Rishabh Instruments has debuted at Rs 460.00 on the BSE, up by 19 points or 4.31% from its issue price of Rs 441.00.
The scrip is currently trading at Rs 453.05, up by 12.05 points or 2.73% from its issue price. It has touched a high and low of Rs 469.65 and Rs 432.25 respectively. So far 3.88 lakh shares were traded on the counter.
The offering, which was open for subscription between August 30, 2023 and September 1, 2023 was subscribed 31.65 times. The issue price was fixed at Rs 441 per share i.e. at upper end of price band of Rs 418-441 apiece.
Rishabh Instruments focused on electrical automation, metering and measurement, precision engineered products with diverse applications across industries, including power, automotive and other industrial sectors. It is one of the leading companies in terms of manufacturing and supply of low voltage current transformers and analog panel meters.
