Rishabh Instruments IPO allotment expected today; here’s how to check

6 Sep 2023 , 10:49 AM

Nashik-based company Rishabh Instruments, specializing in the design, development, and manufacturing of test and measuring instruments, is set to reveal the allotment status of its initial public offering (IPO) today, on September 6.

The Rishabh Instruments IPO, which commenced on August 30 and concluded on September 1, had a price band set at Rs 418 to Rs 441 per share. Investors and stakeholders eagerly await the announcement to determine the outcome of their subscription requests.

Investors can check the allotment status of Rishabh Instruments IPO on BSE website or on the website of IPO registrar Kfin Technologies Limited. Those who have applied can check through their PAN card number or application number.

As the Rishabh Instruments IPO concluded on its final day, it witnessed remarkable demand from investors. The subscription rate reached an impressive 31.65 times, with a total of 24.66 crore equity shares bid for, compared to the 77.90 lakh shares that were available for subscription.

Breaking it down by investor categories, the qualified institutional buyer (QIB) portion was especially strong, with a subscription rate of 72.54 times. Non-institutional investors also demonstrated substantial interest, subscribing at a rate of 31.29 times. Even retail investors actively participated in the offering, with a subscription rate of 8.44 times, indicating a healthy level of interest from individual investors.