Rashi Peripherals Limited IPO
Rashi Peripherals Limited IPO is listed on BSE and NSE, priced at ₹295–₹311 per share. The stock debuted at ₹339.5, delivering a listing gain of 9.2%. The IPO had a lot size of ₹48 shares and a minimum investment of ₹14,928.
Rashi Peripherals Limited IPO
- IPO Dates
- Feb 7, 2024 – Feb 9, 2024
- Price band
- ₹295-311 per equity share
- Minimum Investment
- ₹14,928
- Issue size
- ₹600 Cr
- Lot size
- 48
- Allotment Date
- Feb 12, 2024
- Listing
- Feb 14, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Feb 7, 2024
Open Date
Completed
-
Feb 9, 2024
Close Date
Completed
-
Feb 12, 2024
Allotment Date
Completed
-
Feb 14, 2024
Listing Date
Completed
Price Summary
- Last closing
- 519.00 (66.88%)
- 52 week high
- 547.05
- 52 week low
- 275.60
- Last update
Rashi Peripherals Limited IPO Essentials
Rashi Peripherals Limited IPO Details
Rashi Peripherals Limited IPO is priced at ₹295-311 per share with a total issue size of 600 crore. The IPO has a lot size of 48 shares and is listed on BSE and NSE.
- Issue price
- ₹295-311 per equity share
- Lot size
- 48 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- 19,292,604 shares(aggregating up to ₹600.00 Cr)
- Total issue size
- 1,92,92,604 shares
(aggregating up to ₹600 crore) - Fresh issue
- 1,92,92,604 shares
(aggregating up to ₹600 crore) - Listing at
- BSE, NSE
- List price
- 339.5(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Jm Financial Limited, ICICI Securities Limited
Market Lot Size
Investors can bid for a minimum of 48 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 48 | ₹14,928 |
| Retail(max) | 13 | 624 | ₹1,94,064 |
Rashi Peripherals Limited IPO Reservation
Rashi Peripherals Limited IPO reservation details show category-wise allocation of shares. Out of the total 19,292,603 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 5,787,780 (30%) | |
| QIB Shares Offered | 3,858,521 (20%) | |
| NII (HNI) Shares Offered | 2,893,891 (15%) | |
| bHNI > ₹10L | 1,929,260 (10%) | 2,870 |
| sHNI < ₹10L | 946,631 (4.91%) | 1,408 |
| Retail Shares Offered | 6,752,411 (35%) | 140,675 |
| Total Shares Offered | 19,292,603 (100%) |
Rashi Peripherals Limited IPO Analytics
Rashi Peripherals Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Rashi Peripherals Limited IPO Subscription Status
Rashi Peripherals Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,858,521 |
2,893,891
1,929,260
946,631
|
6,752,411 | 13,504,828 |
|
Day 1
07-02-24 05:00 PM
|
0.01 x |
1.87x
1.42x
2.77x
|
1.36 x | 1.09 x |
|
Day 2
08-02-24 05:00 PM
|
0.70 x |
5.84x
4.79x
7.94x
|
3.44 x | 3.17 x |
|
Day 3
09-02-24 05:00 PM
|
151.45 x |
66.15x
74.51x
50.38x
|
11.01 x | 62.95 x |
Rashi Peripherals Limited Valuations
Earnings
- EPS Pre IPO
- ₹26.46/-
- EPS Post IPO
- ₹21.86/-
- P/E Pre IPO
- 11.75
- P/E Post IPO
- 14.23
Returns
- ROE
- 19.33%
- ROCE
- 14.21%
- RoNW
- 17.60%
Fundamentals
- Debt / Equity
- 1.53
- Price / Book
- 1.86
Rashi Peripherals Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,798.60 | 2,669.76 | 1,594.39 |
| Revenue | 9,468.95 | 9,321.92 | 5,930.24 |
| Profit After Tax | 123.34 | 182.51 | 136.35 |
| Net Worth | 700.12 | 575.07 | 394.19 |
| Reserves & Surplus | 760.36 | 557.84 | 395.99 |
| Total Borrowing | 1,065.76 | 881.74 | 488.99 |
Rashi Peripherals Limited Company & Offer Insights
About Rashi Peripherals Limited
Rashi Peripherals Limited is a company that distributes global technology brands in India. They specialize in products related to ICT or Information and Communication Technology.
