Rishabh Instruments IPO - Investment Rationale, Issue Details, Financials, Key Concerns: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Retail Research's IPO Report.Rishabh Instruments Ltd. launched its initial public offering today. and closes on September 01.The global energy-efficiency solutions provider has fixed a price band of Rs 418-441 Apiece..Objects of Issue:The offer comprises a fresh Issue aggregating up to Rs 750.00 million by Rishab Instruments and an offer for sale of up to 9,428,178 equity shares by the selling shareholders. The offer for sale:The object of the offer for sale is to allow the selling shareholders to sell up to 9,428,178 equity shares. Rishab Instruments will not receive any proceeds from the offer for sale. The selling shareholders will be entitled to their respective portion of proceeds of the offer for sale, net of their respective proportion of the offer related expenses and the relevant taxes thereon. Fresh Issue The company proposes to utilise the net proceeds towards funding the following objects (collectively, the 'objects'):Financing the cost towards expansion of Nashik Manufacturing Facility I and General corporate purposes.In addition, Rishab Instruments expect to achieve the benefit of listing of its equity shares on the stock exchanges..Business Strategy: Enhance product innovation, engineering and design competence while focussing on higher value addition.Expanding geographical footprint.Continue to pursue strategy for inorganic growth.Target new customers and expand existing customer accountsExplore opportunities to tap emerging products and services segments Promote product localisation..About the companyRishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors. It supplies a wide range of electrical measurement and process optimization equipment, and are engaged in designing, developing and manufacturing, and sale of devices significantly under its own brand across several sectors. It provides comprehensive solutions to its customers looking for costeffective ways to measure, control, record, analyse and optimise energy and processes through its array of products. It also provides complete aluminium high pressure die casting solutions for customers requiring close tolerance fabrication (such as automotive compressor manufacturers and automation high precision flow meters’ manufacturers), machining and finishing of precision components. Rishab Instruments is a global leader in manufacturing and supply of analog panel meters, and it is among the leading global companies in terms of manufacturing and supply of low voltage current transformers..Click on the attachment to read the full IPO report:.Rishabh Instruments IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Rishabh Instruments IPO - Investment Rationale, Issue Details, Financials, Key Concerns: HDFC Securities

The global energy-efficiency solutions provider has fixed a price band of Rs 418-441 Apiece.

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