Rashi Peripherals IPO GMP Today ( Grey Market Premium )

The Rashi Peripherals IPO commenced on February 7, 2024, and concluded on February 9, 2024. The allotment of shares took place on February 12, 2024, and the initiation of refunds began on February 13, 2024. The shares were credited to the demat accounts of investors on February 13, 2024. Finally, the listing of Rashi Peripherals on the stock exchange occurred on February 14, 2024.

The Rashi Peripherals IPO was priced at ₹295 to ₹311 per share, with a lot size of 48 shares. The total issue size was ₹600 crores, comprising a fresh issue of ₹600 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 30% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

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Rashi Peripherals IPO GMP Today:

Rashi Peripherals IPO Details:

Established in 1989, Rashi Peripherals Limited is a company dedicated to bringing cutting-edge global technology brands to India. Specializing in products related to Information and Communication Technology (ICT), the company goes beyond distribution, offering a range of valuable services. These services include pre-sales support, technical assistance, marketing support, credit solutions, and warranty management.

Rashi Peripherals operates in two main business verticals:

1. Personal Computing, Enterprise, and Cloud Solutions (PES): This category covers personal computing devices, enterprise solutions, embedded designs/products, and cloud computing.
2. Lifestyle and IT Essentials (LIT): Focusing on components like graphics cards, CPUs, and motherboards, this vertical also encompasses storage and memory devices. Additionally, it includes lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers, gaming accessories, power devices like UPS and inverters, and networking and mobility devices.

The company serves a diverse clientele, including prominent names like ASUS Global, Dell International Services, HP India Sales, Lenovo India, Logitech Asia Pacific, NVIDIA Corporation, Intel Americas, Western Digital, Schneider Electric IT Business, Eaton Power Quality, ECS Industrial Computer, Belkin Asia Pacific, TPV Technology India, LG Electronics India, Toshiba Electronic Components, and many more.

As of September 30, 2023, Rashi Peripherals proudly stands as the national distributor for 52 global technology brands. With 50 branches and 63 warehouses scattered across India, the company has an extensive reach. It collaborates with 8,657 distributors present in 680 locations across 28 States and Union Territories in India.

By the end of September 2023, Rashi Peripherals boasted a dedicated team of 1,433 employees. Among them, 549 employees contribute to the sales and marketing efforts, while an additional 64 employees provide crucial technical support.

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