Rashi Peripherals Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 1,92,92,604 shares (aggregating up to ₹ 600.00 Cr) |
| Fresh Issue | 1,92,92,604 shares (aggregating up to ₹ 600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,66,07,061 |
| Share holding post issue | 6,58,99,665 |
About Rashi Peripherals Limited IPO
Rashi Peripherals Limited is among leading national distribution partners for global technology brands in India for information and communications technology (“ICT”) products in terms of revenues and distribution network in Fiscal 2023. With a pan India distribution network of 50 branches, 50 service centers and 63 warehouses, they cater to technology requirements of 8407 customers in 680 locations across India.
They primarily operate the two following verticals:
- ● Personal Computing, Enterprise and Cloud Solutions (PES)
- ● Lifestyle and IT essentials (LIT)
They are the distribution partner of 52 global technology brands in India. Along with conventional distribution, they offer value added support such as pre-sale activities, solutions design, technical support, credit support and warranty management services. 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 price band is set at ₹295 to ₹311 per share. The minimum lot size for an application is 48 Shares. 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.
Objectives of Rashi Peripherals IPO
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objectives:
- 1. Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the Company.
- 2. Funding working capital requirements of the Company.
- 3. General corporate purposes.
Rashi Peripherals IPO Review
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.
Rashi Peripherals Limited IPO Financial Information
Latest Revenue
5,473.27
₹ Crore
Profit After Tax
72.02
₹ Crore
Net Worth
772.74
₹ Crore
Total Borrowing
1,395.20
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 4,058.64 | 5,473.27 | 72.02 | 772.74 | 1,395.20 | ||||
| 31 Mar 2023 | 2,798.60 | 9,468.95 | 123.34 | 700.12 | 1,065.76 | ||||
| 31 Mar 2022 | 2,669.76 | 9,321.92 | 182.51 | 575.07 | 881.74 | ||||
| 31 Mar 2021 | 1,594.39 | 5,930.24 | 136.35 | 394.19 | 488.99 | ||||
| Amount in ₹ Crore | |||||||||
Rashi Peripherals Limited Key Performance Indicator
| 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 |
Frequently Asked Questions
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Competitive Strengths
Rashi Peripherals Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |