Rishabh Instruments Raises Rs 147 2 Crore Ahead Of Ipo

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Rishabh Instruments raises Rs 147.2 crore ahead of IPO

ri-calendar-2-lineAug 30, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

On August 29, Rishabh Instruments, a manufacturer of test and measurement equipment, raised Rs 147.2 crore through anchor book.

Aditya Birla Sun Life Insurance, HDFC Mutual Fund, Nippon Life, Sundaram Mutual Fund, Bandhan Mutual Fund, Quant Mutual Fund, Tata Multicap Fund, and 3P India Equity Fund I were among the 16 investors who placed investments in the company through the anchor book.

In its filing with exchanges, the Maharashtra-based company stated that it has finalised the distribution of 33,38,656 equity shares to anchor investors at a cost of Rs 441 per share.

 

"Six mutual funds have applied through a total of 13 schemes in the anchor book," the company said.

Rishabh Instruments will open its Rs 490.78-crore public issue for subscription on August 30, with a price band of Rs 418-441 per share.

The IPO comprises a fresh issuance of shares worth Rs 75 crore by the company, and an offer-for-sale of Rs 415.78 crore by promoters, and investor SACEF Holdings II. The book-built offer will close on September 1, 2023.

 

Source: Media Reports

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions