Rashi Peripherals IPO

Rashi Peripherals Limited

₹14,160 /48 sharesMinimum Investment

Rashi Peripherals  IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹311.00₹335.00₹24.00 (7.72%)
Rashi Peripherals  IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
7 Feb ‘24 - 9 Feb ‘24₹14,16048₹295 - ₹311
Issue SizeIPO Doc
600.00CrRHP PDF
Subscription rate
Qualified Institutional Buyers143.66x
Non-Institutional Investor62.75x
Retail Individual Investor10.44x
Total59.71x
About the company
Rashi Peripherals is a distribution partner for global technology brands in India, specialising in information and communications technology ("ICT") products. The company distributes ICT products and initially began its operations by manufacturing peripherals. Rashi Peripherals operates primarily in two business verticals.
The first vertical is- Personal computing, enterprise, and cloud solutions ("PES"), which distributes personal computing devices, enterprise solutions, embedded designs/products, and cloud computing services.
Under the second vertical- Lifestyle and IT Essentials ("LIT"), the company distributes a range of products, including components like graphic cards, CPUs, motherboards, storage and memory devices, lifestyle peripherals, power equipment, and networking and mobility devices.
The company also offers end-to-end services, including pre-sale activities, solutions design, technical support, marketing services, credit solutions, and warranty management services.;Founded in
1989
Managing director
Mr. Kapal Suresh Pansar
Parent organisation
Rashi Peripherals Limited
Strength and risksStrengths
Risks
The company ranks among India's fastest-growing national distribution partners based on revenue. Its revenue from operations exhibited a CAGR of 26.32%, increasing from Rs. 5925.05 crores in 2021 to Rs. 9,454.28 crores in 2023, with revenues reaching Rs. 5,468.51 crores in the six months ending September 30, 2023. Rashi Peripherals has demonstrated consistent financial performance through increase in revenue from operations and profitability.
Rashi Peripherals commands significant market share in various product categories in India, including processors (45%), graphics cards (47%), pen drives (42%), hard drives (29%), keyboards and mice (21%), monitors (27%), UPS (13%), laptops (10%), desktops (10%), routers (33%), and switches (10%) as of 2023.
The company has a well-established distribution network for ICT products. It operates in 50 cities, with branches serving as sales and service centers and warehouses, covering 680 locations across 28 States and Union Territories. The network engages with an ecosystem of 8,407 customers.
Rashi Peripherals serves as a key distributor for ICT products. As of September 30, 2023, the company has collaborated with 52 global technology brands.
Rashi Peripherals has distributed 311.89 million units from global technology brands between 2002 and 2023. The product range spans lifestyle, components, networking, personal computing, storage and memory, mobility, enterprise, and embedded solutions.
Rashi Peripherals facilitates financial arrangements with banks or non-banking financial companies, enabling customers to access funds for effective working capital management.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹295 - 311₹2 Lakh
High Networth Individual₹295 - 311₹2 - 5 Lakh
For Rashi Peripherals IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹311.00	₹335.00	₹24.00 (7.72%)

Bidding Dates	Min. Investment	Lot Size	Price Range
7 Feb ‘24 - 9 Feb ‘24	₹14,160	48	₹295 - ₹311

Issue Size	IPO Doc
600.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹295 - 311	₹2 Lakh
High Networth Individual	₹295 - 311	₹2 - 5 Lakh

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Qualified Institutional Buyers	143.66x
Non-Institutional Investor	62.75x
Retail Individual Investor	10.44x
Total	59.71x