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Rashi Peripherals Ltd

Trading

Offer Period :

7th to 9th Feb 2024

Rashi Peripherals Ltd IPO Details

IPO Date 7th to 9th Feb 2024 Minimum Investment ₹14928 / 1 Lots
Listing Date 2024-02-14 Maximum Investment ₹194064 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹600 Crores
Price ₹311 to ₹311 per share Fresh Issue ₹600 Crores
Lot Size 1 Lots (48 Shares) Offer For Sale ₹ [-]
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 46607061 Shares
Issue Type Book Building Shareholding Post Issue 65899665 Shares
IPO Date 7th to 9th Feb 2024
Listing Date 2024-02-14
Face Value ₹5 per share
Price ₹311 to ₹311 per share
Lot Size 1 Lots (48 Shares)
Listing At BSE, NSE
Total Issue Size ₹600 Crores
Employee Discount ₹0 per share
Issue Type Book Building
Minimum Investment ₹14928 / 1 Lots
Maximum Investment ₹194064 / 13 Lots
Fresh Issue ₹600 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 46607061 Shares
Shareholding Post Issue 65899665 Shares

About Rashi Peripherals Ltd IPO

Founding Head: 1989

Managing Director: Kapal Suresh Pansari

Rashi Peripherals Limited Timeline

Important dates for allocation and IPO listing.

7th Feb

IPO Opens

9th Feb

IPO Close

12th Feb

Allotment Date

13th Feb

Initiation of Refund

13th Feb

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 57.55 0
Public Group 42.45 0

Rashi Peripherals Ltd IPO Reservation

QIB Shares Offered 3858521(20%)
NII (HNI) Shares Offered 2893891(15%)
Retail Shares Offered 6752411(35%)
Anchor Investor Shares Offered 5787782(30%)
Total Shares Offered 19292604
Total Shares With Anchor Investor 19292604

Rashi Peripherals Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 48 ₹14928
Retail (Max) 13 624 ₹194064
S HNI (Min) 14 672 ₹208992
S HNI (Max) 66 3168 ₹985248
B HNI (MIN) 67 3216 ₹1000176

Rashi Peripherals Ltd IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Rashi Peripherals Ltd IPO Registrar

MUFG Intime India Pvt Ltd
Phone Number + 91 22 4918 6200
Email Id rptechindia.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Rashi Peripherals Ltd IPO Lead Manager

1. JM Financial Ltd

2. ICICI Securities Ltd

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Rashi Peripherals Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹1531.24 ₹688.8 ₹569.4
Reserves and Surplus ₹1498.29 ₹667.91 ₹548.51
Total Borrowing ₹660.08 ₹1064.99 ₹880.67

Rashi Peripherals Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 4067796 584390736 143.66
Non Institutional Investors (NIIs) 3050848 191444160 62.75
NII(Bid amount of more than Ten Lakh Rupees) 2033898 143748672 70.68
NII(Bid amount of more than 2 Lakh < 10 Rupees) 1016950 47695488 46.9
Retail Individual Investors (RIIs) 7118645 74330400 10.44
Total 14237289 850165296 59.71

Strength of Rashi Peripherals Ltd

1. 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.

2. The Company is present pan-India and has multi-channel distribution footprint backed by dedicated in-house infrastructure.

3. The Company has long term relationships with marquee global technology brands supported by its committed strategy on engagement with customers.

4. The Company has a diversified and comprehensive product portfolio and offer additional solutions.

5. The Company has a scalable business model supported by advanced technology stack.

6. The Company has a consistent track record of superior financial performance and return metrics.

7. The Company has experienced promoters and a professional senior management team.

Risks Involved

1. 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.

2. 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.

3. 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.

4. The company is reliant on its relationships with certain online marketplaces and disruptions to such relationships or changes in their business practices, may adversely affect its business and the company financial condition, results of operations and cash flows.

5. The company could be subject to product liability claims, which may have a material adverse impact on it.

6. Certain of its contracts or distribution agreements may have restrictive covenants and can typically be terminated without cause, which could negatively impact its business, results of operation and financial condition.

7. Increasing competition in the information and communications technology products distribution industry may create certain pressures that may adversely affect its business, prospects, results of operations, cash flows and financial condition.

8. The reputation and consumer goodwill associated with the company brand name is critical to the success of its business. An inability to maintain or enhance the popularity of its brand among brands and customers may adversely impact its business prospects and financial performance.

9. The company has significant credit exposure to its Channel Partners and other customers, and negative trends in their businesses could cause it significant credit loss and negatively impact its cash flow and liquidity position.

10. The company gross margins are low, which magnifies the impact of variation in revenue, operating costs, bad debts and interest expense on its operating results.

Why should you invest in

-

Rashi Peripherals Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 3818.84 2798.6 2670.16
Total Liabilities 3818.84 2798.6 2670.16
Total Expenses 10927.82 9304.32 9082.07
Total Revenue 
11109.09 9468.95 9321.92
Profit After Tax 141.22 123.25 182.51
EBITDA 317.67 267.61 305.22
Adjusted EBITDA 0 0 0

Rashi Peripherals Limited IPO Contact Details

Rashi Peripherals Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-14 544119 RPTECH
INE0J1F01024
₹311 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹311 ₹311
Open ₹335 ₹339.5
Low ₹317.8 ₹318
High ₹342.5 ₹342.7
Low ₹317.8 ₹318

Frequently Asked Questions

What is Rashi Peripherals Ltd IPO?

Answer Field

Rashi Peripherals Ltd IPO is a Mainboard IPO of 1,92,92,604 equity shares of a face value of ₹5 aggregating up to ₹600 Crores. The issue is priced at ₹311 to ₹311 per share. The minimum order quantity is 48 Shares. The IPO opens on February 07, 2024, and closes on February 09, 2024. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Rashi Peripherals Ltd IPO will open?

Answer Field

The Rashi Peripherals Ltd IPO opens on February 07, 2024 and closes on February 09, 2024.

What is the lot size of Rashi Peripherals Ltd?

Answer Field

Rashi Peripherals Ltd lot size is 48 shares, and the minimum amount required is ₹14,928.

How to apply for Rashi Peripherals Ltd IPO?

Answer Field

You can apply in Rashi Peripherals Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Rashi Peripherals Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Rashi Peripherals Ltd IPO will be done on February 12, 2024, and the allotted shares will be credited to your demat account by February 13, 2024.

When is Rashi Peripherals Ltd IPO listing date?

Answer Field

The Rashi Peripherals Ltd listing date is February 14, 2024.

Who is the registrar of Rashi Peripherals Ltd IPO?

Answer Field

The registrar of Rashi Peripherals Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,ICICI Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Rashi Peripherals Ltd IPO?

Answer Field

The fresh issue size is ₹600 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Rashi Peripherals Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 48 shares and ₹14,928 amount.

How can I approve the UPI mandate request for Rashi Peripherals Ltd IPO?

Answer Field

To apply for Rashi Peripherals Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Rashi Peripherals Ltd?

Answer Field

The price of each Rashi Peripherals Ltd share will be ranging in between ₹311 to ₹311 per share.

What is the cut-off time for the UPI mandate for Rashi Peripherals Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 09, 2024.

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