The company's service offerings include value-added services such as pre-sales, technical support, marketing services, credit solutions and warranty management services.
The company's clients include ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA Corporation, Intel Americas, Inc., Western Digital (UK) Limited, Schneider Electric IT business India Private Limited, Eaton Power Quality Private Limited, ECS Industrial Computer Co. Ltd., Belkin Asia Pacific Limited, TPV Technology India Pvt Ltd., LG Electronics India Private Limited, and Toshiba Electronic Components Taiwan Corporation, among others.
As of September 30, 2022, Rashi Peripherals is the national distribution partner for 48 global technology brands.
Revenue from operations grew at a CAGR of 53.85% from ₹39,344.82M in Fiscal 2020 to ₹93,134.38M in Fiscal 2022. In H1 2022, revenue was ₹50,238.09M.
As of September 2022, the company has 50 branches, 50 service centers, and 62 warehouses across India, with 8657 Channel Partners spread across 730 locations.
As of September 30 2022, the company has 1,322 employees. Out of these, 501 are in the sales and marketing team while 58 are in technical support.
Rashi Peripherals Limited Promoter(s)
Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF are the company's promoters of Rashi Peripherals Limited.
Rashi Peripherals Limited IPO Issue Objectives
- •
- Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company
- •
- Funding working capital requirements of the Company
- •
- General corporate purposes
Rashi Peripherals Limited IPO - Anchor Investors
Rashi Peripherals IPO opens on Feb 7, institutional investors pick Rs 180 crore shares in anchor book.
Several institutional investors participated in the anchor book launched by the company for a day, including Ashoka India Equity Investment Trust, Whiteoak Capital, ICICI Prudential Mutual Fund, Volrado Venture Partners Fund, and Bandhan Mutual Fund.
Further, Bajaj Allianz Life Insurance, Aditya Birla Sun Life Insurance, SBI General Insurance Company, Singularity Growth Opportunities Fund, and Authum Investment and Infrastructure also invested in the company through an anchor book.
Rashi Peripherals Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Rashi Peripherals Limited | 29.5 | 29.5 | 167.56 | N/A | 17.6 | N/A | Consolidated |
| Redington (India) Ltd. | 17.82 | 17.81 | 88.63 | 9.92 | 20.1 | 1.99 | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE on January 18, 2024, divided by the Diluted EPS for the year ended March 31, 2023.
- Return on Net Worth (%) = Net Profit after tax attributable to shareholders of the parent for the year ended March 31, 2023 / Net worth attributable to shareholders of the parent at the end of the year.
- Net Asset Value per Equity Share = Net worth attributable to shareholders of the parent / Number of equity shares outstanding as at the end of year.
- Closing Price as on January 18, 2024 for the peer company.
Contact Information
Contact Details
Rashi Peripherals Limited
+91 22 6177 1771/72
Ariisto House, 5th Floor, Corner of Telli Gall, Andheri (E), Mumbai 400 069
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Rashi Peripherals Limited IPO is a book-built IPO worth ₹600 crore. The price band is ₹295–₹311 per share. The IPO opens on Feb 7, 2024 and closes on Feb 9, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Rashi Peripherals Limited IPO is ₹295 to ₹311 per share.
The lot size of Rashi Peripherals Limited IPO is 48 shares.
The minimum investment for Rashi Peripherals Limited IPO is approximately ₹14,928 based on the upper price band .
Rashi Peripherals Limited IPO opens on Feb 7, 2024 and closes on Feb 9, 2024.
The allotment date of Rashi Peripherals Limited IPO is Feb 12, 2024.
Rashi Peripherals Limited IPO is expected to be listed on Feb 14, 2024, on BSE and NSE .
Rashi Peripherals Limited IPO listed on Feb 14, 2024. It was issued at ₹339.5(NSE) and is currently around ₹519.00 as on 14-May-2026 3:30 PM, which is approximately 66.9% versus issue price. The 52-week high is ₹547.05.
Based on listing and post-listing performance, Rashi Peripherals Limited IPO delivered around 66.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Rashi Peripherals Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Rashi Peripherals Limited IPO valuation snapshot: P/E 14.23, EPS ₹21.86/-, P/B 1.86, RoNW 17.60%, and market cap N/A.
To apply for Rashi Peripherals Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Rashi Peripherals Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Rashi Peripherals Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Rashi Peripherals Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rashi Peripherals Limited IPO allotment status on IPO Ji for quick and easy access.