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On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
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 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.
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.
Incorporated in 1982, Rishabh Instruments is engaged in the business of manufacturing, design, and development of test and measuring instruments and industrial control products.