Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
₹1500 crore
Investor category and sub category
To be announced
About Rashi Peripherals Ltd. IPO
Rashi Peripheral provides information and communications technology (ICT) products to global technology companies in India. In terms of distribution and revenue, Rashi Peripheral is a leading value-added, national distribution partner for global IT brands, assisting them to establish operations in the Indian market. Between 2020 and 2022, the company's revenue grew by 53.85%.
The 33-year-old company has the legacy of being a critical distribution partner for ICT products. Initially, it manufactured only peripherals but transitioned into providing ICT solutions to Indian and global IT companies after liberalisation. It has been instrumental in facilitating the entry of several global IT brands in India.
Rashi Peripheral primarily operates in two business verticals -
- Personal Computing, Enterprise and Cloud Solutions (EPS)
- Lifestyle and IT essentials
Its list of services includes market intelligence, channel engagement strategies, competitive benchmarking, formulating entry strategies, and competitive analysis to increase market share in India.
Rashi Peripherals Ltd. IPO Details
Rashi Peripheral Ltd. seeks SEBI approval to float an IPO. The offer will contain fresh equity shares and offer for-sale equities from the promoters.
Issues are yet to announce details regarding the release date, lot size, price band etc.
Rashi Peripherals Ltd. IPO Objective
The company proposes to utilise the net proceeds from the offer to fund the following objects.
- Prepayment and repayment of all or certain market borrowings.
- Funding working capital requirements.
- General corporate purposes.
Should you invest in Rashi Peripherals Ltd.?
Here are the top reasons to consider before investing in Rashi Peripherals Ltd. IPO.
- Rashi Peripheral is the national distribution partner of 48 global technology brands (as of September 30, 2022).
- The company covers 730 locations in India through a robust network of 50 sales offices and 62 warehouses.
- It offers a diverse product portfolio with 10,195 types of ICT or SKUs.
- India has a large addressable market concerning peripherals, storage, tablet, PCs etc. The segment is expected to grow to a size of ₹6,379 billion by 2025.
Competitive Peers
The closest competitor according to the prospectus published by the company is Redington India Ltd.
Rashi Peripherals Ltd. Noteworthy highlights
- The brand commands a significant market share in India in product categories, including 46% in graphic cards and 20% of the motherboard demand.
- The top 8 global technology clients of the company contributed 87.28% of the revenue from operations in 2022.
IPO Financials
| Particulars | Year ending on March 31, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
|---|---|---|---|
| Revenue from Operations | 93,134.38 | 59,250.48 | 39,344.82 |
| Profit After Tax (PAT) | 1,825.11 | 1,363.50 | 382.31 |
| EBITDA | 3,052.17 | 2152.27 | 938.58 |
| EBITDA Margin | 3.28% | 3.63% | 2.39% |
| EPS Basic | 43.57 | 31.20 | 9.48 |
| ROE | 37.56% | 39.69% | 16.28% |
Know before investing
Strengths
3
The company is the largest and fastest-growing distribution partner for providing end-to-end, value-added ICT products to global IT brands in India.
It operates on a multi-channel marketing mix to avoid single-channel dependency.
It has several leading global technology companies on its client list.
Risks
3
Failure on the vendor’s part to supply products will adversely impact the company’s operational and financial performance.
The company’s performance depends on the performance of its marquee global technology brand partners.
The growth of online retailers increases competition in the domain.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
The total issue size of Rashi Peripherals Ltd. Ltd. IPO is Rs.1500 crore comprising fresh and offer-for-sale equities of Rs.750 crore each.
Will be updated soon.
Will be updated soon.
Will be updated soon.
Retail investors can apply for a minimum of one lot.
Will be updated soon.
You can check the IPO share allotment status froM Angel One’s mobile app. Log in to the app and validate with OTP.
To check the allotment status, enter your application number, DP ID, and PAN number into the app.
Listing gains cannot be measured before the listing of the IPO on the stock exchange.
Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
You are allowed to submit only one application using one PAN card.
Will be updated soon.
