Rishabh Instruments IPO GMP History
Rishabh Instruments IPO has been listed on September 11, 2023 at a listing price of ₹460.05, against the issue price of ₹441 — a gain of ₹19.05 (+4.32%). The GMP peaked at ₹75 on 1 September 2023 and reached a low of ₹0.01 on 30 August 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Rishabh Instruments IPO raised ₹490.78 Cr. through its IPO at a price band of ₹418 to ₹441 per share, with a lot size of 34 shares. The IPO was open for subscription from 30 Aug 2023 to 01 Sep 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:04 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 09 Sep 2023 | ₹ 65 | — | 15% | — | — |
| 08 Sep 2023 | ₹ 65 | ▼ | 15% | — | — |
| 07 Sep 2023 | ₹ 70 | — | 16% | — | — |
| 06 Sep 2023 | ₹ 70 | ▲ | 16% | — | — |
| 05 Sep 2023 | ₹ 65 | — | 15% | — | — |
| 04 Sep 2023 | ₹ 65 | — | 15% | — | — |
| 02 Sep 2023 | ₹ 65 | ▼ | 15% | — | — |
| 01 Sep 2023 | ₹ 75 | ▲ | 17% | — | — |
| 31 Aug 2023 | ₹ 0.22 | ▲ | -- | — | — |
| 30 Aug 2023 | ₹ 0.01 | — | -- | — | — |
Rishabh Instruments IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 30 Aug 2023
- Close 01 Sep 2023
- Allotment 06 Sep 2023
- Refund/credit 07 Sep 2023
- Listing 11 Sep 2023
Rishabh Instruments IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹441 |
|---|---|
| GMP-based estimate (pre-listing) | ₹506 (+14.7%) |
| Listing gain / loss | +₹19.05 per share |
| Listing date | 11 Sep, 2023 |
| Actual listing price | ₹460.05 (+4.32%) |
Is Rishabh Instruments IPO GMP reliable?
Grey market premium for Rishabh Instruments IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Rishabh Instruments IPO full review for a fundamentals-based assessment before making any grey market trades.
Rishabh Instruments IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Rishabh Instruments IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Rishabh Instruments IPO
Rishabh Instruments Limited was incorporated as Rishabh Instruments Private Limited on 6 October 1982. It designs, develops and makes test and measuring instruments and industrial control products to measure, control, record and analyse energy and processes.
It also offers aluminium high-pressure die-casting, machining and finishing of precision parts for customers such as automotive compressor and flow meter makers. In 2011 it acquired Lumel Alucast, a non-ferrous pressure casting company in Europe, which also gave it a base in low-voltage current transformers.
It offers services such as mould design, EMI/EMC testing, electronics manufacturing services and software solutions. Its products are grouped into electrical automation, metering control and protection, portable test and measuring instruments, and aluminium casting.
The IPO was Rs 490.78 crore, with Rs 75.00 crore of fresh issue and Rs 415.78 crore of offer for sale by investor SACEF Holdings II and promoter group members. Rs 62.89 crore was planned for expanding its Nashik facility.
Frequently asked
What is the GMP of Rishabh Instruments IPO?
The current Grey Market Premium (GMP) of Rishabh Instruments IPO is ₹ 65.
What is the Kostak Price of Rishabh Instruments IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Rishabh Instruments IPO is not available.
What is the Subject to Sauda Price of Rishabh Instruments IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Rishabh Instruments IPO?
Rishabh Instruments IPO listed on September 11, 2023 at ₹460.05, against the issue price of ₹441 — a gain of +4.32%.
How did the GMP of Rishabh Instruments IPO trend before listing?
The GMP of Rishabh Instruments IPO was stable in its final days before listing. The GMP peaked at ₹75 on 1 September 2023. View the day-wise table above for the complete GMP history.
Explore Rishabh Instruments IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
