Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Wed, Feb 7, 2024 - Fri, Feb 9, 2024
Rashi Peripherals IPO is a book build issue of ₹600.00 crores. The issue is entirely a fresh issue of 1.93 crore shares of ₹600.00 crore.
Rashi Peripherals IPO bidding started from Feb 7, 2024 and ended on Feb 9, 2024. The allotment for Rashi Peripherals IPO was finalized on Feb 12, 2024. The shares got listed on BSE, NSE on Feb 14, 2024.
Rashi Peripherals IPO price band is set at ₹311 per share. The lot size for an application is 48. The minimum amount of investment required by an retail is ₹14,928 (48 shares) (based on upper price). The lot size investment for sNII is 14 lots (672 shares), amounting to ₹2,08,992, and for bNII, it is 67 lots (3,216 shares), amounting to ₹10,00,176.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Rashi Peripherals IPO RHP for detailed Information.
IPO Open
Wed, Feb 7, 2024
IPO Close
Fri, Feb 9, 2024
Issue Price
₹311 per share
Market Cap (Pre-IPO)
₹2,049.48 Cr
| IPO Date | 7 to 9 Feb, 2024 |
| Listed on | Wed, Feb 14, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹295 to ₹311 |
| Issue Price | ₹311 per share |
| Lot Size | 48 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,92,92,604 shares (agg. up to ₹600 Cr) |
| Fresh Issue | 1,92,92,604 shares (agg. up to ₹600 Cr) |
| Share Holding Pre Issue | 4,66,07,061 shares |
| Share Holding Post Issue | 6,58,99,665 shares |
| BSE Script Code / NSE Symbol | 544119 / RPTECH |
| ISIN | INE0J1F01024 |
Rashi Peripherals IPO offers total 1,92,92,604 shares. Out of which 96,46,301 (50.00%) allocated to QIB, 38,58,521 (20.00%) allocated to QIB (Ex- Anchor), 28,93,891 (15.00%) allocated to NII 67,52,412 (35.00%) allocated to RII and 57,87,780 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 96,46,301 (50.00%) | NA |
| − Anchor Investor Shares Offered | 57,87,780 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 38,58,521 (20.00%) | NA |
| NII (HNI) Shares Offered | 28,93,891 (15.00%) | NA |
| − bNII > ₹10L | 19,29,260 (10.00%) | 2,870 |
| − sNII < ₹10L | 9,64,631 (5.00%) | 1,435 |
| Retail Shares Offered | 67,52,412 (35.00%) | 1,40,675 |
| Total Shares Offered | 1,92,92,604 (100.00%) |
Investors can bid for a minimum of 48 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 48 | ₹14,928 |
| Retail (Max) | 13 | 624 | ₹1,94,064 |
| S-HNI (Min) | 14 | 672 | ₹2,08,992 |
| S-HNI (Max) | 66 | 3,168 | ₹9,85,248 |
| B-HNI (Min) | 67 | 3,216 | ₹10,00,176 |
Rashi Peripherals IPO raises ₹180.00 crore from anchor investors. Rashi Peripherals IPO Anchor bid date is February 6, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Feb 6, 2024 |
| Shares Offered | 57,87,780 |
| Anchor Portion (₹ Cr.) | 180.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Mar 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, May 12, 2024 |
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 has two business verticals:
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, 2023, Rashi Peripherals is the national distributor for 52 global technology brands and has 50 branches, and 63 warehouses across India, with 8657 distributors across 680 locations in 28 States and Union Territories in India.
As at September 30, 2023, the company had 1,433 employees, including 549 employees in the sales and marketing team and 64 employees in the technical support team.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 4,058.64 | 2,798.60 | 2,669.76 | 1,594.39 |
| Total Income | 5,473.27 | 9,468.95 | 9,321.92 | 5,930.24 |
| Profit After Tax | 72.02 | 123.34 | 182.51 | 136.35 |
| NET Worth | 772.74 | 700.12 | 575.07 | 394.19 |
| Reserves and Surplus | 686.24 | 760.36 | 557.84 | 395.99 |
| Total Borrowing | 1,395.20 | 1,065.76 | 881.74 | 488.99 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company | 326.00 |
| 2 | Funding working capital requirements of the Company | 220.00 |
| 3 | General corporate purpose | 8.14 |
| KPI | |
|---|---|
| ROE | 19.33% |
| ROCE | 14.21% |
| Debt/Equity | 1.53 |
| RoNW | 17.60% |
| PAT Margin | 1.30% |
| Price to Book Value | 1.86 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 26.46 | 21.86 |
| P/E (x) | 11.75 | 14.23 |
| Promoter Holding | 89.65% | 63.41% |
| Market Cap | ₹2,049.48 Cr. |
The Rashi Peripherals IPO is subscribed 62.95 times on February 9, 2024 5:59:00 PM (Day 3). The public issue subscribed 11.01 times in the retail category, 151.45 times in the QIB category, and 66.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 151.45 | 38,58,521 | 58,43,90,736 |
| NII | 66.15 | 28,93,891 | 19,14,43,488 |
| bNII (bids above ₹10L) | 74.51 | 19,29,260 | 14,37,48,672 |
| sNII (bids below ₹10L) | 50.38 | 9,46,631 | 4,76,94,816 |
| Retail | 11.01 | 67,52,411 | 7,43,27,712 |
| Total | 62.95 | 1,35,04,823 | 85,01,61,936 |
Total Application : 9,35,721
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions | 19.47 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 2.52 |
| 3 | Advertising and marketing expenses for the Offer | 4.26 |
| 4 | Other expenses (Listing fees, SEBI filing fees, BSE & NSE processing fees, book building software fees, upload fees and other regulatory expenses; Printing and stationery expenses; Fees payable to the Registrar to the Offer; Fees payable to the legal counsel; Miscellaneous) | 19.61 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹311.00 | ₹311.00 |
| Open | ₹335.00 | ₹339.50 |
| Low | ₹317.80 | ₹318.00 |
| High | ₹342.50 | ₹342.70 |
| Last Trade | ₹320.55 | ₹321.50 |
Lead Manager Reports
Rashi Peripherals IPO is a main-board IPO of 1,92,92,604 equity shares of the face value of ₹5 aggregating up to ₹600 Crores. The issue is priced at ₹311 per share. The minimum order quantity is 48.
The IPO opens on Wed, Feb 7, 2024, and closes on Fri, Feb 9, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rashi Peripherals IPO using UPI as a payment gateway. Zerodha customers can apply in Rashi Peripherals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rashi Peripherals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rashi Peripherals IPO opens on Wed, Feb 7, 2024 and closes on Fri, Feb 9, 2024.
Rashi Peripherals IPO lot size is 48, and the minimum amount required for application is ₹14,928.
You can apply in Rashi Peripherals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rashi Peripherals IPO will be done on Monday, February 12, 2024, and the allotted shares will be credited to your demat account by Tue, Feb 13, 2024. Check the Rashi Peripherals IPO allotment status.
The Rashi Peripherals IPO listing date is on Wed, Feb 14, 2024.
