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Rashi Peripherals IPO

Rashi Peripherals IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024

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Rashi Peripherals IPO

The initial public offering (IPO) of Rashi Peripherals will open for subscription on February 07 and close on February 09, comprising fresh and offer-for-sale issues (OFS) of Rs. 600 Crore. An investor can apply for the issue for a minimum of 48 shares and the listing will happen on February 14, 2024. 

#1. Quick Intro to Rashi Peripherals   

Rashi Peripherals Limited (1989) is a leading value-added national distribution partner for global technology brands in India for information and communication technology products. 

The company offers end-to-end value-added services such as pre-sale activities, solution design, technical support, marketing services, credit solutions, and warranty management services.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Rashi Peripherals   

The company intends to use the IPO Funds for the following purposes: 

  1. Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by our company.
  2. Funding working capital requirements of our company.
  3. General corporate purposes.

#3. Rashi Peripherals Core Strengths 

  1. The leading and the fastest growing Indian distribution partner for information and communications technology products.
  2. The present pan-Indian and have a multi-channel distribution footprint backed by dedicated in-house infrastructure.
  3. The long term relationships with marquee global technology brands supported by our committed strategy on engagement with customers.
  4. The company have a diversified and comprehensive product portfolio and offers value added solutions.
#4. Rashi Peripherals IPO Review & Rating
Issue Size  Rs.600 Crore
Issue Price  Rs.295 to Rs.311 per share 
Minimum Lot Size 48 Shares
Total Profit (March 2023)  Rs.123.34 Cr
ROE 19.33
ROCE 14.21
Listing on NSE BSE
IPO Deliver Rating THREE

 

#5. Rashi Peripherals IPO Dates, Price Band & Details

Rashi Peripherals IPO will open on February 07, 2024, and close on February 09, 2024. The IPO is to be listed on February 14, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.600 Crore
Price Brand Rs.295 to Rs.311 per share
Face Value Rs. 05/- per share
IPO Open Date February 07, 2024
IPO Close Date February 09, 2024
IPO Allotment Date February 12, 2024
Refund Date February 13, 2024
Share Credit Date February 13, 2024
Listing Date February 14, 2024

 

#6. Rashi Peripherals IPO Offer Details

Rashi Peripherals IPO’s total issue size is 19,292,604 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 19,292,604 600
Offer for Sale (OFS) – –

 

#7. Rashi Peripherals Financials Overview (Crores)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 9,468.95 9,321.92 5,930.24
Net Worth 700.12 575.07 349.19
Profit 123.34 182.51 136.35
Total Borrowings 1,065.76 881.74 488.99

 

#8. Rashi Peripherals Quantitative Factors 

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) – 43.57 31.20
RoNW (%) – 31.66 33.07
NAV (Rs.) – 137.63 –

 

#9. Rashi Peripherals Comparison with Other Peer Companies

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue 

(Rs. in million)

 RoNW (%) NAV (Rs.)
Redington India Limited 6,23,315.70 22.12 74.03

 

#10. Rashi Peripherals Company Promoters 

The company has Seven promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Krishna Kumar Choudhary
02. Sureshkumar Pansari
03 Kapal Suresh Pansari
04 Keshav Krishna Kumar Choudhary
05 Chaman Pansari 
06 Krishna Kumar Choudhary (HUF)
07 Suresh M Pansari HUF

 

#11. Rashi Peripherals Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  89.65
Post-issue 63.41

 

#12. Rashi Peripherals IPO Reservation Details

Rashi Peripherals IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Retail Share Offered Not less than 35% of the issue size
QIB Shares Offered Not more than 50% of the issue size
NII (HNI) Shares Offered Not less than 15% of the issue size

 

#13. Rashi Peripherals  IPO – Lot Size

An investor can apply for a minimum of 48 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 48 14,880
Retail (Max.) 13 624 1,93,440
S-HNI (Min.) 14 672 2,08,320
S-HNI (Max.) 66 3,168 9,96,960
B67-HNI (Min.) 67 3,126 1,000,176

 

#14. Rashi Peripherals IPO – Prospectus Copy

An investor can download/view the Rashi Peripherals prospectus copy, which the company filed to exchange, details are as follows. 

Rashi Peripherals IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Rashi Peripherals IPO Registrar 

Link Intime India Private Limited

Phone No.: +91-22-49186200

E-Mail: rptechindia.ipo@linkintime.co.in

Website: www.linkintime.co.in

#16. Rashi Peripherals IPO Lead Manager

#1.  JM Financial Limited

#2. ICICI Securities Limited 

#17. Rashi Peripherals IPO Application (How to Apply for an IPO)

There are three primary options for applying for an Rashi Peripherals  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Rashi Peripherals    Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Rashi Peripherals    Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Rashi Peripherals Company Details

Rashi Peripherals Limited 

Registered Office: Ariisto House, 5th Floor, Corner of Telli Galli, Andheri (E), Mumbai 400069, Maharashtra

Phone No: +91-22 6177 1771/72

Email: investors@rptechindia.com 

Website: www.rptechindia.com 

Investor Grievances/Compliance Officer: Hinal Tejas Shah

#19. Rashi Peripherals Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. ZNet Technologies Private Limited

 

#20. Rashi Peripherals Company Board (Top 2)

Sr. No. Name of Directors
01. Krishna Kumar Choudhary
02. Sureshkumar Pansari

 

Rashi Peripherals  IPO – Frequently Asked Questions (FAQs)

#1. What is a Rashi Peripherals IPO?

Rashi Peripherals brings its IPO of Rs.600 Crore, on February 07, 2024, with a price band of Rs.295 to Rs.311 per share.

 

#2. What is the Rashi Peripherals IPO Open date?

Rashi Peripherals IPO’s opening date is February 07, 2024.

 

#3. What is the Rashi Peripherals IPO Close Date?

Rashi Peripherals IPO’s closing date is February 09, 2024.

 

#4. What is the Rashi Peripherals IPO Listing date?

Rashi Peripherals’s IPO listing date is February 14, 2024.

 

#5. What is the Rashi Peripherals IPO Minimum investment amount?

Rashi Peripherals IPO’s minimum investment amount is Rs. 14,928.

 

#6. What is the Rashi Peripherals IPO offer issue Size?

Rashi Peripherals offers an issue size of Rs.600 Crore.

 

#7. What is the Rashi Peripherals IPO Price Band?

Rashi Peripherals’s IPO price band is Rs.295 to Rs.311 per share.

 

#8. Is Rashi Peripherals IPO mainboard IPO or SME IPO?

Rashi Peripherals IPO is a mainboard IPO.

 

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