02-Feb-2024
2 mins read
Rashi Peripherals Limited IPO 2024 is open for subscription from Wednesday, February 7, 2024 and will close on Friday, February 9, 2024. The price band for this IPO is decided at Rs 295 to Rs 311 per share. The minimum lot size of this application for the retail category consists of 48 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 672 shares. Whereas, the minimum lot for big non-institutional investors is 67 lots consisting of 3216 shares. The minimum amount of investment required for retail category investors is Rs 14,580 (311 x 48 shares). However, for small non-institutional investors the minimum investment amount is required Rs 2,08,992 (311 x 672 shares) and for big non-institutional investors is Rs 10,00,176 (311 x 3216 shares). Rashi Peripherals Limited IPO 2024 is a book-built issue of Rs 600.00 crores. The issue is entirely a fresh issue of 1.93 crore equity shares. The allotment for this IPO is expected to be finalized on Monday, February 12, 2024. Rashi Peripherals IPO will list on both BSE, NSE and listing date fixed on Wednesday, February 14, 2024. The book running lead manager of Rashi Peripherals Limited is JM Financials Limited and ICICI Securities Limited. The registrar for this IPO is Link Intime India Private Limited.
About Rashi Peripherals Limited
Rashi Peripherals Limited was incorporated in 1989, it is engaged in the business that distributes global technology brands in India. Company is among leading value added national distributions partners for the global technology brands in India for information and communications technology products in terms of revenue and distribution network in Fiscal 2022. Company’s service offerings include value added services such as pre-sales, technical support, market services, credit solutions and warranty management services.
Rashi Peripherals Limited has two business verticals: 1) Personal computing, enterprising and cloud solutions (PES). 2) Lifestyle and IT essentials (LIT). The PES includes personal computing devices, enterprise solutions, embedded design/products and cloud computing. Whereas, LIT includes the distribution of products such, component like graphic cards, central processing units and motherboards. Other than this, storage and memory devices, accessories such as keyboard, mouse, monitor, wearables, fitness trackers etc, power devices such as UPS and inverters, networking and mobility devices.
Company’s clients include prominent names like ASUS Global Pte. Limited, Dell International services India Private Limited, HP India sales private limited, Lenovo India Private Limited, NVIDIA Corporation, Intel Americans and many more. Company is the national distributor for 52 global technology brands and has 50 branches, 63 warehouses with 8657 distributors across different states of India.
Objectives of the Rashi Peripherals Issue
This IPO will help the company to raise the funds from the general public which will be utilized for prepayment or scheduled repayment of all portions of certain outstanding borrowings availed by the company. Moreover, the net proceeds will also be utilized for the funding the working capital requirements. Also the general corporate purposes will also be fulfilled.
Financial Performance of Rashi Peripherals Limited
Company’s revenue increased by 1.58% and profit after tax decreased by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 4,058.64 | 2,798.60 | 2,669.76 | 1,594.39 |
| Revenue | 5,473.27 | 9,468.95 | 9,321.92 | 5,930.24 |
| Profit After Tax | 72.02 | 123.34 | 182.51 | 136.35 |
| Net Worth | 772.74 | 700.12 | 575.07 | 394.19 |
| Reserves and Surplus | 686.24 | 760.36 | 557.84 | 395.99 |
| Total Borrowing | 1,395.20 | 1,065.76 | 881.74 | 488.99 |
| Amt in Crore |
Other Important Details of Rashi Peripherals Limited IPO
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | 14-Feb-24 |
| Face Value | Rs 5 per share |
| Price Band | Rs 295 to Rs 311 per share |
| Lot Size | 48 Shares |
| Total Issue Size | 19,292,604 shares (amounting to Rs 600 Crore) |
| Fresh Issue | 19,292,604 shares (amounting to Rs 600 Crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 46,607,061 |
| Shareholding post issue | 65,899,665 |
Lot Size of Rashi Peripherals Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 48 | Rs 14,928 |
| Retail (Max) | 13 | 624 | Rs 194,064 |
| S-HNI (Min) | 14 | 672 | Rs 208,992 |
| S-HNI (Max) | 66 | 3,168 | Rs 985,248 |
| B-HNI (Min) | 67 | 3,216 | Rs 1,000,176 |
IPO Reservation of Rashi Peripherals Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Promoters of Rashi Peripherals Limited and Their Holdings
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.
| Shareholding Pre Issue | 89.65% |
| Shareholding Post Issue | 63.41% |
Time-Table of Rashi Peripherals Limited IPO 2024
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 9, 2024 |
Key Performance Indicator of Rashi Peripherals Limited IPO 2024
The market capitalization of Rashi Peripherals Limited is yet to be announced.
| KPI | Values |
| ROE | 19.33% |
| ROCE | 14.21% |
| Debt/Equity | 1.53 |
| RoNW | 17.60% |
| P/BV | 1.86 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 26.46 | 21.86 |
| P/E (x) | 11.75 | 14.23 |
Lead Manager(s) of Rashi Peripherals Limited IPO 2024
The lead manager for Rashi Peripherals Limited IPO is JM Financials Limited and ICICI Securities Limited.
How to Apply for Rashi Peripherals Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Rashi Peripherals Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Rashi Peripherals Limited IPO 2024
The registrar for Rashi Peripherals Limited IPO is Link Intime India Private Limited. To check your allotment status, please click on this link below https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
- What is Rashi Peripherals Limited IPO 2024?
Rashi Peripherals Limited IPO 2024 is a book-built issue of Rs 600.00 crores. The issue is entirely a fresh issue of 1.93 crore equity shares. The price band for this IPO is decided at Rs 295 to Rs 311 per share. The minimum lot size of this application for the retail category consists of 48 shares.
- Who are the lead managers for the Rashi Peripherals Limited IPO 2024?
JM Financials Limited and ICICI Securities Limited are appointed as the lead managers for the IPO.
- What is the role of Link Intime India Private Limited in this IPO?
Link Intime India Private Limited is the registrar for the Rashi Peripherals Limited handling the IPO’s administrative aspects.
- How can I apply for the Rashi Peripherals Limited IPO 2024?
The public subscription of this IPO will open on February 7, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
Funds will be utilized for prepayment or scheduled repayment of all portions of certain outstanding borrowings availed by the company. Moreover, the net proceeds will also be utilized for the funding the working capital requirements. Also the general corporate purposes will also be fulfilled.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Rashi Peripherals Limited IPO 2024 by visiting https://linkintime.co.in/Initial_Offer/public-issues.html
- What is the financial performance of Rashi Peripherals Limited?
Company’s revenue increased by 1.58% and profit after tax decreased by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.