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Rishabh Instruments IPO | The test and measuring instruments and industrial control products maker intends to raise Rs 490.78 crore via maiden public issue of 1.1 crore equity shares, at the upper end of price band of Rs 418-441 per share
The company plans to explore inorganic growth in larger markets such as the US, Brazil, and Turkey. Eightyfive percent of the issue is an offer-for-sale (OFS), valued at Rs 415.78 crore, to give an exit to existing investors.