Rishabh Instruments IPO: The public offering comprises fresh equity share issuance worth Rs 75 crore along with an Offer for Sale (OFS) involving up to 9.43 million equity shares. The total issue size stands at just over Rs 490 crore
Rishabh Instruments Ltd raises Rs 147 crore from anchor investors equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The promoter holding would drop to 70.6% post-IPO from 80.67%. Long-term investors may consider the IPO owing to earnings visibility in the energy efficiency product segment. The company s ability to develop products in lower lead time, the potential for margin expansion, and likely incremental revenue from electronic manufacturing services are draw cards for the IPO.