Rashi Peripherals Limited IPO

07 Feb 2024 - 09 Feb 2024 Individual Category IPO NSE

Min Investment

₹28320

Price Band

₹295-₹311

Issue Size

192.93 lakhs
Equity Shares

Lot Size

48 (per lot)

IPO Dates
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07 Feb 2024

Open Date

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09 Feb 2024

Close Date

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12 Feb 2024

Allotment Date

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14 Feb 2024

Listing Date

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.

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About Rashi Peripherals Limited Ipo

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.

Founded

1989

Managing Director

Kapal Suresh Pansari

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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