Initial public offering of 11,128,858^ equity shares of face value of
Rs. 10 each ("Equity Shares") of Rishabh Instruments Limited ("The Company" or the "Issuer") for cash at a price of Rs. 441 per equity share (including a share premium of Rs. 431 per equity share) (the "Offer Price") aggregating to Rs. 490.78 crores, comprising a fresh issue of 1,700,680^ equity shares aggregating to Rs. 75.00 crores and an offer for sale of 9,428,178^ equity shares aggregating to Rs. 415.78 crores, comprising 1,500,000^ equity shares by asha Narendra Goliya* aggregating to Rs. 66.15 crores, 400,000^ equity shares by Rishabh Narendra Goliya* aggregating to Rs. 17.64 crores, 517,500^ equity shares by Narendra Rishabh Goliya (huf)# aggregating to Rs. 22.82 crores and 7,010,678^ equity shares by Sacef Holdings ii aggregating to
Rs. 309.17 crores (together, the "Selling Shareholders") (the "Offer"). The offer will constitute 29.32% of the post-offer paid-up equity share capital.
^Subject to finalization of basis of allotment.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
30-Aug-2023
01-Sep-2023
₹ 441.00
₹ 0.00
Minimum Application for shares in Nos : 34.0
Further Multiples of : 34.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
70.81
DAM Capital Advisors Ltd
Project Financed through Current Offer
490.78
Post Issue Equity Share Capital
37.96
Issue Price
₹441.00
Projects
Financing the project cost towards the expansion project