Rashi Peripherals IPO GMP, IPO Price Band, IPO Lot Size

Rashi Peripherals IPO is opening for subscription on February 7, 2024, and closing on February 9, 2024. This Main-board IPO aims to raise ₹600 crore, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹5. The price band for the Rashi Peripherals IPO is fixed at ₹295 – ₹311 Per Share, with a market lot of 48 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Rashi Peripherals IPO Allotment will done on February 12, 2024, and Rashi Peripherals IPO listing date is February 14, 2024.

 

Rashi Peripherals Company Profile

Rashi Peripherals is a leading national distribution partner for global technology brands in India, specializing in information and communications technology (ICT) products. They have witnessed significant revenue growth and established themselves as one of the fastest-growing distributors in India between Fiscal 2020 and Fiscal 2022. With over 33 years of experience, they offer end-to-end value-added services, including pre-sale activities, technical support, marketing services, and credit solutions.

The company primarily operates in two verticals; 1. PES (Personal Computing, Enterprise, and Cloud Solutions) i.e., Laptops, Desktops, Routers, Switches, etc. and 2. LIT (Lifestyle and IT essentials) i.e., CPUs, Motherboard, Graphic Cards, Pen Drives, Hard Drives, Monitors, etc. As of Sep 30, 2022, it has one of the largest ICT product distribution networks in India.

As of Sep 30, 2022, it has 50 branches and 62 warehouses. Also, it is a national distribution partner for 48 technology brands including all the leading companies i.e., ASUS, Dell International, HP India, Lenovo India, Logitech Asia Pacific, NVIDIA Corporation, Intel Americas, Western Digital, Schneider Electric, Eaton Power, LG Electronics, Toshiba Electronic, etc.

 

Rashi Peripherals IPO GMP

 

Rashi Peripherals IPO Objectives

The funds raised through the IPO will be utilized for:

1. Prepayment or scheduled repayment of outstanding borrowings
2. Funding working capital requirements
3. General corporate purposes

 

Rashi Peripherals IPO Key Details

• Rashi Peripherals IPO Open Date: February 7, 2024
• Rashi Peripherals IPO Close Date: February 9, 2024
• Rashi Peripherals IPO Size: Approximately ₹600 crores, Equity Shares
• Face Value: ₹5 Per Equity Share
• Rashi Peripherals IPO Price Band: ₹295 – ₹311 Per Equity Share
• Rashi Peripherals IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Rashi Peripherals IPO Timeline

• Rashi Peripherals IPO Open Date: February 7, 2024
• Rashi Peripherals IPO Close Date: February 9, 2024
• Basis of Allotment: February 12, 2024
• Refunds: February 13, 2024
• Credit to Demat Account: February 13, 2024
• Rashi Peripherals IPO Listing Date: February 14, 2024

 

How to Apply for Rashi Peripherals IPO

Investors can apply for the Rashi Peripherals IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Rashi Peripherals Financial Performance (in Crores)

• Year 2021: Revenue ₹5931, Expense ₹5751, PAT ₹136.35
• Year 2022: Revenue ₹9322, Expense ₹9082, PAT ₹182.51
• Year 2023: Revenue ₹9469, Expense ₹9403, PAT ₹123.34
• Sep 2023: Revenue ₹5473, Expense ₹5371, PAT ₹72.02

 

Rashi Peripherals Valuation FY2023

• Earning Per Share (EPS): ₹29.50 per Equity Share
• Price/Earning P/E Ratio: N/A
• Return on Net Worth (RoNW): 17.60%
• Net Asset Value (NAV): ₹167.56 per Equity Share

 

Rashi Peripherals Peer Group

• Redington India Limited

 

Rashi Peripherals Company Promoters

• Krishna Kumar Choudhary
• Sureshkumar Pansari
• Kapal Suresh Pansari
• Keshav Krishna Kumar Choudhary
• Chaman Pansari
• Krishna Kumar Choudhary (HUF)
• Suresh M Pansari HUF

 

Rashi Peripherals IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: rptechindia.ipo@linkintime.co.in

 

Rashi Peripherals IPO Allotment Status Check

• Check the Rashi Peripherals IPO allotment status on the Link Intime website.

 

Rashi Peripherals IPO Allotment Link

• Check the Rashi Peripherals IPO allotment on the ipogmp.org website.

 

Rashi Peripherals IPO Lead Managers (Merchant Bankers)

• JM Financial Limited
• ICICI Securities Limited

 

Rashi Peripherals Company Address

Ariisto House, 5th Floor, Corner of Telli Galli, Andheri (E)
Mumbai,Maharashtra-400 069
India
Website: https://www.rptechindia.com/
Phone: +91 22 6177 1771/72
Email: investors@rptechindia.com

 

Rashi Peripherals IPO FAQs

 

What is Rashi Peripherals IPO?

Rashi Peripherals IPO is a Main-board IPO. They are going to raise ₹600 crores via IPO. The issue is priced at ₹295 – ₹311 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Rashi Peripherals IPO open?

The IPO is to open on February 7, 2024, for NII, and Retail Investors.

 

What is Rashi Peripherals IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Rashi Peripherals IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Rashi Peripherals IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the Rashi Peripherals IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Rashi Peripherals IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Rashi Peripherals IPO Size?

Rashi Peripherals IPO size is ₹600 crores.

 

What is Rashi Peripherals IPO Price Band?

Rashi Peripherals IPO Price Band is ₹295 – ₹311 Per equity share.

 

What is Rashi Peripherals IPO Minimum and Maximum Lot Size?

The IPO bid is 48 Shares with ₹14,470.

 

What is Rashi Peripherals IPO Allotment Date?

Rashi Peripherals IPO allotment date is February 12, 2024.

 

What is Rashi Peripherals IPO Listing Date?

Rashi Peripherals IPO listing date is February 14, 2024. The IPO to list on NSE & BSE.