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Rishabh Instruments IPO subscribed 73% on day 1, with retail portion subscribed 92% and QIB portion subscribed 1%.
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.
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.
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