IPO

Rashi Peripherals Limited IPO

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Computers Hardware & Equipments

Listed On: Feb 14, 2024 at ₹ 339.5(NSE)

₹ 14928 /48 Shares

Check Allotment

07 Feb, 2024

Open Date

09 Feb, 2024

Close Date

12 Feb, 2024

Allotment Date

14 Feb, 2024

Listing Date
Price Summary

Last Closing

315.55 (1.46%)

52 Week High

454.25

52 Week Low

245.15

Last Update

3-Oct-2025 3:30 PM
Rashi Peripherals Limited IPO Issue Details
  • Issue Price ₹295-311 per equity share
  • Face Value ₹5 Per Equity Share
    • Issue Size
    • Total Size 1,92,92,604 shares(aggregating up to ₹600 crore)
    • Fresh Share 1,92,92,604 shares(aggregating up to ₹600 crore)
    • Listing at BSE, NSE
    • List Price 339.5(NSE)
    • Listing Date 2024-02-14
    • Lead Manager Jm Financial Limited
      ICICI Securities Limited
    • Registrar Link Intime India Private Ltd
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.

ApplicationLotsSharesAmount
Retail (min)148₹14,928
Retail(max)13624₹1,94,064
Rashi Peripherals Limited IPO Reservation

Rashi Peripherals Limited IPO offers total 19,292,603 shares. Out of which 3,858,521 (20%) allocated to QIB, 2,893,891 (15%) allocated to NII,6,752,411 (35%) allocated to RII, NA (NA%) allocated to employees and 5,787,780 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered5,787,780 (30%)
QIB Shares Offered3,858,521 (20%)
NII (HNI) Shares Offered2,893,891 (15%)
bNII < ₹10L1,929,260 (10%)
sNII < ₹10L946,631 (4.91%)
Retail Shares Offered6,752,411 (35%)
Total Shares Offered19,292,603 (100%)
Rashi Peripherals Limited IPO Documents
DRHP
RHP
ANCHOR
Rashi Peripherals Limited IPO Details


Rashi Peripherals Limited IPO is a book-built issue of ₹600 crores, The total issue size is ₹600 crores. The IPO of Rashi Peripherals Limited is priced at ₹295-311 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Feb 7, 2024 and ends on Feb 9, 2024. The allotment for Rashi Peripherals Limited IPO will be finalized on Feb 12, 2024. Rashi Peripherals Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 14, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 48 shares, extendable to 14,928. The book-running lead manager for the IPO is/are Jm Financial Limited, ICICI Securities Limited.

The total issue ₹600 crore, comprising a fresh issue of 1,92,92,604 shares ₹600 crore
The Rashi Peripherals Limited IPO sets its price band at 295-311 for each share. A single application for Rashi Peripherals Limited IPO must contain at least 48 shares. Sentiment investors need to invest a minimum of 48 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,928

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Rashi Peripherals Limited IPO Subscription Analysis And Details
Retail
11.01x
QIB
151.45x
NII
66.15x
bNII
74.51x
sNII
50.38x
Total
62.95x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved3,858,5212,893,891
1,929,260    946,631		6,752,41113,504,828
Day 1 07-02-24 05:00 PM
0.01 x1.87
1.42 x   2.77 x		1.36 x1.09 x
Day 2 08-02-24 05:00 PM
0.70 x5.84
4.79 x   7.94 x		3.44 x3.17 x
Day 3 09-02-24 05:00 PM
151.45 x66.15
74.51 x   50.38 x		11.01 x62.95 x
Total No of Applications
935,721
Rashi Peripherals Limited Valuations
EPS Pre IPO ₹26.46/-
EPS Post IPO ₹21.86/-
P/E Pre IPO 11.75
P/E Post IPO 14.23
ROE 19.33%
ROCE 14.21%
Debt/Equity 1.53
RoNW 17.60%
Price to Book Value 1.86
Rashi Peripherals Limited Company Financials
All values are in ₹ Cr.
31-Mar-2331-Mar-2231-Mar-21
Assets2,798.602,669.761,594.39
Revenue9,468.959,321.925,930.24
Profit After Tax123.34182.51136.35
Net Worth700.12575.07394.19
Reserves & Surplus700.12575.07394.19
Total Borrowing1,065.76881.74488.99
About Rashi Peripherals Limited Company

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.

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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

Pre Issue Share Holding : 89.65%

Post Issue Share Holding : 63.41%

Rashi Peripherals Limited IPO - Issue Objectives
1

Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company

2

Funding working capital requirements of the Company

3

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 NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Rashi Peripherals Limited29.529.5167.56N/A17.6N/AConsolidated
Redington (India) Ltd.17.8217.8188.639.9220.11.99Consolidated

Notes:

  1. 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.
  2. 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.
  3. 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.
  4. Closing Price as on January 18, 2024 for the peer company.
Contact Details

Rashi Peripherals Limited

Ariisto House, 5th Floor, Corner of Telli Gall, Andheri (E), Mumbai 400 069

+91 22 6177 1771/72

investors@rptechindia.com

https://www.rptechindia.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

rptechindia.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html