Rashi Peripherals Ltd IPO
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Rashi Peripherals Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 192.93 L | TBA | ₹ 67.52 L | ₹ 268.19 L | BSE | ₹ 600 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 07 Feb, 24 | 09 Feb, 24 | 48 | ₹ 14,160 | Book Building | 14 Feb, 24 |
Rashi Peripherals Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Trading |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 60.58x | 9646303 | 584390736 |
| NII | 66.15x | 2893891 | 191444160 |
| Retail | 11.01x | 6752411 | 74330400 |
| Employee | 0x | 0 | 0 |
| Total | 44.07x | 19292604 | 850165296 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rashi Peripherals Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 192.71 | 179.34 | 251.87 |
| EBITDA | 210.03 | 194.60 | 262.36 |
| PAT | 133.39 | 123.07 | 180.68 |
| Total Assets | 3,629.23 | 2,635.48 | 2,485.21 |
| Share Capital | 32.95 | 20.89 | 20.89 |
| Total Borrowings | 952.28 | 1,242.48 | 991.87 |
| Operating Activities (Net Cash) | 150.71 | 138.33 | 191.17 |
| Investing Activities (Net Cash) | 3.54 | 6.63 | 8.36 |
| Financing Activities (Net Cash) | 952.28 | 1,242.48 | 991.87 |
| Net Cashflow | 136.61 | 26.13 | 34.48 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Rashi Peripherals Ltd
Rashi Peripherals Limited was incorporated as Rashi Peripherals Private Limited at Mumbai, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 15, 1989 issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). The Company became a deemed public limited company under Section 43A of the Companies Act, 1956 and the word `private' was deleted with effect from July 1, 1997, and then the Company once again became a private limited company with effect from October 29, 2001. Subsequently, the Company changed its name and was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on July 29, 2022 and consequently, a fresh certificate of incorporation dated August 4, 2022 was issued by the RoC to the Company under its present name, Rashi Peripherals Limited.
Globally, the electronics and information and communications technology products market is expected to grow at a CAGR of 14% between 2020 and 2025 and is projected to cross USD 350 billion in sales by 2025. Information technology spending in India is projected to reach a value of approximately USD 136 billion by 2025 growing at a CAGR of 10%. Non-metro cities and other rural geographies are becoming centre of consumptions for information technology products like personal computers, smartphones, internet devices, networking devices and hence there is requirement for information and communications technology distributors and resellers having pan India presence.
Rashi Peripherals Limited is among the leading technology integrated national distribution partners for global technology brands in India for information and communications technology products in terms of revenues and distribution network in Fiscal 2023. The Company is also one of the fastest growing national distribution partners for global technology brands in India in terms of revenue growth between Fiscal 2021 and Fiscal 2023. The Company offers end-to-end services such as pre-sale activities, solutions design, technical support, marketing services, credit solutions and warranty management services.
Peer Comparison:
- Redington Ltd
Rashi Peripherals Ltd IPO Key Points
Strengths
- The Company is a leading and the fastest growing Indian distribution partner for information and communications technology products having all the leading brands/OEMs as compared to other leading ICT distributors in India.
- The Company is present pan-India and has multi-channel distribution footprint backed by dedicated in-house infrastructure.
- The Company has long term relationships with marquee global technology brands supported by its committed strategy on engagement with customers.
- The Company has a diversified and comprehensive product portfolio and offer additional solutions.
- The Company has a scalable business model supported by advanced technology stack.
Risk
- The company is dependent on various vendors, who are global technology brands, for the products its distribute. Any delay or failure on part of such global technology brands to supply products may materially and adversely affect its business, profitability and reputation.
- The company's business is dependent on global technology brands effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new information and communications technology products at regular intervals.
- If the company is unable to maintain its relationships with it Channel Partners or customers or if any of these parties change the terms of their arrangements with it, The company business could be materially and adversely affected.
Strategy
- Increase wallet share with global technology brands for its existing portfolio.
- Diversify its product and solutions offerings and focus on emerging digitization trends.
- Grow its portfolio of global technology brands.
- Deepen penetration across India and widen channel network.
- Further leverage technology and digital infrastructure to drive enhanced upselling, cross selling and improve efficiencies.
- The Company is a leading and the fastest growing Indian distribution partner for information and communications technology products having all the leading brands/OEMs as compared to other leading ICT distributors in India.
- The Company is present pan-India and has multi-channel distribution footprint backed by dedicated in-house infrastructure.
- The Company has long term relationships with marquee global technology brands supported by its committed strategy on engagement with customers.
- The Company has a diversified and comprehensive product portfolio and offer additional solutions.
- The Company has a scalable business model supported by advanced technology stack.
How To Apply for Rashi Peripherals Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.