IPO Details
Bidding Dates
07 Feb '24 - 09 Feb '24
Minimum Investment
₹14,928 / 1 lots ( 48 Shares )
Price Range
₹295 - ₹311
Maximum Investment
₹194,064 / 13 Lots ( 624 Shares )
Retail Discount
To be announced
Issue Size
₹600 crore
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Feb 7, 2024
Closing Date
Feb 9, 2024
Basis of Allotment
Feb 12, 2024
Initiation of Refunds
Feb 13, 2024
Credit of Shares to Demat
Feb 13, 2024
Listing Date
Feb 14, 2024
Cut-off time for UPI mandate confirmation
Feb 9, 2024
Rashi Peripherals IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Feb 7, 2024 |
0.01x | 1.99x | 1.99x | 1.17x |
Day 2Feb 8, 2024 |
0.75x | 6.23x | 3.70x | 3.40x |
Day 3Feb 9, 2024 |
151.45x | 66.15x | 11.01x | 62.95x |
Rashi Peripherals IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 151.45 |
| Non-Institutional Buyers | 66.15 |
| Retail Investors | 11.01 |
| Total | 62.95 |
About Rashi Peripherals Ltd. IPO
Incorporated in 1989, Rashi Peripherals Ltd 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%.
Rashi Peripheral primarily operates in two business verticals - Personal Computing, Enterprise and Cloud Solutions (EPS) and Lifestyle and IT essentials. The company’s list of services includes market intelligence, channel engagement strategies, competitive benchmarking, formulating entry strategies, and competitive analysis to increase market share in India.
The ICT sector significantly contributes to the country’s GDP. The ICT sector includes value arising from Information Technology-enabled Business Process Outsourcing (ITeBPO), e-commerce, domestic electronics manufacturing, digital payments, digital communication services (including telecom), etc. The Electronics and ICT products market is likely to grow at a CAGR of 14% between 2020 and 2025 and is expected to cross ~USD 350 billion in sales by 2025.
Rashi Peripherals Ltd. IPO Details
Rashi Peripherals Ltd. IPO Date
Rashi Peripherals Ltd IPO is a 100% fresh issue of ₹600 crore. Rashi Peripherals Ltd’s IPO will be listed on the BSE and NSE. It is a book-built issue IPO.
Rashi Peripherals Ltd. IPO Price Band
The price range of the IPO has been fixed at ₹295 to ₹311 per share.
Rashi Peripherals Ltd. IPO Lot Size
The lot size of the IPO has been fixed at 48 shares.
Rashi Peripherals Ltd. IPO Objectivea
The objectives of Rashi Peripherals Ltd IPO are listed below
- Prepayment and repayment of all or certain market borrowings.
- Funding working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, Redington India Limited is the only listed peer of the company.
How To Check the Allotment Status of the Rashi Peripherals Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Rashi Peripherals Ltd.
Registered office: Ariisto House, 5th Floor, Corner of Telli Galli, Andheri (E), Mumbai 400 069, Maharashtra, India
Phone: +91 22 6177 1771/72
E-mail: investors@rptechindia.com
IPO Financials
| Particulars | Period Ended on September 30, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 54,732.69 | 94,689.47 | 93,219.21 | 59,317.35 |
| Profit After Tax (PAT) | 720.18 | 1,233.43 | 1,825.11 | 1,363.50 |
| Assets | 40,586.37 | 27,985.99 | 26,701.58 | 15,943.90 |
| Net Worth | 7,727.39 | 7,001.19 | 5,750.73 | 3,941.89 |
| Total Borrowings | 13,952.04 | 10,657.57 | 8,817.39 | 4,889.93 |
Know before investing
Strengths
2-
The company is one of the leading technology-integrated national distribution partners for global technology brands in India for ICT products in terms of revenues in FY 2023. It is one of the fastest-growing national distribution partners for global technology brands in India in terms of revenue growth between FY 2021 and FY 2023.
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Going forward, the company is seeking to diversify its product and solutions offerings and focus on emerging digitisation trends.
Risks
2-
The company’s gross margins are low, which heightens the impact of variation in revenue, operating costs, bad debts and interest expense on its operating results.
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The company is exposed to risks arising from the increasing competition in the information and communications technology products distribution industry, which may create certain pressures that may adversely affect its business, prospects, results of operations, cash flows and financial condition.
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Rashi Peripherals Ltd. IPO FAQs
Rashi Peripherals Ltd IPO is a 100% fresh issue of ₹600 crore.
The Basis of Allotment will be done on February 12, 2024.
The IPO subscription window will be open from February 07, 2024, to February 09, 2024.
The lot size of the IPO has been fixed at 48 shares.
Rashi Peripherals Ltd IPO will be listed on BSE and NSE.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
You are allowed to submit only one application using one PAN card.
Will be updated soon.
