Rashi Peripherals Limited

CLOSED

IPO Date: 7 Feb - 9 Feb 2024

Listing Date: 14 Feb 2024

Price Range

₹295 to ₹311 per share

Issue Size

600 Cr

Min Investment

14,160

Lot Size

48 Shares

Schedule of Rashi Peripherals Limited

Issue open date

7 Feb 2024

Issue close date

9 Feb 2024

UPI mandate deadline

9 Feb 2024 (5 PM)

Allotment finalization

12 Feb 2024

Share credit

13 Feb 2024

Listing date

14 Feb 2024

Mandate end date

24 Feb 2024

Issue size

Funds Raised in the IPOAmount
Overall600 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date12 Feb 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
14 Feb 202431134345 (10.93%)
13 Feb 202431143354 (13.83%)
12 Feb 202431161372 (19.61%)
11 Feb 202431175386 (24.12%)
10 Feb 202431183394 (26.69%)
9 Feb 202431183394 (26.69%)
8 Feb 202431175386 (24.12%)
7 Feb 202431185396 (27.33%)
6 Feb 202431179390 (25.4%)
5 Feb 202431170381 (22.51%)
4 Feb 202431185396 (27.33%)

Performance Rashi Peripherals Limited

Issue PriceListing GainCurrent Market PriceP/L
₹295 to ₹311 per share 1309 (3.38%) 287.6-7.52%

About Rashi Peripherals Limited

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:1. Personal computing, enterprise and cloud solutions (PES): This includes personal computing devices, enterprise solutions, embedded designs/products and cloud computing.2. 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.

Founded in1989
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)151.45
      Non-Institutional Investors (NIIs)66.15
      Retail Individual Investors (RIIs)11.01
      EmployeeN/A
      Total62.95