Rashi Peripherals Limited IPO: An Overview and Corporate Insight
Founded in 1989, Rashi Peripherals Limited is an Indian company specializing in distributing global technology brands focused on Information and Communication Technology (ICT). They offer value-added services like pre-sales support, technical assistance, and marketing solutions. The company operates through two main divisions:
- Personal computing, enterprise, and cloud solutions (PES): Providing personal computing devices, enterprise solutions, and cloud computing services.
- Lifestyle and IT essentials (LIT): Distributing components, storage devices, lifestyle peripherals, power devices, and networking/mobility devices.
Grey Market Premium Analysis and IPO Timelines – Rashi Peripherals IPO
|
Date |
GMP |
| February 06 | ₹70 |
| February 05 | ₹70 |
| February 04 | ₹85 |
| February 03 | ₹85 |
| February 02 | ₹63 |
With a price band of ₹311.00, the estimated listing price for Rashi Peripherals IPO is ₹381.00, calculated as the cap price plus today’s Grey Market Premium (GMP). This translates to an expected percentage gain of 22.51% per share.
Pricing Details and Lot Size – Rashi Peripherals Limited IPO
The price band for Rashi Peripherals IPO is ₹295 to ₹311 per share.
Book-Running Lead Managers and Registrar – Rashi Peripherals Limited IPO
JM Financial and ICICI Securities are the joint Book Running Lead Managers (BRLMs) to the issue while Link Intime India is the registrar.
Offer for Sale and IPO Size Breakdown – Rashi Peripherals Limited IPO
The IPO of Rashi Peripherals Ltd will be entirely a fresh issue of shares. Hence, there is no offer for sale (OFS) component
IPO Price Band and Lot Size –Rashi Peripherals Limited IPO
Rashi Peripherals IPO is a book-built issue of Rs 600.00 crores, consisting entirely of a fresh issue of 1.93 crore shares.
The IPO price band is set at ₹295 to ₹311 per share, with a minimum lot size of 48 shares. Retail investors need a minimum investment of ₹14,928, while the minimum lot size for sNII is 14 lots (672 shares), amounting to ₹208,992, and for bNII, it is 67 lots (3,216 shares), amounting to ₹1,000,176.
IPO Timelines at a Glance – Rashi Peripherals Limited IPO
| Event | Date |
| IPO Opening Date | February 7,2024 |
| IPO Closing Date | February 9, 2024 |
| IPO Allotment Date | February 12, 2024 |
| Initiation of Refunds | February 13, 2024 |
| Credit of Shares to Demat | February 13, 2024 |
| IPO Listing Date | February 14, 2024 |
Utilisation of Fresh Issuance and Technological Advancements – Rashi Peripherals Limited IPO
The company plans to utilise the Net Proceeds from the Offer to prepay or partially repay certain outstanding borrowings, fund working capital requirements, and for general corporate purposes
Conclusion
The company is a key player in the Indian market for distributing ICT products. It showed strong performance in FY21 and FY22, aligning with industry trends during the pandemic. While FY23 experienced margin challenges, H1-FY24 indicates a recovery. Given the FY24 earnings outlook, the valuation appears fair. Investors seeking medium to long-term gains may find it worth considering.
Frequently Asked Questions (FAQ) – Rashi Peripherals Limited IPO
What does Rashi Peripherals Limited Ltd. specialise in?
Rashi Peripherals Limited is an Indian company specialising in distributing global technology brands focused on Information and Communication Technology (ICT).
What is the primary purpose of Rashi Peripherals Limited’s IPO?
The company plans to utilize the Net Proceeds from the Offer to prepay or partially repay certain outstanding borrowings, fund working capital requirements, and for general corporate purposes.
Who are the lead managers for Rashi Peripherals Limited’s IPO?
JM Financial and ICICI Securities are the joint Book Running Lead Managers (BRLMs) to the issue.
How is the IPO structured in terms of new issuance and offer for sale (OFS)?
Rashi Peripherals IPO is a book-built issue of Rs 600.00 crores, consisting entirely of a fresh issue of 1.93 crore shares.
