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Rashi Peripherals IPO is a book built issue of Rs 600.00 crores. The issue is entirely a fresh issue of 1.93 crore shares.
Rashi Peripherals IPO bidding started from February 7, 2024 and ended on February 9, 2024. The allotment for Rashi Peripherals IPO was finalized on Monday, February 12, 2024. The shares got listed on BSE, NSE on February 14, 2024.
Rashi Peripherals IPO price band is set at ₹295 to ₹311 per share. The minimum lot size for an application is 48 Shares. The minimum amount of investment required by retail investors is ₹14,928. The minimum lot size investment for sNII is 14 lots (672 shares), amounting to ₹208,992, and for bNII, it is 67 lots (3,216 shares), amounting to ₹1,000,176.
Jm Financial Limited and ICICI Securities Limited are the book running lead managers of the Rashi Peripherals IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Rashi Peripherals IPO RHP for detailed information.
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | February 14, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹295 to ₹311 per share |
| Lot Size | 48 Shares |
| Total Issue Size | 19,292,604 shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 19,292,604 shares (aggregating up to ₹600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 46,607,061 |
| Share holding post issue | 65,899,665 |
Rashi Peripherals IPO offers 19,292,603 shares. 3,858,521 (20.00%) to QIB, 2,893,891 (15.00%) to NII, 6,752,411 (35.00%) to RII and 5,787,780 (30.00%) to Anchor investors. 140,675 RIIs will receive minimum 48 shares and 1,408 (sNII) and 2,870 (bNII) will receive minimum 672 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 5,787,780 (30.00%) | NA |
| QIB Shares Offered | 3,858,521 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,893,891 (15.00%) | |
| bNII > ₹10L | 1,929,260 (10.00%) | 2,870 |
| sNII < ₹10L | 946,631 (4.91%) | 1,408 |
| Retail Shares Offered | 6,752,411 (35.00%) | 140,675 |
| Total Shares Offered | 19,292,603 (100%) |
Rashi Peripherals IPO raises Rs 180.00 crore from anchor investors. Rashi Peripherals IPO Anchor bid date is February 6, 2024. Rashi Peripherals IPO Anchor Investors list
| Bid Date | February 6, 2024 |
| Shares Offered | 5,787,780 |
| Anchor Portion Size (In Cr.) | 180.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 12, 2024 |
Rashi Peripherals IPO opens on February 7, 2024, and closes on February 9, 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 |
Investors can bid for a minimum of 48 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | 3,168 | ₹985,248 |
| B-HNI (Min) | 67 | 3,216 | ₹1,000,176 |
| Lot Size Calculator | |||
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.
| Share Holding Pre Issue | 89.65% |
| Share Holding Post Issue | 63.41% |
Incorporated in 1989, Rashi Peripherals Limited is a company that distributes global technology brands in India. They specialize in products related to ICT or Information and Communication Technology. The company's service offerings include value-added services such as pre-sales, technical support, marketing services, credit solutions and warranty management services.
The company has two business verticals:
The company's clients include ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA Corporation, Intel Americas, Inc., Western Digital (UK) Limited, Schneider Electric IT Business India Private Limited, Eaton Power Quality Private Limited, ECS Industrial Computer Co. Ltd., Belkin Asia Pacific Limited, TPV Technology India Pvt Ltd., LG Electronics India Private Limited, and Toshiba Electronic Components Taiwan Corporation, among others.
As of September 30, 2023, Rashi Peripherals is the national distributor for 52 global technology brands and has 50 branches, and 63 warehouses across India, with 8657 distributors across 680 locations in 28 States and Union Territories in India.
As at September 30, 2023, the company had 1,433 employees, including 549 employees in the sales and marketing team and 64 employees in the technical support team.
Rashi Peripherals Limited's revenue increased by 1.58% and profit after tax (PAT) dropped by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Amount in ₹ Crore | ||||
The market capitalization of Rashi Peripherals IPO is Rs 2049.48 Cr.
| 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 |
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
[Dilip Davda] The company is one of the leading ICT product distributors in India. It posted encouraging performance for fY21 and FY22 in line with the industry trends during Pandemic and has also marked pressure on margins for FY23, but back on track as indicated by H1-FY24. Based on FY24 annualized earnings, the issue appears fully priced. Investors may consider parking of funds for the medium to long-term rewards. Read detail review...
The Rashi Peripherals IPO is subscribed 62.95 times on February 9, 2024 5:59:00 PM. The public issue subscribed 11.01 times in the retail category, 151.45 times in the QIB category, and 66.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 151.45 |
| NII | 66.15 |
| bNII (bids above ₹10L) | 74.51 |
| sNII (bids below ₹10L) | 50.38 |
| Retail | 11.01 |
| Total | 62.95 |
Total Application : 935,721 (6.65 times)
| Listing Date | February 14, 2024 |
| BSE Script Code | 544119 |
| NSE Symbol | RPTECH |
| ISIN | INE0J1F01024 |
| Final Issue Price | ₹311 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹311.00 |
| ₹335.00 |
| ₹317.80 |
| ₹342.50 |
| ₹320.55 |
| NSE |
|---|
| ₹311.00 |
| ₹339.50 |
| ₹318.00 |
| ₹342.70 |
| ₹321.50 |
Rashi Peripherals Limited
Ariisto House, 5th Floor, Corner of Telli Gall
Andheri (E)
Mumbai 400 069
Phone: +91 22 6177 1771/72
Email: investors@rptechindia.com
Website: https://www.rptechindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rptechindia.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Rashi Peripherals IPO is a main-board IPO of 19,292,604 equity shares of the face value of ₹5 aggregating up to ₹600.00 Crores. The issue is priced at ₹295 to ₹311 per share. The minimum order quantity is 48 Shares.
The IPO opens on February 7, 2024, and closes on February 9, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rashi Peripherals IPO using UPI as a payment gateway. Zerodha customers can apply in Rashi Peripherals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rashi Peripherals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rashi Peripherals IPO opens on February 7, 2024 and closes on February 9, 2024.
Rashi Peripherals IPO lot size is 48 Shares, and the minimum amount required is ₹14,928.
You can apply in Rashi Peripherals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rashi Peripherals IPO will be done on Monday, February 12, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 13, 2024. Check the Rashi Peripherals IPO allotment status.
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Rashi Peripherals Limited IPO
Not Putting Useless Pre Sell Order B4 10am Helped "BLSE" To Open Higher.
Use The Same Strategy For Rashi Too.
Useless Pre Order Sell Will Only Help To Open More Down.
Instead of That Be Prepare And Press Sell Button Only After 10.am.
Again,
Retail Allocation (35%) But Applied Only 11 Times. So, May Not See Rush Selling.
Total HNI Allocation (15%), QIB Allocation (20%).
But QIB Applied 151 Times. They Are Again Hungry In This Stock.
Listing Day Selling Pressure Will Come Mainly From sNII & bNII.
Market Looks Negative Tomorrow. So, Selling Pressure Expected From Retail Too.
After These 2-3 Days Selling Pressure, The Journey For This Stock Towards 450. Not Very Far.
*Above Is My View* *No Buy / Sell Recommendation*
Happy Investing.