Rashi Peripherals Limited IPO Detail
Incorporated in 1989, Rashi Peripherals Limited is a company that distributes global technology brands in India. They specialize in products related to ICT or Information and Communication Technology.
The company's service offerings include value-added services such as pre-sales, technical support, marketing services, credit solutions and warranty management services.
The company's 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., LG Electronics India Private Limited, and Toshiba Electronic Components Taiwan Corporation, among others.
As of September 30, 2022, Rashi Peripherals is the national distribution partner for 48 global technology brands.
Revenue from operations grew at a CAGR of 53.85% from ₹39,344.82M in Fiscal 2020 to ₹93,134.38M in Fiscal 2022. In H1 2022, revenue was ₹50,238.09M.
As of September 2022, the company has 50 branches, 50 service centers, and 62 warehouses across India, with 8657 Channel Partners spread across 730 locations.
As of September 30 2022, the company has 1,322 employees. Out of these, 501 are in the sales and marketing team while 58 are in technical support.
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.IPO Details
| IPO Opening Date | Feb 07, 2024 |
| IPO Closing Date | Feb 09, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹295 - 311 per equity share |
| Market Lot | 48 Shares |
| Min Order Quantity | 48 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹600.00 Cr |
| Fresh Issue | ₹600.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | - | - | 1.99x | 1.48x | 1.17x |
| Day 2 | 0.75x | - | - | 6.21x | 3.67x | 3.38x |
| Day 3 | 0.75x | - | - | 6.21x | 3.67x | 3.38x |
IPO Tentative Timetable
The Rashi Peripherals Limited IPO open date is Feb 07, 2024, and the close date is Feb 09, 2024. The issue may list on Feb 14, 2024.
| IPO Open Date | Feb 07, 2024 |
| IPO Close Date | Feb 09, 2024 |
| Basis of Allotment Date | Feb 12, 2024 |
| Initiation of Refunds | Feb 13, 2024 |
| Credit of Shares to Demat Account | Feb 13, 2024 |
| IPO Listing Date | Feb 14, 2024 |
IPO Lot Size
The Rashi Peripherals Limited IPO market lot size is 48 shares. A retail-individual investor can apply for up to 13 lots (624 shares or ₹194064).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 48 | ₹14928 |
| Maximum | 13 | 624 | ₹194064 |
IPO Promoter Holding
| Pre Issue Share Holding | 89.65% |
| Post Issue Share Holding | 63.41% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1594.39 | 5930.24 | 136.35 |
| 31-Mar-22 | 2669.76 | 9321.92 | 182.51 |
| 30-Sep-22 | 3416.13 | 5032.36 | 67.38 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
- 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 Limited IPO Registrar:
Link Intime India Private Ltd
Rashi Peripherals Limited IPO Lead Manager(s):
Jm Financial Limited ICICI Securities Limited
Company Contact Information:
Rashi Peripherals Limited
Ariisto House, 5th Floor, Corner of Telli Gall
Andheri (E)
Mumbai 400 069
