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 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 | The offer comprises a fresh issuance of shares worth Rs 75 crore and an offer-for-sale (OFS) of Rs 415.78 crore by promoters and investor.