Rishabh Instruments share price opens at a mere 4% premium on NSE; details here
Rishabh Instruments IPO listed at a premium of 4.3% higher than the issue price on Monday.
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Rishabh Instruments IPO listed at a premium of 4.3% higher than the issue price on Monday.
Rishabh Instruments' stock began the trade at Rs 460, up 4.30 per cent from the issue price on the BSE. It further jumped 6.49 per cent to Rs 469.65.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP).
Rishabh Instruments Ltd has filed its Draft Red Herring Prospectus with the markets regulator, Securities and Exchange Board of India, to raise funds through an initial public offering.