Rashi Peripherals Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Rashi Peripherals Ltd IPO

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.

Rashi Peripherals Ltd IPO Details

Total Shares Offered

₹ 1,92,92,604

Offer to Public

TBA

Retail Max (Shares)

₹ 67,52,411

Pre Issue Promoters Holding

₹ 2,68,18,785

Exchange

BSE

Issue size

₹ 600 Cr

IPO Open Date

Feb 7, 2024

Close Date

Feb 9, 2024

Lot Size

Min Investment

₹ 14,160

Issue Type

Book Building

Listing Date

Feb 14, 2024

Rashi Peripherals Ltd IPO Dates

Feb 7, 2024

Opening date

Feb 9, 2024

Closing date

Feb 12, 2024

Basis of Allotment

Feb 13, 2024

Initiation of Refunds

Feb 13, 2024

Credit of Shares

Feb 14, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	9646303
NII	0x	2893891
Retail	0x	6752411
Employee	0x	0
Total	0x	19292604

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

9646303

2893891

6752411

19292604

Rashi Peripherals Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	13,772.73	11,094.70	9,454.28
EBITDA	292.17	210.03	194.60
PAT	202.63	133.39	123.07
Total Assets	4,072.10	3,629.23	2,635.48
Share Capital	32.95	32.95	20.89
Total Borrowings	1,186.32	952.28	1,242.48
Operating Activities (Net Cash)	218.27	150.71	138.33
Investing Activities (Net Cash)	3.54	3.54	6.63
Financing Activities (Net Cash)	1,186.32	952.28	1,242.48
Net Cashflow	17.51	136.61	26.13

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.

Peer Comparison:

Redington Ltd

Rashi Peripherals Ltd 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.

How To Apply for Rashi Peripherals Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Rashi Peripherals Ltd IPO?

Rashi Peripherals Ltd's IPO offers shares for up to 600 It begins on Feb 7, 2024 and ends on Feb 9, 2024.

What is the price of the Rashi Peripherals Ltd IPO?

The price of Rashi Peripherals Ltd IPO ranges between ₹295 to ₹311 per share.

What are the open and close dates for the Rashi Peripherals Ltd IPO?

The Rashi Peripherals Ltd IPO opens on Feb 7, 2024 and closes on Feb 9, 2024.

When will the Rashi Peripherals Ltd IPO be allotted?

The allotment for the Rashi Peripherals Ltd IPO will be finalised on Feb 12, 2024. The shares will be listed on BSE and NSE on Feb 14, 2024.

What is the minimum lot size required for Rashi Peripherals Ltd IPO?

The minimum lot size for Rashi Peripherals Ltd IPO is 48 shares, priced between ₹295 to ₹311 per share.

What is the GMP of Rashi Peripherals Ltd IPO?

The GMP (Grey Market Premium) of Rashi Peripherals Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rashi Peripherals Ltd IPO?

To check the allotment status of Rashi Peripherals Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rashi Peripherals Ltd IPO getting listed?

The Rashi Peripherals Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 7, 2024, and closes on Feb 9, 2024. The allotment is finalised on Feb 12, 2024.

How do you apply for the Rashi Peripherals Ltd IPO?

To apply for the Rashi Peripherals Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.