Hold onto your hats, investors! Rashi Peripherals Limited’s IPO is here. As the company announced going public, we are here to give you all the details about the Initial Public Offering (IPO) of Rashi Peripherals.
Rashi Peripherals is a company that distributes global technology brands in India. For information and communications technology (ICT) products such as PCs, components, peripherals and accessories, servers, enterprise, and embedded solutions and services, Rashi Peripherals is one of the national distribution partners for international technology brands in India.
In this article, you will get information about the IPO, such as Price, lot size, GMP(Grey Market Price), opening and closing Date of IPO, subscription rate, allotment Date, and lots more.
From the opening date to the IPO price, lot size, how to apply for IPO, Live GMP, and beyond, Committed to keeping you informed every step of the way.
Stay tuned as we explore Rashi Peripherals Limited’s history, market analysis, and future growth possibilities. It’s an IPO that promises huge opportunities, and we’re here to make sure you’re ready to take advantage of them.
Join us on this journey as we unveil the details of Rashi Peripheral’s IPO.
Rashi Peripherals IPO Details
Rashi Peripherals IPO, opening from February 7 to February 9, 2024. Priced between ₹295 to ₹311 per share. IPO offers investors an attractive opportunity, with a face value of ₹5 which means there is a chance of a stock split in the future. The minimum lot size for retail investors is 48 shares (₹14,928), and the total issue size is ₹600.00 Crores. Rashi Peripherals will list its IPO on February 14, 2024, on both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
Rashi Peripherals Limited IPO – Mark Your Calendar!
Prepare yourself for a significant financial opportunity as the application for the IPO is about to open. Here are key details:
IPO Date: The subscription window for Rashi Peripherals Limited IPO opens on February 7, 2024, and closes on February 9, 2024.
Price Band: The company has set the price per share in the range of ₹295 to ₹311, making it affordable for investors across all price ranges.
Face Value: Each share has a face value of ₹5.
Lot Size: The minimum retail investor lot size for this IPO is 48 shares (₹14,928), allowing small retail investors to participate in this IPO.
Total Issue Size: Rashi Peripherals Limited IPO has a total issue size aggregating up to ₹600.00 Crores.
Fresh Issue: All shares are fresh issue of shares, there is no offer for sale (OFS).
Check the table for more details…
| IPO Date Opening Date | February 7, 2024 |
| IPO Date Closing Date | February 9, 2024 |
| IPO allotment Date | February 12, 2024 |
| Initiations of refund (if not allotted) | February 13, 2024 |
| Credits of shares to demat (if allotted) | February 13, 2024 |
| Listing Date | February 14, 2024 |
| Face Value | ₹5 per share |
| Price | ₹295 to ₹311 per share |
| Lot Size (Min. retail) | 48 Shares (₹14,928) |
| Total Issue Size | (aggregating up to ₹600.00 Crores) |
| Fresh Issue | (aggregating up to ₹600.00 Crores) |
| Offer for Sale | Nil |
| Listing At | NSE and BSE |
| Shareholding pre-issue | 46,607,061 |
| Shareholding post-issue | 65,899,665 |
Stay tuned with us for further details about the IPO.
About
Rashi Peripherals started way back in 1989, which means it’s been around for a long time in this information and communications technology (ICT) industry. This can make it a good and reliable stock to invest in. Rashi Peripherals company that works with global technology brands with 63 warehouses, 50 service centers, and 50 branches in India, they have a pan-Indian distribution network that allows them to meet the technological needs of 8407 clients in 680 locations.
The primary sections of operation are the following two:
- Personal Computing, Enterprise and Cloud Solutions (PES)
- Lifestyle and IT Essentials (LIT)
In India, they distribute 52 international technology brands. It provides value-added support along with standard distribution, including pre-sale activities, solutions design, technical guidance, credit support, and warranty management services.
The diversified portfolio, wide pan-Indian operations, and commitment to quality of service are the key value propositions that they consider in their connections with Channel Partners. These attributes have been reflected in customer acquisition.
The contributions were recognized and rewarded by vendors and media publications. In Fiscal 2023, they were mentioned in the media 483 times.
