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News Details

25/08/2023 11:50

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Rishabh Instruments announces launch of initial public offering

Rishabh Instruments Ltd. has announced public offering of 11128858 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 431.00 per share. The gross proceeds of the issue are expected to be Rs 49,078.26 lakhs.

The company's initial public offer (IPO) will open on 30 August 2023 and is expected to close on 01 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 418.00-441.00 per share.

The IPO includes a fresh Issue of 11128858 Equity Shares of the Company at an price of Rs 441.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 34 shares with bids in multiples of 34.

Rishabh Instruments Ltd. anticipates using the proceeds of the issue for .

Motilal Oswal Investment Advisors Pvt. Ltd.,DAM Capital Advisors Limited,Mirae Asset Capital Markets (India) Pvt. Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.