offering of shares by Narendra Joharimal Goliya. The IPO will open on August 30 and will close on September 01. The price band is ₹418 to ₹441 per share and the lot size is 34 shares. The issue size is ₹490.78 crore**. The shares are expected to be listed on NSE, BSE on September 11 (^). Some additional information that you may find useful are: Revenues for FY23 grew 21% YoY at Rs. 569.5 crores ( grew 21% YoY in FY22). EBITDA for FY23 grew 4% YoY at Rs. 86.3 crores ( grew 18% YoY in FY22). PAT for FY23 grew % YoY at Rs. 49.7 crores ( grew 38% YoY in FY22). RoE for FY23 at 12.4% (14.58%/12.01% in FY22/FY21). RoCE for FY23 at 13.8% (15.2%/12.16% in FY22/FY21). (**) - based on higher price band (^) indicative date
Quick Pointers
- Promoters of the company are Narendra Joharimal Goliya Currently promoters hold 80.67% stake in the company.
- Company aims to raise between Rs 469 to 491 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Financing the cost towards the Expansion of Nashik Manufacturing Facility I of about Rs. 62.89 crores and and 2) General corporate purpose
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 29-Aug-23.
- Price band for the IPO has been fixed at Rs 418 to 441 per share and bid lot are in multiple of 34 shares. The implied market cap post-issue at Rs 1,985 to 1,674 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on September 06 and share are expected to be listed on NSE, BSE on September 11.
- There are no comparable listed companies in India or globally that engage in a business similar to that of the company. Accordingly, it is not possible to provide an industry comparison in relation to the company.
- DAM Capital Advisors, Mirae Asset Capital Markets (India), Motilal Oswal Investment Advisors has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
Advertisement
IPO Quick Snapshot
About Company
Company established in 1982 is into global energy efficiency solution focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors. Company is vertically integrated player involved in designing, developing, manufacturing and supplying electrical automation devices; metering, control and protection devices; portable test and measuring instruments; and solar string inverters. In addition, company also manufacture and supply aluminium high pressure die casting through its subsidiary, Lumel Alucast. It also provide certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC).
About Industry
The global electrical automation market is valued at USD 147.5 billion in 2022 and is expected to reach USD 215.1 billion by 2027. The global metering, control and protection devices market is estimated at USD 34.08 billion in 2022 and is expected to reach USD 43.04 billion by 2027. The market for portable test and measurement equipment is expected to grow at 5.1% and reach USD 6.6 billion by 2027. For solar string inverters, global revenue is expected to increase from USD 4.3 billion in 2022 to USD 6.6 billion in 2027, at a CAGR of 9.1%. (Source: F&S Report)
Promoters of the company are Narendra Joharimal Goliya Currently promoters hold 80.67% stake in the company.
IPO Key Details:
IPO Dates
Advertisement
IPO Issue and Subscription Details
Financials
Valuation
IPO Lead Manager Details
IPO Registrar and Transfer Agent (RTA) Details
Check Allotment Status of Rishabh Instruments IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website, Industry | Logo/Images published in the article may be copyright of respective companies.
Advertisement
Posts
0 Comments