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IPO of Rishabh Instruments will open tomorrow, know information related to price band and valuation
Rishabh Instruments IPO: Many companies in the stock market are opening IPOs for investors. If you also invest in the stock market, then let us tell you that the IPO of Rishabh Instruments is about to open tomorrow. This IPO will be open till 1 September. Let us know in detail about the price band and other information about this IPO.
Rishabh Instruments' Initial Public Offer (Rishabh Instruments IPO) is going to open for investors tomorrow. Through this IPO, the company will issue stock worth Rs 75 crore. Whereas, 94.28 lakh shares will be available for Offer for Sale (OFS). The company's IPO will close on 1 September 2023. Come, and let us know the main things related to the IPO of the company.
The company has fixed the price band of its IPO at Rs 418-441 per share. Apart from this, the lot size of the issue of the company is 34 shares. In this case, retail investors can bid for a maximum of 13 lots. At the same time, investors will need at least Rs 14,994 to place bids in this IPO.
The company has reserved 50 percent of its IPO for Qualified Institutional Buyers (QIBs). At the same time, 15 percent of shares have been reserved for NIIC and 35 percent for retail investors. The company's IPO has opened for anchor investors today.