Rashi Peripherals Info
| Company Information | Company Details |
|---|---|
| Company Name | Rashi Peripherals Limited |
| Ticker Symbol (NSE) | To be updated |
| Ticker Symbol (BSE) | To be updated |
| Industry | Information and communication technology (ICT) |
| Founded | 1989 |
| Headquarters | Ariisto House, 5th Floor, Corner of Telli Gall Andheri (E) Mumbai 400 069 |
| Website | https://www.rptechindia.com/ |
| Promoters | Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF. |
| Products/Services | Global Technology brand distributors |
| Market Presence | India |
| Ownership Structure | To be a Publicly traded company |
| Financial Highlights (2022-2023) | Net Worth: ₹772.74 in crore |
| Profit After Tax: ₹72.02 in crore | |
| Assets: ₹4058.64 in crore | |
| Regulatory Environment | Compliant with SEBI regulations |
Rashi Peripherals GMP Today (07/02/2024)
Rashi Peripherals Limited Today GMP ( Grey Market Price ): 25.40%
| GMP Rate | 25.40% |
| GMP in INR | 79 |
Allotment link
Rashi Peripherals Limited IPO Lot Size
The minimum lot size for the retail investor of Rashi Peripherals Limited IPO is required to purchase a minimum of 48 shares (₹14,928).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 48 | ₹14,928 |
| Retail (Max) | 13 | 624 | ₹194,064 |
| S-HNI (Min) | 14 | 672 | ₹208,992 |
| S-HNI (Max) | 66 | 3168 | ₹985,248 |
| B-HNI (Min) | 67 | 3216 | ₹1,000,176 |
Rashi Peripherals IPO Reservation
| 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 |
Rashi Peripherals Financial Information (Consolidated)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
Rashi Peripherals Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 19.33% |
| ROCE | 14.21% |
| Debt/Equity | 1.53 |
| RoNW | 17.60% |
| P/BV | 1.86 |
FAQ
1. What is Rashi Peripherals Limited IPO?
Ans. Rashi Peripherals Limited is a main-board IPO. The face value of ₹5 aggregates up to ₹600.00 Crores. The minimum issue price band for the retail investor is ₹295 and the maximum price band for the retail investor is ₹311 per share. The minimum order quantity is 48 Shares (₹14,928). The Rashi Peripherals Limited IPO opens on February 7, 2024, and closes on February 9, 2024. linkintime Limited is the registrar for the IPO. The company has proposed to list the shares on both BSE and NSE.
2. When is the Rashi Peripherals IPO scheduled to take place?
Ans. The IPO date for Rashi Peripherals IPO is scheduled for February 7, 2024.
3. What is the IPO price of Rashi Peripherals shares?
Ans. The IPO price is the price at which Rashi Peripherals shares will be initially offered to the public. The IPO price for Rashi Peripherals is between ₹295 to ₹311 per share.
4. What is the Grey Market Premium (GMP) for Rashi Peripherals Limited IPO
Ans. The Grey Market Premium (GMP) reflects the premium at which shares of Rashi Peripherals Limited are trading in the unofficial, secondary market before the official listing. The GMP for Rashi Peripherals Limited IPO is ₹79 (25.40%).
5. Where can I find a review and analysis of the Rashi Peripherals IPO prospectus?
Ans. You can find a comprehensive review and analysis of the Rashi Peripherals IPO prospectus on the official website of SEBI.
6. How can I apply for Rashi Peripherals IPO shares?
Ans. To apply for Rashi Peripherals IPO shares, you can follow the instructions provided in the prospectus or contact your broker. You can apply online or submit a physical application form through your broker’s platform.
7. What are the key details about Rashi Peripherals Limited’s business and industry?
Ans. Rashi Peripherals Limited is an Indian company in the pharmaceutical and healthcare ingredient industry.
8. What are the risk factors associated with investing in Rashi Peripherals IPO?
Ans. Investing in an IPO carries certain risks, including market, business, and regulatory risks. Rashi Peripherals IPO prospectus provides a detailed list of risk factors that potential investors should review carefully.
9. What is the size of the Rashi Peripherals IPO offering?
Ans. The size of the Rashi Peripherals IPO offering refers to the total value of shares made available to the public. The offering size for Rashi Peripherals IPO is ₹600.00 Crore.
10. When is the opening date & closing date of the IPO for Rashi Peripherals Limited?
Ans: The opening date for Rashi Peripherals Limited IPO is February 7, 2024, and the closing date is February 9, 2024.
11. What is the minimum lot size and order quantity for Rashi Peripherals Limited IPO?
Ans: The minimum lot size for Rashi Peripherals Limited IPO is ₹14,928 and the minimum order quantity required for participation is 48 shares.
12. Who is the registrar for Rashi Peripherals IPO?
Ans: The registrar for Rashi Peripherals IPO is Linkintime.
Conclusion
In summary, Rashi Peripherals IPO is an exciting opportunity for the investor to gain profit on a listing day with expectations of 25% or more return. We have discussed the company and details of Rashi Peripherals with live Rashi Peripherals Limited IPO GMP prices, allotment date, and more. Keep an eye on market dynamics, do your research before applying to the IPO, and stay tuned for updates
Disclaimer :
- IPO Grey Market Premium (Rashi Peripherals IPO GMP): The mention of Rashi Peripherals IPO Grey Market Premium (GMP) is approximate, not accurate, and may change over time.
- No Buying or Selling of IPO Forms: Please be aware that we do not facilitate the buying and selling of IPO forms within the IPO Grey Market.