Rashi Peripherals Limited IPO
MainboardComputers Hardware & Equipments
Listed On: Feb 14, 2024 at ₹ 339.5(NSE)
₹ 14928 /48 Shares
Check AllotmentPrice Summary
Last Closing
297.40 (-4.37%)52 Week High
474.9052 Week Low
245.15Last Update
20-Jun-2025 3:30 PM07 Feb, 2024
Open Date09 Feb, 2024
Close Date12 Feb, 2024
Allotment Date14 Feb, 2024
Listing DateIssue Price
₹295-311 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
339.5(NSE)Listing Date
2024-02-14Market Lot
Retail : 48 Shares (₹14,928/-)S-HNI : 672 Shares (₹2,08,992/-)
B-HNI : 3,216 Shares (₹10,00,176/-)
Lead Manager
Jm Financial LimitedICICI Securities Limited
Issue Size
19,292,604 shares(aggregating up to ₹600.00 Cr)Retail Portion
35% (Number of Retail Applications: 1,40,675 Approx),(Number of S-HNI Applications : 1,435 Approx),
(Number of B-HNI Applications : 2,871 Approx)
Subscription
62.95 timesRashi 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 and
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
Rashi Peripherals Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 | 1.87 1.42 x 2.77 x | 1.36 x | 1.09 x |
| Day 2 - 08-02-24 05:00 PM | 0.70 x | 5.84 4.79 x 7.94 x | 3.44 x | 3.17 x |
| Day 3 - 09-02-24 05:00 PM | 151.45 x | 66.15 74.51 x 50.38 x | 11.01 x | 62.95 x |
Rashi Peripherals Limited Valuations
EPS Pre IPO
₹26.46/-EPS Post IPO
₹21.86/-P/E Pre IPO
11.75P/E Post IPO
14.23ROE
19.33%ROCE
14.21%Debt/Equity
1.53RoNW
17.60%Price to Book Value
1.86Rashi Peripherals Limited Company Financials All values are in ₹ Cr.
| 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 |
About The 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.
Rashi Peripherals Limited - Promoter(s)
Pre Issue Share Holding: 89.65%
Post Issue Share Holding: 63.41%
- Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF
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
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.
Other Details
Rashi Peripherals Limited
Ariisto House, 5th Floor, Corner of Telli Gall, Andheri (E), Mumbai 400 069Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rptechindia.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Rashi Peripherals Limited IPO - FAQs
Ans. Rashi Peripherals Limited IPO is a Mainboard IPO. The issue is priced at ₹295-311 per equity share. The minimum order quantity is 48 Shares. The IPO opens on Feb 7, 2024, and closes on Feb 9, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Rashi Peripherals Limited IPO opens on Feb 7, 2024 and closes on Feb 9, 2024.
Ans. The size of Rashi Peripherals Limited IPO is 19,292,604 shares(aggregating up to ₹600.00 Cr).
Ans. The IPO price band is set between ₹295-311 per equity share.
Ans. To apply for Rashi Peripherals Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rashi Peripherals Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Rashi Peripherals Limited IPO is Feb 12, 2024.
Ans. The Rashi Peripherals Limited IPO will be listed on Feb 14, 2024.
Ans. Follow the steps to check the allotment status for Rashi Peripherals Limited IPO here.
