Rashi Peripherals IPO Details ( Rashi Peripherals Limited IPO Review )
(7 Feb 2024 – 9 Feb 2024)
Established in 1989, Rashi Peripherals Limited is a company dedicated to bringing top-notch global technology brands to India. Specializing in Information and Communication Technology (ICT) products, Rashi Peripherals offers a range of services, including pre-sales assistance, technical support, marketing services, credit solutions, and warranty management.
The company operates in two main business verticals:
- Personal Computing, Enterprise, and Cloud Solutions (PES): This covers personal computing devices, enterprise solutions, embedded designs/products, and cloud computing.
- Lifestyle and IT Essentials (LIT): This involves the distribution of components like graphics cards, CPUs, and motherboards, storage and memory devices, lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers, and gaming accessories. It also includes power devices like UPS and inverters, as well as networking and mobility devices.
Rashi Peripherals serves a diverse client base, including prominent names like ASUS Global, Dell International, HP India Sales, Lenovo India, Logitech Asia Pacific, NVIDIA, Intel Americas, Western Digital, Schneider Electric, Eaton Power Quality, ECS Industrial Computer, Belkin Asia Pacific, TPV Technology India, LG Electronics India, Toshiba Electronic Components Taiwan, and many more.
As of September 30, 2023, Rashi Peripherals holds the national distributorship for 52 global technology brands. With 50 branches and 63 warehouses spread across India, the company has an extensive network of 8,657 distributors in 680 locations across 28 States and Union Territories.
As of the same date, the company employs 1,433 individuals, with 549 in the sales and marketing team and 64 in the technical support team. Rashi Peripherals continues to thrive as a leading distributor, connecting India with cutting-edge technology solutions.
Rashi Peripherals Limited IPO Competitive Strength
- Leading and fastest growing Indian distribution partner for information and communications technology products.
- Pan-India and multi-channel distribution footprint backed by dedicated in-house infrastructure
- Long-term relationships with marquee global technology brands supported by committed engagement strategy with customers
- Diversified and comprehensive product portfolio and solutions
- Scalable business model supported by advanced technology stack
- Consistent track record of superior financial performance and return metrics
- Experienced Promoters and professional senior management team
Rashi Peripherals IPO Financials Performance ( Results )
Rashi Peripherals Limited Financial Information (Restated)
All Amount in ₹ Crore
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,594.39 | 5,930.24 | 136.35 | 31.20 | 394.19 | 395.99 | 488.99 |
| 31-Mar-22 | 2,669.76 | 9,321.92 | 182.51 | 43.57 | 575.07 | 557.84 | 881.74 |
| 31-Mar-23 | 2,798.60 | 9,468.95 | 123.34 | 29.50 | 700.12 | 760.36 | 1,065.76 |
| 30-Sep-23 | 4,058.64 | 5,473.27 | 72.02 | 18.24 | 772.74 | 686.24 | 1,395.20 |
Objective of Rashi Peripherals IPO Issue
- Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General corporate purposes
Rashi Peripherals IPO Basic Details
| IPO Date | Feb 7, 2024 to Feb 9, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Face Value | ₹5 per share |
| Price | ₹295 to ₹311 per share |
| Lot Size | 48 Shares |
| Issue Size | 19,292,604 shares of ₹5 (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 19,292,604 shares of ₹5 (aggregating up to ₹600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 46,607,061 |
| Share holding post issue | 65,899,665 |
| Company Promoters | Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF |
Rashi Peripherals IPO Reservation
| Anchor Investor Shares Offered | 30% of the Net Issue |
| QIB Shares Offered | 20% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Rashi Peripherals IPO Timetable
Rashi Peripherals IPO will open on February 7, 2024 and close on February 9, 2024. You can join Rashi Peripherals IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 7 February 2024 (Wednesday) |
| Closing Date | 9 February 2024 (Friday) |
| Basis of Allotment | 12 February 2024 (Monday) |
| Initiation of Refunds | 13 February 2024 (Tuesday) |
| Credit of Shares to Demat | 13 February 2024 (Tuesday) |
| Listing Date | 14 February 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 9 February 2024 |
Rashi Peripherals IPO Lot Size
For retail investors in Rashi Peripherals IPO, 48 shares will come in 1 lot or the minimum investment will be ₹14,928. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹194,064.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 48 | ₹14,928 |
| Retail (Max) | 13 | 624 | ₹194,064 |
| S-HNI (Min) | 14 | 672 | ₹208,992 |
| S-HNI (Max) | 66 | 3,168 | ₹985,248 |
| B-HNI (Min) | 67 | 3,216 | ₹1,000,176 |
Rashi Peripherals IPO Promoter Holding
The company’s promoters include xx.
