What you must know about Rashi Peripherals IPO?
by 5paisa Research Team
02 Feb 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 14-Feb-24
- IPO Price Range ₹295
- Listing Price ₹335
- Listing Change 7.7 %
- Last Traded Price ₹362.85
- Current Change 16.7 %
Rashi Peripherals IPO Details
- Open Date 07-Feb-24
- Close Date 09-Feb-24
- Lot Size 48
- IPO Size ₹ 600 Cr
- IPO Price Range ₹ 295 to ₹ 311
- Min Investment ₹ 14,160
- Listing Exchange BSE, NSE
- Basis of Allotment 12-Feb-24
- Refunds 13-Feb-24
- Credit to Demat Account 13-Feb-24
- Listing Date 14-Feb-24
Rashi Peripherals IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 7-Feb-24 | 0.01 | 1.99 | 1.46 | 1.16 |
| 8-Feb-24 | 0.75 | 6.21 | 3.67 | 3.38 |
| 9-Feb-24 | 151.45 | 66.15 | 11.01 | 62.95 |
Rashi Peripherals IPO Synopsis
Rashi Peripherals Limited IPO is set to open from 7th February to 9th February 2024. The company is a national distribution partner for global technology brands in India for information and communications technology (ICT). The IPO includes a fresh issue worth ₹600.00 cr. The share allotment date is 12th February 2024, and the IPO will be listed on 14th February 2024 on the stock exchanges. The price band and the lot size are yet to be announced.
JM Financial Limited and ICICI Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Rashi Peripherals IPO:
● To repay or prepay in full or part the borrowings obtained by the company
● To fund working capital requirements
● General corporate purposes
Rashi Peripherals IPO Video:
About Rashi Peripherals
Established in 1989, Rashi Peripherals is a national distribution partner for global technology brands in India for information and communications technology (ICT). The company is one of the fastest growing in its segment in terms of revenue.
Rashi Peripherals has two main business verticals:
Personal Computing, Enterprise and Cloud Solutions (PES): Under this, the company distributes personal computing devices, enterprise solutions, embedded designs/ products and cloud computing.
Lifestyle and IT essentials (LIT): Under this, the offered services are (i) components that include graphic cards, central processing units (“CPUs”) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories that include keyboard, mice, web cameras, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power equipment such as UPS and invertors; and (v) networking and mobility devices.
As of September 2023, the company had a pan-India distribution network which included 50 branches and 63 warehouses.
Peer Comparison
● Redington (India) Limited
For More Information:
Webstory on Rashi Peripherals IPO
Rashi Peripherals Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9454.27 | 9313.43 | 5925.04 |
| EBITDA | 267.61 | 305.21 | 215.22 |
| PAT | 123.34 | 182.51 | 136.35 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 2798.59 | 2670.15 | 1594.39 |
| Share Capital | 20.89 | 20.89 | 0.99 |
| Total Borrowings | 2100.33 | 2091.82 | 1197.38 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -114.55 | -315.20 | -109.75 |
| Net cash from / (used in) investing activities | -3.81 | -6.44 | -0.98 |
| Net cash flow from / (used in) financing activities | 107.83 | 337.50 | 134.43 |
| Net increase (decrease) in cash and cash equivalents | -10.53 | 15.86 | 23.69 |
Rashi Peripherals IPO Key Points
-
Strengths
1. The company is a leading and fastest-growing Indian distribution partner for information and communications technology products.
2. It has a Pan-India and multi-channel distribution.
3. The company enjoys long-term relationships with the marquee global technology brands.
4. Diversified and comprehensive product portfolio and solutions.
5. It has a scalable business model supported by an advanced technology stack.
6. A strong financial and operational track record.
7. Experienced Promoters and professional senior management team.
-
Risks
1. The company is dependent on global technology brands effectively maintaining, promoting or developing their brands.
2. It has low gross margins.
3. The business is subject to product liability claims.
4. The company has reported negative cash flows.
5. Its EBITDA Margin has been decreasing.
6. Operates in a highly competitive industry.
7. The company has significant credit exposure to its Channel Partners and other customers, and negative trends in their businesses can impact the company.
Rashi Peripherals
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
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Rashi Peripherals IPO FAQs
When does the Rashi Peripherals IPO opens and closes?
Rashi Peripherals IPO opens from 7th February to 9th February 2024.
What is the size of Rashi Peripherals IPO?
The size of Rashi Peripherals IPO is ₹600.00 cr.
How to apply for the Rashi Peripherals IPO?
To apply for Rashi Peripherals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rashi Peripherals IPO.
● 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.
What is the GMP of the Rashi Peripherals IPO?
The GMP value of every IPO changes daily. To view today's GMP of Rashi Peripherals IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Rashi Peripherals IPO?
The price band of Rashi Peripherals IPO is ₹ 295 to ₹ 311.
What is the minimum lot size and investment required for the Rashi Peripherals IPO?
The minimum lot size of Rashi Peripherals IPO is 48 shares and investment required is Rs.14,160.
What is the allotment date of the Rashi Peripherals IPO?
The share allotment date of Rashi Peripherals IPO is 12th February 2024.
What is the Rashi Peripherals IPO listing date?
The Rashi Peripherals IPO will be listed on 14th February 2024.
Who are the book runners for the Rashi Peripherals IPO?
JM Financial Limited and ICICI Securities Limited are the book-running lead managers for Rashi Peripherals IPO.
What is the objective of Rashi Peripherals IPO?
Rashi Peripherals Limited will use proceeds for:
● To repay or prepay in full or part the borrowings obtained by the company
● To fund working capital requirements
● General corporate purposes
Contact Details of Rashi Peripherals IPO
Contact Information
Rashi Peripherals Limited
Ariisto House, 5th Floor, Corner of Telli Gall
Andheri (E), Mumbai 400 069
Phone: +91 22 6177 1771/72
Email: investors@rptechindia.com
Website: https://www.rptechindia.com/
Rashi Peripherals IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rptechindia.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Rashi Peripherals IPO Lead Manager
JM Financial Limited
ICICI Securities Limited
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