IPO Synopsis
| Rishabh Instruments Ltd |
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| Registered Office: A-54 MIDC Andheri (East),Opposite MIDC Bus Depot,Mumbai-400093, Maharashtra |
| Tel. No: 91-22-2825 4047 |
| Fax No: NA |
| Email: cs@rishabh.co.in |
| Website: www.rishabh.co.in |
| Initial public offering of 11,128,858^ equity shares of face value of Rs. 10 each ("Equity Shares") of Rishabh Instruments Limited ("The Company" or the "Issuer") for cash at a price of Rs. 441 per equity share (including a share premium of Rs. 431 per equity share) (the "Offer Price") aggregating to Rs. 490.78 crores, comprising a fresh issue of 1,700,680^ equity shares aggregating to Rs. 75.00 crores and an offer for sale of 9,428,178^ equity shares aggregating to Rs. 415.78 crores, comprising 1,500,000^ equity shares by asha Narendra Goliya* aggregating to Rs. 66.15 crores, 400,000^ equity shares by Rishabh Narendra Goliya* aggregating to Rs. 17.64 crores, 517,500^ equity shares by Narendra Rishabh Goliya (huf)# aggregating to Rs. 22.82 crores and 7,010,678^ equity shares by Sacef Holdings ii aggregating to Rs. 309.17 crores (together, the "Selling Shareholders") (the "Offer"). The offer will constitute 29.32% of the post-offer paid-up equity share capital. ^Subject to finalization of basis of allotment. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 30-Aug-2023 | 01-Sep-2023 | ₹441.00 - 0.00 | |
| Minimum Application for shares in Nos : 34.0 | Further Multiples of :34.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 70.81 | DAM Capital Advisors Ltd |
| Project Financed through Current Offer | 490.78 | Mirae Asset Capital Markets (India) Pvt Ltd |
| Post Issue Equity Share Capital | 37.96 | Motilal Oswal Investment Advisors Ltd |
| Issue Price | 441.00 |
| Projects |
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| Financing the project cost towards the expansion project |
| General corporate purposes |
| Promoted By |
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| Narendra Joharimal Goliya |
| Listing At |
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| BSE |
| NSE |
| Registrar To The Issue |
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