Rashi Peripherals IPO, Allotment Complete details

Rashi Peripherals IPO Details:Rashi Peripherals Limited plans to issue shares totalling Rs. 1500 crore through an offer for sale and fresh issue Rs. 750 crore of this would go directly towards fresh issues while an offer for sale of another 750 crore will offer shares to retail investors, 50% will go toward qualifying Institutional Buyers (QIB), while 15% would go towards High Net Worth Individuals.

Rashi Peripherals IPO Complete details

About Rashi Peripherals

Rashi Peripherals is a national distribution partner for a global technology brands. Its work include pre-sales activities, solutions design, technical support, marketing services, credit solutions and warranty management services. The company distributes ICT products through its pan-India network of 50 branches that operate as sales and service centers and 62 warehouses serving 730 locations in India.

Rashi Peripherals goes beyond simply distribution by offering value-added services that go well beyond simple product demos: from pre-sale support such as product demos and technical consultations through technical consultation and training to full pre and post sales service packages for partners.

Technical Support: Resolving customer issues and offering troubleshooting assistance. Marketing Services: Working alongside Partners on promotional campaigns and branding initiatives. Credit Solutions: Offering financial support to partners for smooth transactions.

Warranty management services: efficiently handling claims and repairs covered under warranty policies.

Rashi Peripherals Pro and Cons:

Financial PerformanceStrong revenue growth, profitability, and cash flowLimited historical data, potential impact of economic slowdown
Market Reach and NetworkExtensive pan-India network, strong channel partner relationshipsLimited international presence, potential reliance on traditional channels
Value-Added ServicesPre-sales support, technical assistance, marketing collaboration, credit solutions, warranty managementMay add complexity to operations, potential dependence on specific services
Product PortfolioDiverse range of ICT products from leading global brandsReliant on partner strategies, potential fluctuations in product demand
Team and ExpertiseExperienced and dedicated workforce, strong sales and marketing teamRequires constant talent acquisition and training, potential competition for skilled personnel
OverallPromising financial outlook, strong market position, value-added servicesLimited international exposure, adaptation to online trends, competitive landscape

Objects of the Issue

  • Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by our Company
  • Funding working capital requirements of our Company.
  • General corporate purposes

Rashi Peripherals IPO Important Dates:

Anchor Investors AllotmentFebruary 6, 2024
IPO Open DateFebruary 7, 2024
IPO Close DateFebruary 9, 2024
Basis of AllotmentFebruary 12, 2024
RefundsFebruary 13, 2024
Credit to Demat AccountFebruary 13, 2024
IPO Listing DateFebruary 14, 2024

Rashi Peripherals IPO Date and Price Band Details:

IPO Open DateFebruary 7, 2024
IPO Close DateFebruary 9, 2024
IPO SizeApprox. ₹ [.] Crores
Fresh IssueApprox. ₹ [.] Crores
Offer for SaleApprox. ₹ [.] Crores
Face Value per Equity Share₹ 5
IPO Price Band₹ [.] to ₹ [.] per Share
Listing onBSE & NSE
Retail Quota35%
QIB Quota50%
NII Quota15%
DRHP Draft ProspectusClick Here

Rashi Peripherals Financial Data:

Financial MetricFY 2020-21FY 2021-22Growth Rate
RevenueRs. 5,869.29 CrRs. 9,168.92 Cr56.2%
Profit Before Tax (PBT)Rs. 16,457.43 CrRs. 24,138.24 Cr46.6%
Profit After Tax (PAT)Rs. 12,179.87 CrRs. 17,970.83 Cr47.9%

Rashi Peripherals Company Address:

Peer GroupRedington India Limited
Company PromotersKrishna Kumar Choudhary
Sureshkumar Pansari
Kapal Suresh Pansari
Keshav Krishna Kumar Choudhary
Chaman Pansari
Krishna Kumar Choudhary (HUF)
Suresh M Pansari HUF
Rashi Peripherals IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Rashi Peripherals IPO Allotment Status CheckCheck Rashi Peripherals IPO allotment status on Linkintime website allotment URL. Click Here
Rashi Peripherals IPO Lead ManagersJM Financial Limited
ICICI Securities Limited
Company AddressRashi Peripherals Limited
Ariisto House, 5th Floor
Corner of Telli Galli
Andheri (E), Mumbai 400 069, Maharashtra, India
Tel: +91 22 6177 1771/72
Email: [email protected]
Website: www.rptechindia.com

frequently asked question by investor:

When Rashi Peripherals IPO will open?

The Initial Public Offering will go on sale to QIB, NII and retail investors on February 7, 2024.

What is Rashi Peripherals IPO Investors Portion?

QIB investors’ portion is 50%; National Infrastructure Initiative 15% and Retail 35%.

What is Rashi Peripherals IPO Size?

Rashi Peripherals’ Initial Public Offering will raise Rs[.] crores.

What is Rashi Peripherals IPO Price Band?

Rashi Peripherals IPO Price Band Is Rs[.].

What is the Rashi Peripherals IPO Allotment Date?

Rashi Peripherals’ Initial Public Offering allotment date has been scheduled for February 12, 2024.

What is the Rashi Peripherals IPO Listing Date?

Rashi Peripherals will launch their Initial Public Offering (IPO) on February 14, 2024 on both BSE and NSE exchanges.

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