Rashi Peripherals IPO will open for subscription from 07 February 2024. The company aims for an issue size of ₹600 Cr through this IPO.
Company Overview
| Full name | Rashi Peripherals Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.rptechindia.com/ |
About Company
Since 1989, Rashi Peripherals has been a powerhouse distributing global tech brands in India, specializing in cutting-edge Information and Communication Technology (ICT) products. The company extends its service portfolio to encompass valuable additions like pre-sales activities, solution design, technical support, marketing services, credit solutions, and warranty management services. As of 30 September 2023, the company’s pan-India distribution network spans 50 branches functioning as both sales and service centers, complemented by 63 warehouses. This extensive network allows the company to reach, and 8,402 Channel Partners serve 680 locations across India.
The company operates primarily in two distinct verticals: Personal Computing, Enterprise, and Cloud Solutions (PES), along with Lifestyle and IT Essentials (LIT). It serves as the conduit for the distribution of ICT products from 48 global technology brands in India. As of 30 September 2023, the company boasts a workforce of 1,433 employees. Among them, 549 are dedicated to the sales and marketing team, while 64 are committed to providing technical support.
The Objectives of the Issue
- Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General corporate purposes
Rashi Peripherals IPO Timetable
| IPO Opening date | 07 February 2024 |
| IPO Closing | 09 February 2024 |
| Basis of Allotment | 12 February 2024 |
| Initiation Refund | 13 February 2024 |
| Credit to Demat Account | 13 February 2024 |
| Listing Date | 14 February 2024 |
Rashi Peripherals IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹600 Cr – 19,292,604 shares |
| Fresh Issue | ₹600 Cr – 19,292,604 shares |
| Offer for sale | Nil |
| Face value | ₹05 per share |
| Price Band | ₹295 to ₹311 per share |
| Lot size | 48 Shares |
| Shareholding pre-issue | 46,607,061 |
| Shareholding post-issue | 65,899,665 |
| Listing Exchange | BSE & NSE |
Rashi Peripherals IPO Lot Size
| 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 |
Rashi Peripherals IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 5,787,780 (30.00%) |
| QIB Shares Offered | 3,858,521 (20.00%) |
| NII (HNI) Shares Offered | 2,893,891 (15.00%) |
| bNII > ₹10L | 1,929,260 (10.00%) |
| sNII < ₹10L | 946,631 (4.91%) |
| Retail Shares Offered | 6,752,411 (35.00%) |
| Total Shares Offered | 19,292,603 (100%) |
Rashi Peripherals Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 3,934.48 | 5,925.05 | 9,313.44 | 9,454.28 | 5,468.51 |
| Expenses | 3,891.09 | 5,751.37 | 9,082.07 | 9,304.32 | 5,370.66 |
| Net income | 38.23 | 136.35 | 182.51 | 123.34 | 72.02 |
| Margin (%) | 0.97 | 2.30 | 1.96 | 1.30 | 1.32 |
Rashi Peripherals Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| EPS | 9.48 | 31.20 | 43.57 | 29.50 |
| PE ratio | – | – | – | 10.00 – 10.54 |
| RONW (%) | 15.07 | 33.07 | 31.66 | 17.60 |
| NAV | 62.88 | 94.34 | 137.63 | 167.56 |
| ROCE (%) | 14.58 | 23.46 | 20.13 | 14.21 |
| EBITDA (%) | 2.39 | 3.63 | 3.28 | 2.83 |
| Debt/Equity | 1.25 | 1.23 | 1.52 | 1.53 |
Company Promoters
- Krishna Kumar Choudhary
- Sureshkumar Pansari
- Kapal Suresh Pansari
- Keshav Krishna Kumar Choudhary
- Chaman Pansari
- Krishna Kumar Choudhary (HUF)
- Suresh M Pansari HUF
Promoter Holding
| Pre Issue Share Holding | 89.65% |
| Post Issue Share Holding | 63.41% |
Rashi Peripherals IPO Lead Manager(s)
- JM Financial Limited
- ICICI Securities Limited
Rashi Peripherals Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: rptechindia.ipo@linkintime.co.in
Website: www.linkintime.co.in
Rashi Peripherals Contact Details
RASHI PERIPHERALS LIMITED
Ariisto House, 5th Floor, Corner of Telli Galli,
Andheri (E), Mumbai 400 069, Maharashtra, India
Phone: +91 22 6177 1771/72
Email: investors@rptechindia.com
Website: www.rptechindia.com
Rashi Peripherals IPO Allotment Status
Rashi Peripherals IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Rashi Peripherals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
