Rishabh Instruments to list on September 11, expected to gain 12% over issue price
Rishabh Instruments, a global energy efficiency solution company, is set to list on the stock exchanges on September 11. Experts expect the stock to list with at least a 12 percent premium over the issue price of Rs 441, citing strong revenues from export business.
The company’s IPO was subscribed 31.65 times, with bids for 24.65 crore equity shares against the issue size of 77.9 lakh shares. The IPO included a fresh issue of Rs 75 crore of 17 lakh shares and an offer for sale of Rs 415 crore of 9.4 lakh shares.
The grey market premium for the stock is currently at 15%, indicating strong demand from investors.
Analysts advise investors to book profits on the listing day, as the stock is likely to be volatile in the initial days.
Here are some of the reasons why Rishabh Instruments is expected to list with a gain:
- Strong demand from investors in the IPO
- Strong export-oriented business with 66% of revenue coming from exports
- Strong brand in niche products
- Buoyant market sentiment
However, it is important to note that the stock market is volatile and there is no guarantee that the stock will list at a premium. Investors should do their own research before investing in any stock.
Here are some additional details about the company:
- Rishabh Instruments is a global energy efficiency solution company with a focus on electrical automation, metering, measurement, and precision-engineered products.
- It caters to power, automotive, and industrial sectors through its five manufacturing facilities.
- The company has a strong export-oriented business with 66% of revenue coming from exports.
- It has a strong brand in niche products such as electrical protection devices and control panels.
Overall, Rishabh Instruments is a well-positioned company with strong fundamentals. However, investors should be cautious about the volatile stock market conditions and book profits on the listing day.
Related News
- 22 Sep
Samhi Hotels Stock Lists with 6.75% Premium, Analysts Recommend Booking Profits
Samhi Hotels stock made a weak debut on the stock exchanges, listing at a premium of just 6.75% over the IPO price. Several analysts have recommended booking profits in the stock, citing its loss-making status and negative net worth.
- 22 Sep
Signature Global IPO Subscribed 11.88 Times on Final Day
The Signature Global IPO was subscribed 11.88 times on the final day of bidding. The company will use the proceeds to repay debt and for land acquisitions and general corporate purposes. The IPO is expected to list on October 4, but this may change due to the new timeline of T+3.
- 22 Sep
Sai Silks IPO Oversubscribed 4.4 Times on Final Day of Bidding
Sai Silks IPO was oversubscribed 4.4 times on the final day of bidding, with qualified institutional buyers and high networth individuals supporting the issue on closing day. The net fresh issue proceeds will be utilized by the company mainly for the setting up of 30 new stores, two warehouses, working capital requirements and repaying debts. The trading in its equity shares will commence with effect from October 4, as per the IPO schedule.
- 22 Sep
Pharma company Valiant Laboratories to go public on September 27
Pharma company Valiant Laboratories is going public on September 27 at a price band of Rs 133-140 per share. The company plans to raise Rs 152.46 crore via the IPO. Proceeds will be used to fund the expenditure for setting up a manufacturing facility for speciality chemicals and for working capital requirements and general corporate purposes. Valiant Laboratories is a Mumbai-based API and bulk drug manufacturing company with a focus on Paracetamol. It is owned by the promoters including Dhanvallabh Ventures LLP, which holds 62.5 percent shareholding. Valiant Organics, the listed entity on the BSE and NSE, is the promoter of Dhanvallabh Ventures LLP with 73.15 percent stake.
- 21 Sep
Unihealth Consultancy makes tepid debut on NSE Emerge
Unihealth Consultancy, a healthcare service provider, made a tepid debut on the NSE Emerge platform on September 21, listing at Rs 135, a 2.2 percent premium over its issue price of Rs 132. The stock was trading at Rs 137.30 at 11.40 am. The company has a number of positives going for it, such as its strong growth potential, its diversified business model, and its focus on the African market. However, investors who are considering investing in Unihealth Consultancy should carefully consider the company's fundamentals, the current market conditions, and their own risk appetite before making a decision.
Leave a Reply