Rashi Peripherals Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 7 to FEB 9, 2024
Price Band
₹295-311
Current GMP
₹339.5 (9.16%)
Subscription
62.95 times
IPO Details
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | Wednesday, 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 |
IPO Date
February 7, 2024 to February 9, 2024
Listing Date
Wednesday, 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
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 151.45 |
| Non-Institutional Buyers | 66.15 |
| bNII (bids above ₹10L) | 74.51 |
| sNII (bids below ₹10L) | 50.38 |
| Retail Investors | 11.01 |
| Total ** | 62.95 |
Anchor Investors
1
Qualified Institutions
151.45
Non-Institutional Buyers
66.15
bNII (bids above ₹10L)
74.51
sNII (bids below ₹10L)
50.38
Retail Investors
11.01
Total **
62.95
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 7, 2024 | 0.01 | 1.99 | 1.48 | 1.17 |
| Day 2 Feb 8, 2024 | 0.75 | 6.23 | 3.70 | 3.40 |
| Day 3 Feb 9, 2024 | 151.45 | 66.15 | 11.01 | 62.95 |
DayDay 1
Feb 7, 2024
QIB0.01
NII1.99
Retail1.48
Total1.17
DayDay 2
Feb 8, 2024
QIB0.75
NII6.23
Retail3.70
Total3.40
DayDay 3
Feb 9, 2024
QIB151.45
NII66.15
Retail11.01
Total62.95
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 14-02-2024 | 311.00 | 43 (13.83%) | 354 |
| 13-02-2024 | 311.00 | 43 (13.83%) | 354 |
| 12-02-2024 | 311.00 | 61 (19.61%) | 372 |
| 11-02-2024 | 311.00 | 75 (24.12%) | 386 |
| 10-02-2024 | 311.00 | 83 (26.69%) | 394 |
| 09-02-2024 | 311.00 | 83 (26.69%) | 394 |
| 08-02-2024 | 311.00 | 75 (24.12%) | 386 |
| 07-02-2024 | 311.00 | 85 (27.33%) | 396 |
| 06-02-2024 | 311.00 | 79 (25.4%) | 390 |
| 05-02-2024 | 311.00 | 70 (22.51%) | 381 |
| 04-02-2024 | 311.00 | 85 (27.33%) | 396 |
| 03-02-2024 | 311.00 | 85 (27.33%) | 396 |
| 02-02-2024 | 311.00 | 63 (20.26%) | 374 |
| 01-02-2024 | NA | 25 (%) | 25 |
Date14-02-2024
Price311.00
GMP43 (13.83%)
Estimate List Price354
Date13-02-2024
Price311.00
GMP43 (13.83%)
Estimate List Price354
Date12-02-2024
Price311.00
GMP61 (19.61%)
Estimate List Price372
Date11-02-2024
Price311.00
GMP75 (24.12%)
Estimate List Price386
Date10-02-2024
Price311.00
GMP83 (26.69%)
Estimate List Price394
Date09-02-2024
Price311.00
GMP83 (26.69%)
Estimate List Price394
Date08-02-2024
Price311.00
GMP75 (24.12%)
Estimate List Price386
Date07-02-2024
Price311.00
GMP85 (27.33%)
Estimate List Price396
Date06-02-2024
Price311.00
GMP79 (25.4%)
Estimate List Price390
Date05-02-2024
Price311.00
GMP70 (22.51%)
Estimate List Price381
Date04-02-2024
Price311.00
GMP85 (27.33%)
Estimate List Price396
Date03-02-2024
Price311.00
GMP85 (27.33%)
Estimate List Price396
Date02-02-2024
Price311.00
GMP63 (20.26%)
Estimate List Price374
Date01-02-2024
PriceNA
GMP25 (%)
Estimate List Price25
IPO Important Dates
| 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 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
| 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 |
ApplicationRetail (Min)
Lots1
Shares48
Amount₹14,928
ApplicationRetail (Max)
Lots13
Shares624
Amount₹194,064
ApplicationS-HNI (Min)
Lots14
Shares672
Amount₹208,992
ApplicationS-HNI (Max)
Lots66
Shares3,168
Amount₹985,248
ApplicationB-HNI (Min)
Lots67
Shares3,216
Amount₹1,000,176
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,058.64 | 2,798.60 | 2,669.76 |
| Revenue | 5,473.27 | 9,468.95 | 9,321.92 |
| Profit After Tax | 72.02 | 123.34 | 182.51 |
| Net Worth | 772.74 | 700.12 | 575.07 |
| Reserves and Surplus | 686.24 | 760.36 | 557.84 |
| Total Borrowing | 1,395.20 | 1,065.76 | 881.74 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20234,058.64
31 Mar 20232,798.60
31 Mar 20222,669.76
Period EndedRevenue
30 Sep 20235,473.27
31 Mar 20239,468.95
31 Mar 20229,321.92
Period EndedProfit After Tax
30 Sep 202372.02
31 Mar 2023123.34
31 Mar 2022182.51
Period EndedNet Worth
30 Sep 2023772.74
31 Mar 2023700.12
31 Mar 2022575.07
Period EndedReserves and Surplus
30 Sep 2023686.24
31 Mar 2023760.36
31 Mar 2022557.84
Period EndedTotal Borrowing
30 Sep 20231,395.20
31 Mar 20231,065.76
31 Mar 2022881.74
Key Performance Indicator
| ROE | 19.33% |
| ROCE | 14.21% |
| Debt/Equity | 1.53 |
| RoNW | 17.60% |
| P/BV | 1.86 |
| EPS (Rs) | 26.46 |
ROE
19.33%
ROCE
14.21%
Debt/Equity
1.53
RoNW
17.60%
P/BV
1.86
EPS (Rs)
26.46
IPO Reservation
| 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%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered5,787,780 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered3,858,521 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered2,893,891 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,929,260 (10.00%)
Maximum Allottees2,870
Investor CategorysNII < ₹10L
Shares Offered946,631 (4.91%)
Maximum Allottees1,408
Investor CategoryRetail Shares Offered
Shares Offered6,752,411 (35.00%)
Maximum Allottees140,675
Investor CategoryTotal Shares Offered
Shares Offered19,292,603 (100%)
Maximum Allottees
Information about company
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:
Personal computing, enterprise and cloud solutions (PES): This includes personal computing devices, enterprise solutions, embedded designs/products and cloud computing.
Lifestyle and IT essentials (LIT): This includes the distribution of products such as (i) components such as graphics cards, central processing units (CPUs) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power devices such as UPS and inverters; and (v) networking and mobility devices.
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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