Rashi Peripherals Limited IPO

Price
₹295 - ₹311
Lot
48
Subs.
62.95
Expected Listing Earning

Exp. Premium(GMP):
78.99(25.40%)
IPO Details

Open Date: 07-Feb-2024
Close Date: 09-Feb-2024
Allotment Date: 13-Feb-2024
Listing Date: 14-Feb-2024
Listing Price: N/A
Face Value: ₹5 Per Equity Share
Issue Price: ₹295-311 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹14,928 : S-HNI - ₹208,992 : B-HNI - ₹1,000,176
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved3,858,5212,893,8916,752,41113,504,823
Day 1 - 07-02-24 
05:00 PM
0.01x1.99x1.48x1.17x
Day 2 - 08-02-24
05:00 PM
0.75x6.23x3.70x3.40x
Day 3 - 09-02-24
05:00 PM
151.45x66.15x11.01x62.95x
Total No. of Application:935,721 (Approx.)
Retail Subscription on the basis of Apps:6.65x
Valuations

Earning Per Share(EPS)26.46/-
P/E Ratio11.75
RoNW17.60%
Net Asset Value (NAV) - Post Issue:167.56/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20234,058.645,473.2772.02
31 Mar,20232,798.609,468.95123.34
31 Mar,20222,669.769,321.92182.51
31 Mar,20211,594.395,930.24136.35
Promoter(s)

Pre Issue Share Holding89.65%
Post Issue Share Holding63.41%
Company Promoter(s)
1. Krishna Kumar Choudhary
2. Sureshkumar Pansari
3. Kapal Suresh Pansari
4. Keshav Krishna Kumar Choudhary
5. Chaman Pansari
6. Krishna Kumar Choudhary (HUF)
7. Suresh M Pansari HUF
Issue Objective(s)

The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects: 

  1. Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company;
  2. Funding working capital requirements of the Company; and
  3. General corporate purposes
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'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, 2022, Rashi Peripherals is the national distribution partner for 48 global technology brands.

 

Revenue from operations grew at a CAGR of 53.85% from ₹39,344.82M in Fiscal 2020 to ₹93,134.38M in Fiscal 2022. In H1 2022, revenue was ₹50,238.09M.

As of September 2022, the company has 50 branches, 50 service centers, and 62 warehouses across India, with 8657 Channel Partners spread across 730 locations.

As of September 30 2022, the company has 1,322 employees. Out of these, 501 are in the sales and marketing team while 58 are in technical support.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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