Rashi Peripherals Limited IPO Opens On February 07. Check IPO Details Issue Date Price

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Rashi Peripherals Limited IPO Opens On February 07. Check IPO Details Issue Date Price

February 07, 2024
Rashi Peripherals Limited IPO Opens On February 07. Check IPO Details Issue Date Price

Rashi Peripherals Ltd is coming out with a public issue to raise Rs 600 crores from the market.

Below are the details of the Rashi Peripherals Limited IPO:

  • Issue opens – February 07 (Wednesday)
  • Issue closes – February 09 (Friday)
  • Issue size – Rs 600 crores
  • Price band – Rs 295 to 311 per equity share
  • Bid lot – 48 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • Rashi Peripheral Limited (“RPL”) was incorporated on March 15, 1989. RPL is among the leading value-added national distribution partners for global technology brands in India for information and communications technology (“ICT”) products. RPL has expanded their distribution network across India and as of September 30, 2023, had one of the largest ICT products distribution networks in India.
  • RPL primarily operate the following 2 business verticals:Personal Computing, Enterprises and Cloud Solutions (“PES”): Under this vertical the company distributes personal computing devices, enterprise solutions, embedded designs/ products and cloud computing and Lifestyle and IT essentials (“LIT”): This includes the distribution of products.
  • The company distributes their products primarily through the General Trade, Modern Trade and E-Commerce.
  • Company’s pan-India distribution network comprises 50 branches that operate for sales and as service centres and 63 warehouses, through which they are able to cover 680 locations in India, as of September 30, 2023.
  • As of September 30, 2023, they were a national distribution partner for 52 global technology brands that include ASUS Global Pte. Ltd., Dell International Services India Pvt Ltd, HP India Sales Pvt Ltd, Lenovo India Pvt Ltd, Logitech Asia Pacific Ltd, NVIDIA Corporation, Intel Americas, Inc., Western Digital (UK) Ltd, Schneider Electric IT business India Pvt Ltd, Eaton Power Quality Pvt Ltd, ECS Industrial Computer Co., Ltd., Belkin Asia Pacific Ltd, TPV Technology India Pvt Ltd., LG Electronics India Pvt. Ltd. and Toshiba Electronic Components Taiwan Corporation.
  • Their revenue from operations grew at a CAGR of 26.32% from Rs. 5,925.05 crore in Fiscal 2021 to Rs. 9,454.28 crore in Fiscal 2023 and was Rs. 5,468.51 crore in the 6 months ended September 30, 2023.

Issue Size: Rs. 600 crores

Issue Break-up:

QIB – 50% of the offer – Rs 300.00 crores

NIB – 15% of the offer – Rs 90.00 crores

RET – 35% of the offer – Rs 210.00 crores

Listing: BSE and NSE

Registrar: Link Intime India Pvt Ltd

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Friday, February 09, 2024

Not an Espresso customer, but still want to apply for the IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

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