Rashi Peripherals Limited IPO is set to launch on 7 February, 2024. The company initiated its business operations in the year 1989. It works in distributing global technology solutions in India. The company specialises in products that are related to Information and Communication technology. Rashi Peripherals provides services like technical support, pre-sales, credit solutions, marketing services and warranty management services. The business of the company is divided in two segments such as Lifestyle and IT essentials and Personal computing, enterprise and cloud solutions. The client list of the company includes Dell, ASUS, HP, Logitech, Lenovo, Intel, NVIDIA, TPV Technology India Limited, Belkin, ECS, Eaton Power Quality Private Limited, LG, Toshiba etc. It has an employee base of 1433 people.
Rashi Peripherals Limited IPO DETAILS
Rashi Peripherals Limited IPO is set to launch on 7 February, 2024. The subscription timeline extends till 9 February, 2024. The size for the IPO is 600 Crore Rs. Shares issued through fresh issue mode are worth Rs 600 Crore. No shares are issued through offer for sale mode. The lot size is 48 shares and the price is 295 Rs to 311 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 5 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Rashi Peripherals Limited IPO
| IPO OPENING DATE | 7 February, 2024 |
| CLOSING DATE FOR IPO | 9 February, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 5 Rs. per share |
| IPO price band | 295 Rs. to 311 Rs. per share |
| LOT SIZE | 48 shares |
| MINIMUM ORDER QUANTITY | 48 shares |
| ISSUE SIZE | 600 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 600 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 14 February, 2024 |
Rashi Peripherals Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 7 February, 2024 |
| CLOSING DATE FOR IPO | 9 February, 2024 |
| IPO ALLOTMENT DATE | 12 February, 2024 |
| REFUNDS | 13 February, 2024 |
| DEMAT A/C CREDITED ON | 13 February, 2024 |
| IPO LISTING DATE | 14 February, 2024 |
Rashi Peripherals Limited IPO begins for subscription from 7 February, 2024. The IPO subscription would continue till 9 February, 2024. The allotment status for the shareholders who applied would come on 12 February, 2024. The refunds for the ones who did not get allotment would be initiated on 13 February, 2024. The DEMAT accounts of shareholders would be credited on 13 February, 2024. The listing of the company would be completed on 14 February, 2024.
Rashi Peripherals Limited IPO : Lead Managers
The lead managers are :
- ICICI Securities Limited
- JM Financial Limited
The minimum lot size for the company is decided at 48 shares. This holding accounts to 14928 Rs.. The maximum lot size is decided at 624 shares. This amounts to 194064 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 48 shares | 14928 Rs. |
| Maximum | 624 shares | 194064 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- With the IPO money the company might pay its outstanding loans.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 1594 | 2669 | 2798 |
| Revenue | 5930 | 9321 | 9468 |
| PAT | 136 | 182 | 123 |
Rashi Peripherals Limited had an asset base of 1594 Crore Rs in 2021 which increased to 2669 Crore Rs in 2022 and 2798 Crore Rs in 2023. The revenue of the firm was 5930 Crore Rs in 2021, 9321 Crore Rs in 2022 and 9468 Crore Rs in 2023. The profit of the firm was 136 Crore Rs in 2021 which increased to 182 Crore Rs in 2022. The profit of the firm decreased to 123 Crore Rs in the year 2023.
PROS
- Rashi Peripherals specialises in products that are related to Information and Communication technology. Rashi Peripherals provides services like technical support, pre-sales, credit solutions, marketing services and warranty management services.
- The business of the company is divided in two segments such as Lifestyle and IT essentials and Personal computing, enterprise and cloud solutions.
- The client list of the company includes Dell, ASUS, HP, Logitech, Lenovo, Intel, NVIDIA, TPV Technology India Limited, Belkin, ECS, Eaton Power Quality Private Limited, LG, Toshiba etc.
- It has an employee base of 1433 people.
Rashi Peripherals Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Rashi Peripherals Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
