Rashi Peripherals Ltd
Price Range
₹295 - ₹311
Min. Quantity
48
Closes on
9 February 2024
Min. investment
₹14,928/624 Shares
Rashi Peripherals Ltd IPO Timeline
Rashi Peripherals Limited was incorporated as 'Rashi Peripherals Private Limited' at Mumbai, as a Private Limited Company dated March 15, 1989 by ROC at Mumbai. Subsequently, the status of the Company got changed to Public Limited Company reflecting the name to 'Rashi Peripherals Limited' vide fresh Certificate of Incorporation on August 4, 2022. The Company was founded by Mr. Suresh Kumar Pansari and Mr. Krishna Kumar Choudhary in 1989.
| Event | Date |
|---|---|
| Rashi Peripherals Ltd IPO Opening Date | 7 February 2024 |
| Rashi Peripherals Ltd IPO Closing Date | 9 February 2024 |
| Basis of Allotment | 12 February 2024 |
| Initiation of Refunds | 13 February 2024 |
| Credit of Shares to Demat | 13 February 2024 |
| Rashi Peripherals Ltd IPO Listing Date | 14 February 2024 |
Rashi Peripherals Ltd IPO Details
| Rashi Peripherals Ltd IPO Date | 7 February 2024 to 9 February 2024 |
| Rashi Peripherals Ltd IPO Face Value | ₹5 per share |
| Rashi Peripherals Ltd IPO Price | ₹295 to ₹311 per share |
| Rashi Peripherals Ltd IPO Lot Size | 48 |
| Issue Size | Shares of ₹5 (aggregating up to ₹600 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹600 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 40,67,796 of the Net Offer |
| Retail Shares Offered | Not less than 71,18,645 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 30,50,848 of the Net Offer |
| Company Promoters | Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari |
Rashi Peripherals Ltd IPO Lot Size
The Rashi Peripherals Ltd IPO lot size is 48 shares. A retail-individual investor can apply for up to 13 lots (624 shares or ₹1,94,064).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 48 | ₹14,928 |
| Maximum | 13 | 624 | ₹1,94,064 |
- Strengths
- Risks
- Opportunities
- The Company is a leading and the fastest growing Indian distribution partner for information and communications technology products having all the leading brands/OEMs as compared to other leading ICT distributors in India.
- The Company is present pan-India and has multi-channel distribution footprint backed by dedicated in-house infrastructure.
- The Company has long term relationships with marquee global technology brands supported by its committed strategy on engagement with customers.
- The Company has a diversified and comprehensive product portfolio and offer additional solutions.
- The Company has a scalable business model supported by advanced technology stack.
- The Company has a consistent track record of superior financial performance and return metrics.
- The Company has experienced promoters and a professional senior management team.
Company Financials
Rashi Peripherals Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 3,725.73 | 10,747.32 | 133.39 |
| 03-2023 | 2,756.43 | 9,277.09 | 123.07 |
| 03-2022 | 2,599.11 | 9,168.92 | 180.68 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or scheduled re-payment of all or portion of certain outstanding borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Rashi Peripherals Ltd IPO Promoter Holding
| Pre Issue Share Holding | 2.78% |
| Post Issue Share Holding | 1.97% |
Rashi Peripherals Ltd IPO Subscription Status (Bidding Detail)
The Rashi Peripherals Ltd IPO is subscribed 59.71 times on 9 February 2024 05:00:00 PM. The public issue subscribed 10.44 times in the retail category, 143.66 times in the QIB category, and 62.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 143.66 | 62.75 | 10.44 | - | 59.71 |
Rashi Peripherals Ltd IPO Prospectus
Rashi Peripherals Ltd IPO Listing Date
| Listing Date | 14 February 2024 |
| BSE Script | 544119 |
| NSE Symbol | RPTECH |
| Listing In | BSE, NSE |
| ISIN | INE0J1F01024 |
| IPO Price | ₹311 |
| Face Value | ₹5 |
Company Contact Information
5th Floor Ariisto HouseTelli Galli Corner Andheri (E),Mumbai-400069
Phone: 91-22-6177 1771/72
Email: investors@rptechindia.com
Website: www.rptechindia.com
Rashi Peripherals Ltd IPO Registrar
Rashi Peripherals Ltd IPO Lead Manager(s)
- JM Financial Ltd
- ICICI Securities Ltd
FAQ
What is the issue size of Rashi Peripherals Ltd IPO?
I have pre-applied for Rashi Peripherals Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.