Rashi Peripherals Limited IPO
- IPO Date07 Feb, 2024 to 09 Feb, 2024
- Listing Date14 Feb, 2024
- Face Value₹5 per share
- Issue Price₹295 to ₹311 per share
- Lot Size48 Shares
- Minimum Investment₹14,928
- Listing AtBSE, NSE
- Total Issue Size1,92,92,604 Shares
(aggregating up to ₹600.00 Cr) - Fresh Issue1,92,92,604 Shares
(aggregating up to ₹600.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue4,66,07,061
- Shareholding post issue6,58,99,665
IPO Dates
Closing Date
09 Feb, 2024
Initiation of Refunds
13 Feb, 2024
Listing Date
14 Feb, 2024
07 Feb, 2024
Opening Date
12 Feb, 2024
Basis of Allotment
13 Feb, 2024
Credit of Shares
Rashi Peripherals Limited Lot Size
Investors can bid for a minimum of 48 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 66 | 3168 | ₹9,85,248 |
| S-HNI (Min) | 14 | 672 | ₹2,08,992 |
| Retail (Min) | 1 | 48 | ₹14,928 |
| B-HNI (Min) | 67 | 3216 | ₹10,00,176 |
| Retail (Max) | 13 | 624 | ₹1,94,064 |
Rashi Peripherals Limited Promoter Holding
The promoters of the company are Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 89.65% | 63.41% |
Rashi Peripherals Limited COMPANY INFORMATION
Rashi Peripherals IPO is a book built issue of Rs 600.00 crores. The issue is entirely a fresh issue of 1.93 crore shares. Rashi Peripherals IPO bidding started from February 7, 2024 and ended on February 9, 2024. The allotment for Rashi Peripherals IPO was finalized on Monday, February 12, 2024. The shares got listed on BSE, NSE on February 14, 2024. Rashi Peripherals IPO price band is set at ₹295 to ₹311 per share. The minimum lot size for an application is 48 Shares. The minimum amount of investment required by retail investors is ₹14,928. The minimum lot size investment for sNII is 14 lots (672 shares), amounting to ₹208,992, and for bNII, it is 67 lots (3,216 shares), amounting to ₹1,000,176. Jm Financial Limited and ICICI Securities Limited are the book running lead managers of the Rashi Peripherals IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Rashi Peripherals IPO RHP for detailed information.
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:
- Personal computing, enterprise and cloud solutions (PES): This includes personal computing devices, enterprise solutions, embedded designs/products and cloud computing.
- Lifestyle and IT essentials (LIT): This includes the distribution of products such as (i) components such as graphics cards, central processing units (CPUs) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power devices such as UPS and inverters; and (v) networking and mobility devices.
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.
FAQs About Rashi Peripherals Limited Ipo
Rashi Peripherals Limited IPO will open on 07 Feb, 2024 and close on 09 Feb, 2024. Investors must apply within this period to participate.
The Rashi Peripherals Limited IPO price band is set between ₹295.00 and ₹311.00 per share. The minimum lot size is 48, requiring an investment of at least ₹14928.00.
The Rashi Peripherals Limited IPO shares are expected to be listed on 14 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Rashi Peripherals Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rashi Peripherals Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.