Mainboard IPOListedCapital Goods

Rishabh Instruments Limited IPO

Exchange: NSE & BSE · Face Value: ₹10

Current GMP

+₹62+14.1%

Est. Listing

₹503

Price Band₹418 – ₹441
Lot Size34 shares
Issue Size₹490.78 Cr
Open / Close2023-08-30 to 2023-09-01

IPO Details & Issue Structure

Issue Typemainboard
Face Value₹10 per share
Price Band₹418 – ₹441
Market Lot34 shares
Total Issue Size₹490.78 Cr
Listing AtNSE, BSE

Rishabh Instruments Limited IPO Timetable

Issue Opens2023-08-30
Issue Closes2023-09-01
Basis of Allotment2023-09-06
Initiation of Refunds2023-09-07
Credit of Shares to Demat2023-09-08
Listing Date2023-09-11

Lot Size & Minimum Investment

ApplicationLotsSharesAmount
Retail (Min)134₹14,994
Retail (Max)13442₹1,94,922

Subscription Status

View Full
Overall Demand31.65x
QIB72.54x
NII (HNI)31.29x
Retail (RII)8.43x

Registrar & Allotment

Kfin Technologies Limited

https://kosmic.kfintech.com/ipostatus/Check Allotment Status

About Rishabh Instruments Limited IPO & Grey Market Premium

Everything you need to know before applying for Rishabh Instruments Limited IPO.

IPO Grey Market Premium (GMP) represents the unofficial premium at which Initial Public Offering (IPO) shares are traded among investors before they officially list on the stock exchanges (NSE/BSE). Traders closely track real-time GMP fluctuations to evaluate market sentiment.

What Does Positive GMP Indicate?

A strong positive grey market premium suggests solid buyer demand and market interest, hinting that the stock could open with healthy listing day gains above its issue price.

How Estimated Listing Price is Calculated

Estimated Listing Price = Upper Price Band + Current GMP (₹). For instance, if an issue is priced at ₹100 with ₹30 GMP, the estimated listing price is ₹130 (+30%).

Key Factors Affecting Live IPO GMP Today

  • Subscription Numbers: Heavy bidding observed by QIB (Qualified Institutional Buyers) and NII (Non-Institutional Investors) directly propels the grey market price upward.
  • Broader Market Sentiments: Nifty and Sensex trends have a direct bearing on pre-listing demand.
  • Allotment & Fundamentals: Fairly priced issues with steady buyer demand post-allotment maintain stable grey market demand compared to overvalued issues.

Rishabh Instruments Limited IPO has a price band of ₹418 to ₹441 per equity share. The current live Grey Market Premium (GMP) is ₹62, which suggests an estimated listing price of ₹503 (14.1% premium).

To evaluate institutional demand and retail bid counts across BSE and NSE, investors can inspect the live live ipo subscription feed before finalizing their bidding strategy.

Disclaimer: Grey Market Premium (GMP) is an unregulated, unofficial over-the-counter pricing indicator. GMP fluctuates dynamically and does not guarantee official stock exchange listing gains. Always refer to SEBI-approved Red Herring Prospectus (RHP) before applying.
Rishabh Instruments Limited IPO GMP Today, Subscription, Price Band & Review | GMP on IPO