Rishabh Instruments IPO
Electrical Instruments / Meters - Listed on 11 September 2023
Rishabh Instruments IPO listing summary
Rishabh Instruments (Electrical Instruments / Meters) closed its IPO window in 2023 and listed on NSE and BSE on 11 September 2023 at an upper band issue price of Rs 441, opening at Rs 460.05 for a listing gain of +4.3% and closing day one at Rs 443.15 (+0.5% on closing basis). The IPO was subscribed 31.63x overall - QIB 72.54x, HNI/NII 31.28x, Retail 8.41x. The total issue size was Rs 490.78 Cr (Fresh Issue Rs 75 Cr, OFS Rs 415.78 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Rishabh Instruments IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 30 | +6.80% |
| Day 2 | Rs 30 | +6.80% |
| Day 3 | Rs 45 | +10.20% |
| Day 4 | Rs 60 | +13.61% |
| Day 5 | Rs 75 | +17.01% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Rishabh Instruments IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Rishabh Instruments IPO - FAQs
What was the listing gain of Rishabh Instruments IPO?
Rishabh Instruments IPO listed at +4.3% versus the upper issue price of Rs 441 on 11 September 2023.
How many times was Rishabh Instruments IPO subscribed?
Rishabh Instruments IPO was subscribed 31.63x overall. QIB portion was subscribed 72.54x, HNI / NII 31.28x and Retail 8.41x.
What was the IPO GMP for Rishabh Instruments?
IPO GMP started at Rs 30 on Day 1 and moved to Rs 75 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.