Auto Sector

This offering is set to include a fresh issuance of shares amounting to Rs 225 crore by the company, in addition to an offer-for-sale (OFS) of 1.72 crore equity shares by both promoters and investor TPG.

Rishabh Instruments' IPO consists of a fresh issue that amounts to Rs 75 crore, along with an Offer for Sale (OFS) portion comprising 9.43 million equity shares at the upper band price.

Rishabh Instruments has fixed price band at Rs 418-441 per share for its initial public offering.

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The new "sub-brand" will include a fresh design language and message on the products themselves as well as moving forward across other touchpoints.

The company plans to increase its production capacity by 2 million extra automobiles over the course of the next eight years.

Last Monday, the company announced plans to increase its annual output of mined metal to 1.5 million tons from the current 1 million tons.

The company has achieved a solid year-to-date return of 41%

In accordance with this contract, TPREL will assist in the production of 10 million units of clean energy from renewable sources.

Roy will succeed Ajay Seth, the current CFO, who will retire from the position on December 31, 2023. He will stay on the executive board after the completion.