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 is set to announce its share allotment status on Wednesday, September 6.The shares of Rishabh Instruments were subscribed 31.65 times.The
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.
Rishabh Instruments IPO subscribed 73% on day 1, with retail portion subscribed 92% and QIB portion subscribed 1%.