₹ 14928 / 48 shares
IPO Details
RHP/DRHPIssue Date
07 Feb - 9 Feb'24
Investment/lot
₹ 14928
Price Range
295 - 311
Lot Size
48
IPO Size
₹ 600.00 Cr
IPO Listing Details
Listing On
14 Feb'24
Issue Price
311
Listed Price
₹ 339
Retail Gain/Listing Gain
â–²9.16%
IPO Timeline
Company Background
Rashi Peripherals is among the 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 (Source: Technopak Report).
The company offers end-to-end services such as pre-sale activities, solutions design, technical support, marketing services, credit solutions and warranty management services.
With that, let's take a look at the competitive strengths and risk factors for Rashi Peripherals Limited:
Competitive Strengths
Leading and fastest-growing Indian distribution partner for information and communications technology products.
The company’s revenue from operations grew at a CAGR of 26.32% from Rs. 59,250.48 million in Fiscal 2021, to Rs. 94,542.79 million in Fiscal 2023. It was Rs. 54,685.10 million in the six months ended September 30, 2023.
Pan-India and multi-channel distribution footprint backed by a dedicated in-house infrastructure.
As of September 30, 2023, the company had one of the largest ICT product distribution networks in India (Source: Technopak Report). It has branches in 50 cities that operate as sales and service centres and warehouses, covering 680 locations in 28 States and Union Territories in India through an ecosystem of 8,407 customers.
Long-term relationships with marquee global technology brands supported by a committed engagement strategy with customers.
The company maintains long-term relationships with several marquee global technology brands, from whom it procures ICT products supplied to customers. As of September 30, 2023, it served 52 global technology brands.
Rashi Peripherals IPO Review | Future strategies, net profits and more
Kotak Securities
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Risk Factors
- The company is dependent on various vendors, who are global technology brands, for the distribution of products.
- If the company is unable to maintain relationships with its channel partners or customers, the business may be adversely affected.
- The company’s gross margins are low, which magnifies the impact of variation in revenue, operating costs, bad debts and interest expense on the company’s operating results.
Key Strategies
- Increase wallet share with global technology brands for the existing portfolio.
- Diversify the product and solutions offerings and focus on emerging digitisation trends.
- Grow the portfolio of global technology brands.
Rashi Peripherals Ltd Key Financials
Here are the key financials for Rashi Peripherals Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
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How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Rashi Peripherals Ltd IPO?
Here are the steps to apply for Rashi Peripherals Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Rashi Peripherals Ltd IPO FAQs
When is Rashi Peripherals Ltd IPO listing date?
Rashi Peripherals Ltd will list on 2024-02-14.
What is the issue size of Rashi Peripherals Ltd IPO?
600.00 is the issue size of Rashi Peripherals Ltd IPO.
What is the minimum lot size required for Rashi Peripherals Ltd IPO?
The minimum lot size is 48 shares and the investment required is ₹14928.
What is the price band of the Rashi Peripherals Ltd IPO?
The price band of Rashi Peripherals Ltd IPO is ₹295 to ₹311.
Where can I read more about Rashi Peripherals Ltd business?
You can read more about Rashi Peripherals Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Rashi Peripherals Limited IPO?
The Rashi Peripherals Limited IPO has an issue size of Rs. 600 crores. The IPO opens for subscription on 7th February 2024 and closes on 9th February 2024.
Who is the Registrar for Rashi Peripherals Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Rashi Peripherals Limited’s business?
You may read more about Rashi Peripherals Limited and its IPO from the company’s red herring prospectus (RHP) here:
