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Rishabh Instruments shares listed with 4 percent premium, stock fell after initial trading
Shares of Rishabh Instruments were listed with a premium of 4 percent against the issue price of Rs 441. Listed on BSE at Rs 460 with a premium of 4.30 percent. The IPO of Rishabh Instruments Limited received a decent response from the market. It was subscribed 31.65 times. This IPO included a fresh issue of Rs 75 crore.
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“Rishabh Instruments shares listed with 4 percent premium, stock fell after initial trading”
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11 Sep 2023
Shares of Rishabh Instruments Limited, a company providing affordable energy solutions, were listed on Monday with a premium of 4 percent compared to the issue price of Rs 441. It was listed at Rs 460 on BSE with a premium of 4.30 percent, while on NSE the share was listed at Rs 460.05 with a premium of 4.31 percent. During this period the market valuation of the company was Rs 1721.55 crore.
Till the time of writing the news, the stock had declined and the stock was trading at Rs 454.15 with a gain of 2.99 percent on NSE and at Rs 454 with a gain of 2.95 percent on BSE.
Apart from this, Ratnaveer Engineering's IPO has also been listed today. It is listed with a premium of 31 percent over its issue price of Rs 98.