| Pre Issue Share Holding | 89.65% |
| Post Issue Share Holding | 63.41% |
Rashi Peripherals Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 2049.48 |
| Earning Per Share (EPS) | ₹21.86 per Equity Share |
| Net Asset Value (NAV) | ₹167.56 per Equity Share |
| P/E Ratio (P/E) (x) | 11.75 |
| Post P/E Ratio (P/E) (x) | 14.23 |
| Return on Net Worth (RoNW) (%) | 17.60 |
| Return on equity (ROE) (%) | 19.33 |
| Return on Capital Employed (ROCE) (%) | 14.21 |
| Debt/Equity Ratio | 1.53 |
| Price/Book Value Ratio | 1.86 |
Rashi Peripherals Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Rashi Peripherals Limited | Consolidated | 311.00 | 5 | 29.50 | 14.23 | 17.60 | 167.56 |
| Peer Group | |||||||
| Redington India Limited | Consolidated | 176.75 | 2 | 17.81 | 9.92 | 20.10 | 88.63 |
Rashi Peripherals IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹77 | – | – |
| 7 February 2024 | ₹77 | – | – |
| 6 February 2024 | ₹77 | – | – |
Rashi Peripherals IPO Detail Video:
link
Rashi Peripherals IPO Subscription Status (Bidding Detail)
The Rashi Peripherals IPO on February 9, 2024 at 7:30:00 PM was subscribed 62.95 times, with the retail category being subscribed 11.01 times, the NII (Non-Institutional Investor) category being subscribed 66.15 times, QIB (Qualified-Institutional Buyers) category being subscribed 151.45 times.
| Category | Subscription |
| QIB | 151.45x |
| NII | 66.15x |
| Retail | 11.01x |
| Total | 62.95x |
Rashi Peripherals IPO Prospectus
| Rashi Peripherals IPO DRHP | Download |
| Rashi Peripherals IPO RHP | Download |
| Rashi Peripherals IPO Anchor Investors Details PDF | Download |
Rashi Peripherals IPO Rating
| Our Rating | 3.0/5.0 |
Rashi Peripherals Company Contact Information
Rashi Peripherals Limited
Corporate Identity Number: U30007MH1989PLC051039
Registered and Corporate Office: Ariisto House, 5th Floor, Corner of Telli Galli, Andheri (E), Mumbai 400 069, Maharashtra, India
Tel: +91 22 6177 1771/72
Contact Person: Hinal Tejas Shah, Company Secretary and Compliance Officer
Website: www.rptechindia.com
E-mail: investors@rptechindia.com
Promoters of Our Company: Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (Huf) and Suresh M Pansari Huf
Rashi Peripherals IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West, Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: rptechindia.ipo@linkintime.co.in
Investor Grievance E-mail: rptechindia.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Rashi Peripherals IPO Lead Manager
JM Financial Limited
Registered Office: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, Maharashtra, India
Tel: +91 22 6630 3030
E-mail: rplipo.2022@jmfl.com
Investor Grievance E-Mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI Registration No.: INM000010361
ICICI Securities Limited
Registered Office: ICICI Venture House Appasaheb Marathe Marg Prabhadevi, Mumbai – 400 025, Maharashtra, India
Tel: +91 22 6807 7100
E-mail: rptech.ipo@icicisecurities.com
Investor Grievance E-Mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact person: Ashik Joisar/Gaurav Mittal
SEBI Registration No.: INM000011179
Rashi Peripherals IPO FAQs
What is the lot size of Rashi Peripherals IPO?
The total size of Rashi Peripherals IPO is ₹600.00 crores and this is a complete fresh Issue.
When will Rashi Peripherals IPO start?
Rashi Peripherals IPO will open from 7 February 2024 and IPO will close on 9 February 2024.
What is the open date of Rashi Peripherals IPO?
Rashi Peripherals IPO will open date from 7 February 2024.
What is the last date ( close date ) of Rashi Peripherals IPO?
Rashi Peripherals IPO will close from 9 February 2024.
What is the price band of Rashi Peripherals IPO?
Rashi Peripherals IPO price band is ₹295 to ₹311. ( Upper Price Band: ₹311, Lower Price Band: ₹295 )
What is the minimum amount required to apply for Rashi Peripherals IPO?
The minimum investment for retailers to apply for Rashi Peripherals IPO is ₹14,928 and the maximum investment is ₹194,064.
What is going on gray market premium of Rashi Peripherals IPO?
View gray market premium of Rashi Peripherals IPO by Clicking Here
How much is the GMP of Rashi Peripherals IPO?
Watch Rashi Peripherals IPO GMP Today: Click Here
What is the allotment date of Rashi Peripherals IPO?
The allotment date of Rashi Peripherals IPO is 12 February 2024.
How to check allotment status in Rashi Peripherals IPO?
To check the allotment status of Rashi Peripherals IPO, first of all go to the registrar website by clicking here, select your bad Rashi Peripherals IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Rashi Peripherals IPO?
The listing date of Rashi Peripherals IPO is 14 February 2024.
How much will be the listing gain in Rashi Peripherals IPO?
View listing gain of Rashi Peripherals IPO by Clicking Here
How much time Rashi Peripherals IPO is subscribed?
Total 62.95 times subscribed in Rashi Peripherals IPO out of which 11.01 times subscription was done in retail quota, 66.15 times subscription in NII quota and 151.45 times subscription in QIB quota.
How to apply for Rashi Peripherals IPO from Upstox?
Click Here to see how to apply for Rashi Peripherals IPO from Upstox. (step by step)
How to apply for Rashi Peripherals PO from Zerodha?
Click Here to see how to apply for Rashi Peripherals IPO from Zerodha. (step by step)
How to apply for Rashi Peripherals IPO from Angle One?
Click Here to see how to apply for Rashi Peripherals IPO from Angle One. (step by step)
