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Rashi Peripherals IPO

Rashi Peripherals IPO

  • Status: Closed
  • RHP:
  • ₹ 14,160 / 48 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    14 Feb 2024

  • Listing Price

    ₹335.00

  • Listing Change

    7.72%

  • Last Traded Price

    ₹426.75

IPO Details

  • Open Date

    07 Feb 2024

  • Close Date

    09 Feb 2024

  • IPO Price Range

    ₹ 295 to ₹ 311

  • IPO Size

    ₹ 600 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    14 Feb 2024

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IPO Timeline

Rashi Peripherals IPO Subscription Status

Last Updated: 15 February 2024 5:11 PM by 5Paisa

Rashi Peripherals Limited IPO is set to open from 7th February to 9th February 2024. The company is a national distribution partner for global technology brands in India for information and communications technology (ICT). The IPO includes a fresh issue worth ₹600.00 cr. The share allotment date is 12th February 2024, and the IPO will be listed on 14th February 2024 on the stock exchanges. The price band and the lot size are yet to be announced.    

JM Financial Limited and ICICI Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Rashi Peripherals IPO:

●    To repay or prepay in full or part the borrowings obtained by the company 
●    To fund working capital requirements
●    General corporate purposes
 

Rashi Peripherals IPO Video:

 

Established in 1989, Rashi Peripherals is a national distribution partner for global technology brands in India for information and communications technology (ICT). The company is one of the fastest growing in its segment in terms of revenue. 

Rashi Peripherals has two main business verticals:

Personal Computing, Enterprise and Cloud Solutions (PES): Under this, the company distributes personal computing devices, enterprise solutions, embedded designs/ products and cloud computing. 

Lifestyle and IT essentials (LIT): Under this, the offered services are (i) components that include graphic cards, central processing units (“CPUs”) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories that include keyboard, mice, web cameras, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power equipment such as UPS and invertors; and (v) networking and mobility devices.

As of September 2023, the company had a pan-India distribution network which included 50 branches and 63 warehouses.

Peer Comparison
●    Redington (India) Limited
 

For More Information:
Webstory on Rashi Peripherals IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 9454.27 9313.43 5925.04
EBITDA 267.61 305.21 215.22
PAT 123.34 182.51 136.35
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 2798.59 2670.15 1594.39
Share Capital 20.89 20.89 0.99
Total Borrowings 2100.33 2091.82 1197.38
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -114.55 -315.20 -109.75
Net cash from / (used in) investing activities -3.81 -6.44 -0.98
Net cash flow from / (used in) financing activities 107.83 337.50 134.43
Net increase (decrease) in cash and cash equivalents -10.53 15.86 23.69


Strengths

1.    The company is a leading and fastest-growing Indian distribution partner for information and communications technology products. 
2.    It has a Pan-India and multi-channel distribution.
3.    The company enjoys long-term relationships with the marquee global technology brands. 
4.    Diversified and comprehensive product portfolio and solutions.
5.    It has a scalable business model supported by an advanced technology stack.
6.    A strong financial and operational track record.
7.    Experienced Promoters and professional senior management team.
 

Risks

1.    The company is dependent on global technology brands effectively maintaining, promoting or developing their brands. 
2.    It has low gross margins.
3.    The business is subject to product liability claims.
4.    The company has reported negative cash flows.
5.    Its EBITDA Margin has been decreasing.
6.    Operates in a highly competitive industry. 
7.    The company has significant credit exposure to its Channel Partners and other customers, and negative trends in their businesses can impact the company. 
 

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FAQs

Rashi Peripherals IPO opens from 7th February to 9th February 2024.
 

The size of Rashi Peripherals IPO is ₹600.00 cr. 

To apply for Rashi Peripherals IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Rashi Peripherals IPO.  
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The GMP value of every IPO changes daily. To view today's GMP of Rashi Peripherals IPO visit https://www.5paisa.com/ipo/ipo-gmp 
 

The price band of Rashi Peripherals IPO is ₹ 295 to ₹ 311.

The minimum lot size of Rashi Peripherals IPO is 48 shares and investment required is Rs.14,160. 

The share allotment date of Rashi Peripherals IPO is 12th February 2024.

The Rashi Peripherals IPO will be listed on 14th February 2024.

JM Financial Limited and ICICI Securities Limited are the book-running lead managers for Rashi Peripherals IPO.

Rashi Peripherals Limited will use proceeds for:

●    To repay or prepay in full or part the borrowings obtained by the company 
●    To fund working capital requirements
●    General corporate purposes