Rishabh Instruments IPO allotment date is September 6. Refund process starts on September 7 and listing is on September 11. Check status on Kfin Technologies Ltd portal. GMP is +66.
The category reserved for retail investors was subscribed 5.46 times, and that of non-institutional investors was booked 14.93 times. The demand from qualified institutional buyers, which was muted for the first two days, also gained momentum with 4.21 times subscription.
Rishabh Instruments IPO to open for subscription, Raksha Bandhan, Super Rare Blue Moon in Top News on August 30: CMS Info Systems, Tanla Platforms ex-dividend stocks, share markets today, Bank Nifty outlook, Crude oil outlook, Asia Cup kicks off, petrol & diesel price also in focus.
Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, a diverse product portfolio and solid financials.