Rishabh Instruments Limited IPO Message Board (Page 21)

88 GMP now

I have studied deeply and found out that this company is in a very Bright but Niche space
With Market Leadership in its segments
So very good future prospects ahead

But let's compare its PE with Peers with some overlapping of products
RISHABH INSTRUMENTS:- 33.68
1.SALZER ELECTRONICS : 18.22
2.ABB : 86.3
3.SCHNEIDER : 61.43
4.HPL Electric : 44.68
5.Endurance Tech : 41.96

So The issue is fully priced
Around 10% left on table
I am expecting small and Reasonable listing gains ( ARound 20 % )
But Good for long term

Very useful research for applicants @newgen consultancy  Thanks.

Good job @newgen consultancy .Keep it up and keep sharing such deep insights

​@newgen consultancy Thanks for sharing... any idea on current GMP?

​@Imhilli Stable at 52
Very low trades with low quantity
Grey mode to get activated tomorrow 🤪

Excellent work 👍

Rishabh looks better than peers in terms of Net profit margin. Peers have 2 to 5% margin whereas Rishabh has 8 to 10% margin.

​@Seth. If you had observed the Financials of Rishabh , you could have noticed that
In FY 23 , Revenue grew by a CAGR of around 20% but Profit grey only by 1 %
It was due inflation and high variable costs

This year a good margin expansion can be seen . I believe Rishabh can take 12-13% Net margins this fiscal

So we can see a Net profit of around 70 cr this year

If you study in depth about Capacity Utilization , averagely only 50% of Capacity is utilized
Also in China plant only 10% Capacity Utilization
So The company has not need of Capex
And Has good scope of Topline as well as Bottomline expansion

Only Nashik Plant is 75% Utilized where
They are doing a Calex from the IPO proceeds
Of around 60 cr

So My estimates of FY 24 earnings

Revenue : 730 cr
PAT : 68 cr

On Forward earnings
PE comes at 24.6
Which is very reasonable

Need answer.....

Got one third party allotment in Concord through RBL

Kfin - Rejected due to third party
Linkintime - So far worked

Got third party Concord bio

​@ganesh ipo how do you know Kfin rejected due to third party ? Did their email mention it.

I have not found any way to know the reason of rejection till now.

Mankind also rejected 3rd party via UPI axis Bank hence retail was unsubscribe still not alloted

When not more than 10% left on the table, still you are thinking chances of allotment LOW?

​@Palka 
Retailers are attracted towards unique business model

And it will get oversubscribed easily