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

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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.

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

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.

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

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

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