Rashi Peripherals Limited IPO

Mainboard

Computers Hardware & Equipments

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

₹ 14928 /48 Shares

Check Allotment

Price Summary

Last Closing

385.05 (23.81%)

52 Week High

474.90

52 Week Low

282.20

Last Update

19-Sep-2024 3:30 PM

Rashi Peripherals Limited IPO Details

07 Feb, 2024

Open Date

09 Feb, 2024

Close Date

12 Feb, 2024

Allotment Date

14 Feb, 2024

Listing Date

Issue Price

₹295-311 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

339.5(NSE)

Listing Date

2024-02-14

Market 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 Limited
ICICI 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 times

IPO Docs

DRHP RHP ANCHOR

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

Total No. of Applications: 935,721 (Approx)

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

RoNW

15.33%

Rashi 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

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%

Company 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

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 - 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.