Rashi Peripherals IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Rashi Peripherals IPO Post Listing Reivew
The scrip on 14th February, is listed at Rs. 339.50, compared to the Issue-price of Rs. 311, at a premium of 9.16%. The listing has been disappointment to the investors as well as grey market players.
Rashi Peripherals IPO Grey Market updates
Premium: Rs. 42
Small Subject to 1600
Big Subject to Rs. 22000
Rashi Peripherals IPO Subscription Status
On 9 February 2024 5.00 pm (Day 3) (Closed)
Review: Subscription at reasonable level.
QIB: 4067796 Shares 143.66 T
NII(10L+): 2033898 Shares 70.68 T
NII (<10L) 1016950 Shares 46.90 T
NII (Total) 3050848 Shares 62.75 T
RII: 7118645 Shares 10.44 T
Total: 14237289 Shares 59.71 T
Rashi Peripherals IPO Promoters
KRISHNA KUMAR CHOUDHARY, SURESHKUMAR PANSARI, KAPAL SURESH PANSARI, KESHAV KRISHNA KUMAR CHOUDHARY, CHAMAN PANSARI, KRISHNA KUMAR CHOUDHARY (HUF) AND SURESH M PANSARI HUF
Rashi Peripherals IPO Particulars & Guidance: About the Company
Rashi Peripherals is among the leading value-added national distribution partners for global technology brands in India for information and communications technology (“ICT”) products in terms of revenues and distribution network in Fiscal 2022.
The company is incorporated in 1989 and has more than 33 years of experience in distribution of ICT products in India. The Company commenced operations with manufacturing of peripherals. With the liberalization of the Indian IT sector in 1991, it transitioned to distribution of ICT products of
global technology brands in India. It has been instrumental in facilitating the entry of a number of global
technology brands. It has expanded its distribution network across India and as of September 30, 2022,
had one of the largest ICT products distribution networks in India.
The company primarily operates the following two business verticals:
• Personal Computing, Enterprise and Cloud Solutions (“PES”): Under this vertical it distributes
personal computing devices, enterprise solutions, embedded designs/ products and cloud computing.
• Lifestyle and IT essentials (“LIT”)
Its pan-India distribution network comprises 50 branches that operate for sales and as service centers and 62 warehouses, as of September 30, 2022. Through its branches and warehouses, it is able to cover 730 locations in India, as of September 30, 2022.
For more information, click www.rptechindia.com
Objects of the IPO
The company proposes to utilize the Net Proceeds 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
Rashi Peripherals IPO Particulars & Guidance
Rashi Peripherals IPO Details & Analysis | |
IPO opens on | 7 February ,2024 |
IPO closes on | 9 February ,2024 |
Issue Type | Book Built Issue IPO |
Issue Size | 19292604 Sh /Rs 600 Cr |
* Fresh Issue | 19292604 Sh /Rs 600 Cr |
* Offer for Sale | – Shares /Rs – Cr |
Face Value per share: | Rs. 5 |
Price Band | Rs. 295-311 |
Retail Discount | Rs 0 per share |
Employee discount | Rs. 0 per share |
Retail Lot Size | 48 Shares |
Listing will at | BSE, NSE |
Shares offered to | Shares | Rs. in Cr |
QIB (50 %) | 9646302 | 300 |
NII (15 %) | 2893891 | 90 |
RII (35 %) | 6752411 | 210 |
Employees | – | 0 |
Total Shares | 19292604 | 600 |
Retail portion will be oversubscribed by | 140675 Forms. | |
How much Shares to Apply? | Amt in Rs. | |
Min Retail Application | 48 Sh | 14928 |
Max Retail Application | 624 Sh | 194064 |
Small HNI (Min) application | 672 Sh | 208992 |
Small HNI (Max) application | 3168 Sh | 985248 |
Big HNI Application | 3216 Sh | 1000176 |
Rashi Peripherals IPO Tentative timetable | |
IPO opens on | 7 February 2024 |
IPO Closes on | 9 February 2024 |
IPO Allotment on | 12 February 2024 |
Unblocking of ASBA | 13 February 2024 |
Credit of Shares | 13 February 2024 |
Listing on | 14 February 2024 |
Registered Office of the Company | |
34A, Metcalfe Street, Kolkata – 700 013, West Bengal, India. |
|
Lead Managers JM Financial Limited ICICI Securities Limited |
|
Registrar to IPO | |
Link Intime India Private Limited |
Rashi Peripherals IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs. in Cr | Rs.in Cr | Rs. | % | |
2020-21 | 5930 | 136 | 31.20 | 33.07 |
2021-22 | 9322 | 183 | 43.57 | 31.66 |
2022-23 | 9469 | 123 | 29.50 | 17.60 |
Book Value of the Share on | 31.03.2023 | Rs.167.56 | ||
Book Value of the Share | after the FPO | Rs.? | ||
Offer Price at Cap | Rs. 311 |
Ratio Analysis | |
Upper Price /last EPS | 10.54 |
Upper Price/Book Value Ratio | 1.86 |
Upper Price/BV after IPO | ? |
Rashi Peripherals IPO Particulars & Guidance
Peer Comparison
As on date of DRHP | FV | Total | PE |
Rs. | Income | Ratio of | |
Rs. In Cr | |||
The IPO Company | 5 | 9469 | 10.54 |
Redington India | 2 | 79519 | 9.92 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Rashi Peripherals IPO Guidance* by Paresh Gordhandas CA & Research Analyst.
Rashi Peripherals is among the leading value-added national distribution partners for global technology brands in India for information and communications technology (“ICT”) products in terms of revenues and distribution network in Fiscal 2022. The company has more than 33 years of experience in distribution of ICT products in India. Its pan-India distribution network comprises 50 branches that operate for sales and as service centers and 62 warehouses, as of September 30, 2022. Through its branches and warehouses, it is able to cover 730 locations in India, as of September 30, 2022.
Size: IPO of Rs. 600 Cr is not very large considering the recent trend. HNI portion is just of Rs. 90 Cr and Retail portion is of Rs. 210 Cr. So, chances of huge oversubscription are high.
Financials: The company has shown strong trend of topline and bottom-line during last 3years. The shares are offered at very reasonable valuation and leaves room for listing gains and profits as medium-term investment. Must Apply IPO.
* Disclosure: This website has received banner advertisement related to this IPO.
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