Rashi Peripherals was incorporated in 1989. The company is among the leading value-added national distribution partners for global technology brands in India for information and communications technology products. It primarily operates in business verticals like personal computing, enterprise and cloud solutions, and lifestyle and IT essentials.
| Bidding Dates |
|---|
| 07 Feb 2024 - 09 Feb 2024 |
| Subscription |
|---|
| 59.71x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,160 | 1 | 13 | 48 | 19.3 M | ₹295 - ₹311 | 63.4 % | ₹5691.3 M - ₹6000.0 M | RHP DOC |
Rashi Peripherals IPO SUBSCRIPTION STATUS
09 Feb '24Rashi Peripherals IPO overall subscription rate was 59.71 times the total available shares
Rashi Peripherals IPO retail subscription rate was 10.44 times in the retail segment
Rashi Peripherals IPO non-institutional investor subscription rate was 62.75 times in the non-institutional investor category
Rashi Peripherals IPO Qualified Institutional Bidder subscription rate was 143.66 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
09 Feb 2024 (Day 3) | 10.44x | 62.75x | 143.66x |
08 Feb 2024 (Day 2) | 3.46x | 5.88x | 0.72x |
07 Feb 2024 (Day 1) | 1.36x | 1.87x | 0.01x |
Rashi Peripherals FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 720.2 | 54,685.10 | -2,856.7 | -2,899.4 | 3.0% |
| H1FY23 | 673.8 | 50,239.4 | -989.2 | -1,007.5 | 2.7% |
| FY23 | 1,233.4 | 94,542.8 | -1,145.5 | -1,257.5 | 2.8% |
| FY22 | 1,825.1 | 93,134.4 | -3,152.1 | -3,274.0 | 3.3% |
| FY21 | 1,363.5 | 59,250.5 | -1,097.5 | -1,149.1 | 3.6% |
Rashi Peripherals IPO SUBSCRIPTION STATUS DETAILS
Rashi Peripherals had 19.3 M shares on offer
Rashi Peripherals IPO offer price was in the range ₹295 - ₹311
Rashi Peripherals IPO minimum Investment was ₹14160
Rashi Peripherals IPO issue size was ₹ 5691.3 M - ₹ 6000.0 M
Rashi Peripherals had a minimum lot size of 48 Shares per application
Rashi Peripherals NUMBER OF SHARES ON OFFER
Rashi Peripherals IPO IMPORTANT DATES
| Issue Open Date | 07 Feb 2024 |
| Issue close Date | 09 Feb 2024 |
| Allotment Date | 12 Feb 2024 |
| Refund Date | 13 Feb 2024 |
| Demat Account Credit Date | 13 Feb 2024 |
| Listing Date | 14 Feb 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Rashi Peripherals Allotment Status | Exchange |
Rashi Peripherals IPO subscription opened on 07 Feb 2024, and closed on 09 Feb 2024
IPO allotment for Rashi Peripherals was finalized on Monday, 12 Feb 2024
IPO listing for Rashi Peripherals was on NSE and BSE on Wednesday, 14 Feb 2024
Rashi Peripherals IPO LISTING GAINS
| Issue Price (adjusted) | 311.0 |
| Listing Open Price | 339.5 |
| Listing Close Price | 321.5 |
| Listing Gain% | 9.2% |
| Current Gain% | 188.3% |
Rashi Peripherals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rashi Peripherals Ltd. | 896.7 | 5909.2 | 18.7 | 0.4 | 0.3 | 13.7 | 5.2 | 15867.9 | 14.7 | 277.6 | 33.4 | 48 | 49 |
| Adani Enterprises Ltd. | 3010 | 407376.8 | 54.7 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 353.2 | 27612.3 | 16.2 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 82.6 | 12468.2 | 44 | 0.1 | 7.1 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 307.5 | 9638.8 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9592.5 | 24.8 | 0.1 | 2813 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
Rashi Peripherals INFORMATION ON IPO ISSUE
About Rashi Peripherals
Rashi Peripherals was incorporated in 1989. The company is among the leading value-added national distribution partners for global technology brands in India for information and communications technology products. It primarily operates in business verticals like personal computing, enterprise and cloud solutions, and lifestyle and IT essentials.
Object of the Issue
- Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Rashi Peripherals - PROMOTERS
| Name |
|---|
| Krishna Kumar Choudhary |
| Sureshkumar Pansari |
| Kapal Suresh Pansari |
| Keshav Krishna Kumar Choudhary |
| Chaman Pansari |
| Krishna Kumar Choudhary (HUF) |
| Suresh M Pansari HUF |
Rashi Peripherals Book Running Lead Manager
JM Financial Limited
rplipo.2022@jmfl.com
ICICI Securities Limited
rptech.ipo@icicisecurities.com
Rashi Peripherals Registrar to the Offer
Link Intime India Private Limited
rptechindia.ipo@linkintime.co.in
Rashi Peripherals Strengths
Leading and fastest-growing
The company is a leading and fastest-growing Indian distribution partner for information and communications technology products
Multi-channel distribution
The company has a pan-India and multi-channel distribution footprint backed by dedicated in-house infrastructure
Long-term relationships
The company has long-term relationships with marquee global technology brands, supported by a committed engagement strategy with customers
Product portfolio
The company has a diversified and comprehensive product portfolio and value-added solutions, along with a consistent track record of superior financial performance
Rashi Peripherals Risks
Increasing competition
Increasing competition in the information and communications technology products distribution industry may create certain pressures that could adversely affect the business
Credit exposure
The company has significant credit exposure to channel partners and other customers, and negative trends in their businesses could cause it significant credit loss and negatively impact the cash flow
Regulatory proceedings
The company, its directors, promoters, and subsidiaries are or may be involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business
IPO FAQs
The promoters of the company are Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF) and Suresh M Pansari HUF.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 295.0 - 311.0.
The IPO application opens on Feb 07, 2024 and closes on Feb 09, 2024.
The minimum lot size for the IPO is 48. The maximum lot size for the IPO is 624.
For all category investors, the minimum application amount for this IPO is Rs. 14,160.0, the maximum value for this IPO is Rs 194,064.0.
This IPO will be allotted on Feb 12, 2024.
The refund will be credited to your account on Feb 13, 2024.
The allotted shares will be credited to your demat on Feb 13, 2024.
Rashi Peripherals Ltd.’s shares listed on the stock exchanges on Feb 14, 2024.