Rashi Peripherals IPO Review

 
Rashi Peripherals IPO Review

IPO Open Date: February 7, 2024

IPO Close Date: February 9, 2024

IPO Price: ₹295 to ₹311 per share

Lot Size: 48 Shares

Listing: February 14, 2024

Rashi Peripherals is scheduled to hit the market on February 07, 2024 and close on February 9, 2024. Rashi Peripherals plans to raise around ₹600.00 Cr through an IPO with a sale of up to 19,292,604 equity shares of ₹5 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in 1989, Rashi Peripherals Limited has positioned itself as a premier distributor of global technology brands in India, specializing in Information and Communication Technology (ICT) products. The company offers a spectrum of value-added services, including pre-sales support, technical assistance, marketing services, credit solutions, and warranty management. With a diverse portfolio, Rashi Peripherals operates through two distinct business verticals.

The Personal Computing, Enterprise, and Cloud Solutions (PES) division cater to a wide array of products, including personal computing devices, enterprise solutions, embedded designs/products, and cloud computing solutions. On the other hand, the Lifestyle and IT Essentials (LIT) vertical focus on the distribution of components like graphics cards, CPUs, and motherboards, as well as storage and memory devices. Lifestyle peripherals and accessories, power devices such as UPS and inverters, and networking and mobility devices are also part of their distribution portfolio. Serving a prestigious clientele that includes ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, NVIDIA Corporation, and many others, Rashi Peripherals has become a national distributor for 52 global technology brands. With an extensive network comprising 50 branches and 63 warehouses across India, the company boasts a vast distribution reach, engaging 8,657 distributors across 680 locations in 28 States and Union Territories. As of September 30, 2023, Rashi Peripherals employs 1,433 individuals, with dedicated teams for sales, marketing, and technical support.

Rashi Peripherals


Rashi Peripherals IPO Details

Rashi Peripherals IPO opens on Feb 07, 2024, and closes on Feb 9, 2024. The Listing date for Rashi Peripherals IPO is on Feb 14, 2024. The price band for IPO is ₹295 to ₹311 per share and lot size of 48 Shares.

IPO DateFeb 07, 2024 to Feb 09, 2024
Listing DateFeb 14, 2024
Price₹295 to ₹311 per share
Lot Size48 Shares
Issue Size₹600.00 Cr
Face Value₹5 per share

Rashi Peripherals IPO Tentative Timetable

Rashi Peripherals opening date is February 07, 2024 and close date is February 09, 2024. The IPO allotment date is February 12, 2024. The refund initiation of IPO is on February 13, 2024. The credit of shares in demat account is on February 13, 2024. The listing date is on February 14, 2024.

EventDate
IPO OpeningFeb 7, 2024
IPO ClosingFeb 9, 2024
IPO Allotment DateFeb 12, 2024
Refund InitiationFeb 13, 2024
Shares Credit to DematFeb 13, 2024
Lisiting DateFeb 14, 2024

Rashi Peripherals IPO Lot Size

Lot Size of this IPO is 48 shares. A retail-individual investor can apply for up to 13 lots (624 shares or ₹194,064).

CategoryLotsSharesAmount
Retail(Minimum)148₹14,928
Retail(Maximum)13624₹194,064
S-HNI (Minimum)14672₹208,992
B-HNI (Minimum)673,216₹1,000,176

Rashi Peripherals IPO Promoter Holding

Pre Issue Share Holding89.65%
Post Issue Share Holding

Rashi Peripherals IPO Review

Rashi Peripherals Limited, gearing up for its IPO, stands out in the market as the national distributor for 52 global technology brands, with a vast network encompassing 50 branches and 63 warehouses across India. The company has 8,657 distributors spread across 680 locations in 28 States and Union Territories as of September 30, 2023. Boasting a workforce of 1,433 employees, including a robust sales and marketing team, Rashi Peripherals has positioned itself as a key player in the technology distribution sector.

In terms of financial performance, the restated consolidated figures for the fiscal year ending March 31, 2023, indicate a 1.58% increase in revenue. However, the profit after tax (PAT) experienced a decrease of -32.42% compared to the previous fiscal year. The key performance indicators reveal a Return on Equity (ROE) of 19.33%, Return on Capital Employed (ROCE) of 14.21%, and a Debt/Equity ratio of 1.53. The pre-IPO and post-IPO earnings per share (EPS) stand at Rs 26.46 and Rs 21.86, respectively. Investors should note the pre-issue and post-issue price-to-earnings (P/E) ratios of 11.75 and 14.23, respectively, providing insights into the company's valuation.

The IPO, with a market capitalization of Rs 2,049.48 Cr, aims to utilize the net proceeds for prepayment of borrowings, funding working capital requirements, and general corporate purposes. As investors consider participation in the IPO, a comprehensive analysis of the competitive landscape, industry trends, and Rashi Peripherals' growth strategy will be pivotal for informed decision-making.

Rashi Peripherals IPO Subscription Status (Bidding Details)

Table not found

Rashi Peripherals IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Rashi Peripherals IPO FAQs

What is Rashi Peripherals IPO?

Rashi Peripherals is issuing 19,292,604 equity shares with a face value of ₹5 each, totaling up to ₹600.00 Cr. The shares are being offered at a price of ₹295 to ₹311 each, with a minimum order quantity of 48 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Rashi Peripherals IPO will open?

Rashi Peripherals will open on February 07, 2024 for QIB, NII, and Retail Investors.

When Rashi Peripherals IPO will end?

Rashi Peripherals will end on February 09, 2024.

What is Rashi Peripherals IPO Size?

Rashi Peripherals IPO size is ₹600.00 Cr.

What is Rashi Peripherals IPO Price Band?

Rashi Peripherals price band is ₹295 to ₹311 per share.

What is the Rashi Peripherals IPO Allotment Date?

Rashi Peripherals allotment date is February 12, 2024.

What is the Rashi Peripherals IPO Listing Date?

Rashi Peripherals listing date is February 14, 2024. The IPO is to be listed on BSE and NSE.

How to Rashi Peripherals IPO through Zerodha?

To apply for the IPO “Rashi Peripherals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Rashi Peripherals IPO through Upstox?

To apply for the IPO “Rashi Peripherals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Rashi Peripherals IPO Allotment Status?

For Rashi Peripherals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Rashi Peripherals IPO GMP?

You can check out here: Rashi Peripherals IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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