Rashi Peripherals Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹295 - ₹311
- Lot size
- 48 shares
- Issue amount
- ₹600 cr
- Total subscription
- 62.95×
- Opens
- 7 Feb 2024
- Closes
- 9 Feb 2024
- Allotment
- 12 Feb 2024
- Listing
- 14 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 1,92,92,604 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,160
- Fresh issue
- ₹600 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,928
- Issue type
- Book Built Issue IPO
- Shares before issue
- 4,66,07,061
- Shares after issue
- 6,58,99,665
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 48 | ₹14,928 |
| sHNI | 14 | 672 | ₹2,08,992 |
| bHNI | 67 | 3,216 | ₹10,00,176 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 120 | 18,174.55 |
| RETAIL | 210 | 2,311.59 |
| HNIs 2+ | 30 | 1,483.31 |
| HNIs 10+ | 60 | 4,470.58 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|
| EPS | 29.5 | 43.57 | 31.2 |
| ROE | 19.33 | 37.56 | 39.69 |
| ROCE | 14.21 | 20.13 | 23.46 |
| RONW | 17.6 | 31.66 | 33.07 |
| PRE IPO(PE) | 11.75 | 0 | 0 |
| POST IPO(PE) | 9.92 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Rashi Peripherals Limited is a major Indian distributor of global technology brands, providing a wide range of ICT products along with value-added services such as pre-sales support, technical help, marketing assistance, credit facilities, and warranty management. The company partners with leading brands like ASUS, Dell, HP, Lenovo, Logitech, NVIDIA, Intel, Western Digital, Schneider Electric, Eaton, LG, and Toshiba, and as of September 30, 2022, it served as the national distributor for 48 global brands. Its revenue has grown rapidly, rising from ₹39,344.82M in Fiscal 2020 to ₹93,134.38M in Fiscal 2022, with ₹50,238.09M recorded in the first half of 2022. With a strong national footprint of 50 branches, 50 service centers, 62 warehouses, and 8,657 channel partners across 730 locations, the company maintains a wide and efficient distribution network. As of September 30, 2022, Rashi Peripherals employed 1,322 people, including dedicated sales, marketing, and technical support teams that contribute to its nationwide reach and customer service.
Strengths
- Strong Nationwide Presence: With a Pan-India network and multi-channel distribution , the company ensures broad market reach and accessibility.
- Leading ICT Distributor: Recognized as a fast-growing and prominent distribution partner for Information and Communication Technology (ICT) products in India.
- Diverse Product Portfolio: Offers a wide range of products and solutions , catering to various customer needs and preferences.
- Trusted Industry Partnerships: Long-standing relationships with top global technology brands showcase the company’s credibility and reliability.
- Stable & Scalable Operations: A strong financial and operational track record reflects stability, while its scalable business model and advanced technology infrastructure support efficiency and growth.
- Experienced Leadership: Backed by seasoned promoters and a skilled senior management team , ensuring strategic decision-making and operational excellence.
Risk factors
- Low Gross Margins: Maintaining profitability can be challenging, requiring effective cost management strategies .
- Negative Cash Flows: Difficulty in generating operational cash may impact liquidity and financial stability .
- Brand Dependency Risks: Reliance on global technology brands exposes the company to potential changes in brand strategies and market shifts.
- Competitive Industry Challenges: Operating in a highly competitive market increases risks like pricing pressures, market share loss, and technological obsolescence , demanding constant adaptation and innovation .
- Declining EBITDA Margins: Profitability pressures highlight the need for enhanced operational efficiency and cost optimization .
Promoters
Krishna Kumar Choudhary
Sureshkumar Pansari
Kapal Suresh Pansari
Keshav Krishna Kumar Choudhary
Chaman Pansari
Krishna Kumar Choudhary (HUF)
Suresh M Pansari HUF
Registrar & documents
Lead manager
Jm Financial Limited, ICICI Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Ariisto House, 5th Floor, Corner of Telli Gall, Andheri (E), Mumbai 400 069
+91 22 6177 1771/72
[email protected]Company website ↗Understanding RPTECH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.