Rishabh Instruments Limited IPO Limited IPO GMP

The Rishabh Instruments IPO, valued at Rs 490.78 crores, is a book-built issue. It comprises a fresh issue of 0.17 crore shares worth Rs 75.00 crores and an offer for sale of 0.94 crore shares worth Rs 415.78 crores

The bidding for Rishabh Instruments IPO commenced on August 30, 2023, concluding on September 1, 2023. Allotment for the IPO was completed on Wednesday, September 6, 2023. Subsequently, the shares were listed on both BSE and NSE on September 11, 2023.

Rishabh Instruments' IPO price range is ₹418 to ₹441 per share, with a minimum lot size of 34 shares. Retail investors need ₹14,994 for the minimum investment. For sNII, the minimum investment is ₹209,916 (14 lots, 476 shares), and for bNII, it's ₹1,004,598 (67 lots, 2,278 shares).

Dam Capital Advisors Ltd (formerly known as Idfc Securities Ltd), Motilal Oswal Investment Advisors Limited, and Mirae Asset Capital Markets (India) Private Limited are the book running lead managers for the Rishabh Instruments IPO, with Kfin Technologies Limited serving as the registrar for the issue.