Last Updated on February 8, 2024 by ethinos
On 18th January 2023, Rashi Peripherals Ltd filed a DRHP with the Securities and Exchange Board of India (SEBI) to launch its IPO. It is one of India’s leading information and communications technology (ICT) product distribution partners for international technology brands.
Tentative dates for the Rashi Peripherals Ltd IPO have been released as the company has received the green signal from SEBI and announced its IPO launch. So, now is the right time to know about the company and its upcoming public offer to make an informed investment choice.
Rashi Peripherals recently announced its intention to go public on February 7, 2024. The price bands and minimum lot sizes for investors have also been declared.
Keep reading this blog to learn more!
Also Read: How To Apply For An IPO?
Table of Content
Rashi Peripherals IPO Details
The table below displays some of the crucial details regarding the upcoming Rashi Peripherals Limited IPO.
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Face Value | Rs. 5 per share |
| Price Band | Rs. 295 to Rs. 311 per share |
| Minimum Lot Size | 48 shares (for retail investors) |
| Total Issue Size | 1,92,92,604 shares (Aggregating up to worth Rs. 600 crore) |
| Fresh Issue | 1,92,92,604 shares (Aggregating up to worth Rs. 600 crore) |
| Issue Type | Book Built Issue IPO |
| Listed on | BSE and NSE |
About Rashi Peripherals Ltd
Operational since 1989, Rashi Peripherals Ltd has over 33 years of experience functioning as an ICT products distributor in India. The company started its journey with the manufacturing of computer peripherals. However, after the Indian IT sector’s liberalisation in 1991, it transitioned to becoming a distributor of ICT products for global technology brands.
Over the years, Rashi Peripherals has become one of the fastest-growing ICT product distribution companies in India. The company operates in two business verticals. Among them, one is Personal Computing, Enterprise and Cloud Solutions (PES), which includes PCs, cloud computing, embedded designs/products and enterprise solutions.
The other one is Lifestyle and IT Essentials (LIT), under which fall CPUs, motherboards, memory devices and accessories like keyboards, mice, etc.
Rashi Peripherals IPO Tentative Timeline
The table below highlights the important dates that you must know to invest in the upcoming Rashi Peripherals Limited IPO.
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Cut-off Time for UPI Mandate Confirmation | 5 pm, February 9, 2024 |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
Rashi Peripherals IPO Lot Size
Rashi Peripheral Ltd. announced a minimum lot size of 48 shares in 1 lot. The table below will take you through the minimum and maximum lot sizes for retail investors and HNIs.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 48 | Rs. 14,928 |
| Retail (Max) | 13 | 624 | Rs. 1,94,064 |
| S-HNI (Min) | 14 | 672 | Rs. 2,08,992 |
| S-HNI (Max) | 66 | 3168 | Rs. 9,85,248 |
| B-HNI (Min) | 67 | 3216 | Rs. 10,00,176 |
Company Financials
Take a look at the financial metrics of Rashi Peripherals Ltd. for a clear knowledge of this company’s IPO.
| Particulars | For the Financial Year Ending (in Rupees Million*) | ||
| 31 March 2022 | 31 March 2021 | 31 March 2020 | |
| Total Assets | 26,697.57 | 15,943.90 | 10,849.12 |
| Total Liabilities | 20,148.21 | 11,189.50 | 7,984.86 |
| Total Income | 93,219.21 | 59,302.40 | 39,421.41 |
| Total Expense | 90,820.74 | 57,513.72 | 38,910.84 |
| Profit After Tax | 1,825.11 | 1,363.50 | 382.31 |
| EBITDA | 3,052.17 | 2,152.27 | 938.53 |
Strengths
If you are thinking of investing in the public issue of Rashi Peripherals Pvt Ltd, you need to assess both its strengths and weaknesses. The company’s strengths are listed below:
- One of the largest distributors of ICT products for numerous international tech companies in India
- Presence of sales and service centres in 50 cities and warehouses in 730 locations across 28 states and union territories
- Multi-channel distribution systems that help the company serve Tier 2 and 3 cities across India
- Long-standing relationship with numerous marquee international technology brands
- A vast product portfolio that is constantly updated by the company to cater to the upcoming digital trends
- Advanced technology stack which enables Rashi Peripherals to scale its operations as per market conditions
- Restated profit after tax increased from Rs. 38.231 crore in 2020 to Rs. 182.511 crore in 2022. This shows the company’s potential to generate consistent profits.
Also Read: How Can You Analyse An IPO?
Risks
Below are the risks of investing in the Rashi Peripherals Ltd IPO:
- Any disruptions in supply from the company’s global technology partners can affect its operations and profitability.
- A fall in the reputation of its technology partners will also impact its business.
- Failing to maintain relationships with online e-commerce marketplaces, termination of contracts or distribution rights and product liability claims can lead to heavy losses.
Also Read: Risk of investing in IPO
Conclusion
While you wait for the Rashi Peripherals Ltd IPO to be open for subscription, consider researching more about the company from our website. Additionally, you can open a Demat and trading account with us to ensure that you can invest as soon as the IPO goes live.
Frequently Asked Questions
The bid opening and closing dates for the Rashi Peripherals IPO are February 7, 2024 and February 9, 2024, respectively. Please check after some time for any new updates.
The statutory auditors of Rashi Peripherals Ltd are Deloitte Haskins & Sells LLP and Pipara & Co. LLP.
The group companies under Rashi Peripherals are Unique Compusoft Private Limited, Elmack Engg Services Private Limited, Rotary Royales Foundation, CEEPEE Pharma Private Limited, Technology Distribution Association of India, Choudhary Chemical Industries Private Limited and Sanwaria Texpro Private Limited.
Rashi Peripherals Limited is planning to offer a minimum of 48 shares in one lot in its upcoming IPO. The price band for this company’s IPO is Rs. 295 to Rs. 311 per share.
Between FY 2020 and 2022, this company’s profit after tax rose from Rs. 382.31 million to Rs. 1,825.11 million while its profit margin grew from 0.97% to 1.96%. Its pan-Indian presence and long-term relationships with foreign technology brands ensure steady profit growth.
