Rishabh Instruments IPO Allotment: Today, September 6, the Nashik-based company Rishabh Instruments, which specializes in the design, development, and manufacture of test and measuring instruments, will announce the allotment status of its initial public offering (IPO).
The Rishabh Instruments IPO, which commenced on August 30 and concluded on September 1, had a price band set at Rs 418 to Rs 441 per share. Investors and interested parties anxiously await the announcement to determine the status of their subscription requests.
Investors can view the allotment status of the Rishabh Instruments IPO on either the BSE or Kfin Technologies Limited websites. Applicants can verify their status using their PAN card number or application number.
On the final day of the Rishabh Instruments IPO, investors demonstrated remarkable demand. The subscription rate reached an impressive 31.65 times, with a total of 24.66 billion equity shares being offered in comparison to the 77.90 million shares that were available.
In a breakdown by investor type, the qualified institutional buyer (QIB) segment had the highest subscription rate, at 72.54 times. Non-institutional investors exhibited significant interest as well, subscribing at a rate of 31,29 times. Even retail investors participated actively in the offering, with a subscription rate of 8.44 times, indicating a robust level of individual investor interest.
