Rashi Peripherals IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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    Rashi Peripherals IPO

    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 IPO grey market
    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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    Rashi Peripherals IPO GMP

    Rashi Peripherals IPO GMP today details

    Rashi Peripherals IPO GMP today, Details, Guidance, Subscription Status, allotment

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