The Rashi Peripherals Ltd Date Will be open from February 7, 2024 and closes on February 9, 2024.
Rashi Peripherals IPO is a book built issue of Rs 600.00 crores. Its price band is ₹311 per share.
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Bidding Dates
February 7-9
Price Range
₹311 per share
Face Value
₹5 per share
GMP
₹61
Rashi Peripherals Ltd GMP
The Rashi Peripherals Ltd IPO GMP is ₹61.
IPO Overview
Rashi Peripherals IPO is a book-built transaction worth Rs 600.00 crore. This is a totally new issue. The Rashi Peripherals IPO will be offered for subscriptions on February 7, 2024 and close on February 9, 2024. The allotment for the Rashi Peripherals IPO is expected to be completed on Monday, February 12, 2024. Rashi Peripherals IPO will list on the BSE and NSE, with a tentative listing date of Wednesday, February 14, 2024. Rashi Peripherals’ IPO price bands have yet to be disclosed.
The company has two business verticals:
- Personal computing, enterprise and cloud solutions (PES): This includes personal computing devices, enterprise solutions, embedded designs/products and cloud computing.
- Lifestyle and IT essentials (LIT): This includes the distribution of products such as (i) components such as graphics cards, central processing units (CPUs) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power devices such as UPS and inverters; and (v) networking and mobility devices.
Rashi Peripherals IPO Details
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹311 per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 46,607,061 |
Rashi Peripherals IPO Financials
| Particulars | Year ending on March 31, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
| EBITDA Margin | 3.28% | 3.63% | 2.39% |
| ROE | 37.56% | 39.69% | 16.28% |
| EPS Basic | 43.57 | 31.20 | 9.48 |
| Profit After Tax (PAT) | 1,825.11 | 1,363.50 | 382.31 |
| EBITDA | 3,052.17 | 2152.27 | 938.58 |
| Revenue from Operations | 93,134.38 | 59,250.48 | 39,344.82 |
Rashi Peripherals IPO Timeline
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 9, 2024 |
Company Profile
Rashi Peripherals Limited, founded in 1989, is a corporation that distributes worldwide technology products throughout India. They specialise on products relating to ICT, or Information and Communication Technology. The company provides value-added services such as pre-sales, technical support, marketing services, credit solutions, and warranty management services. Clients include ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA
Corporation, Intel Americas, Inc., Western Digital (UK) Limited, Schneider Electric IT Business India Private Limited, Eaton Power Quality Private Limited, ECS Industrial Computer Co. Ltd., Belkin Asia Pacific Limited, TPV Technology India Pvt Ltd., and LG Electronics India. As of September 30, 2023, Rashi Peripherals is the national distributor for 52 worldwide technology brands, with 50 branches and 63 warehouses in India, as well as 8657 distributors in 680 locations across 28 Indian states and union territories. As of September 30, 2023, the company employed 1,433 employees, with 549 in sales and marketing and 64 in technical assistance.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
