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:
- Personal computing, enterprise and cloud solutions (PES): This includes personal computing devices, enterprise solutions, embedded designs/products and cloud computing.
- 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.
Rashi Peripherals IPO – Details
| IPO Opening Date | 07 February 2024 |
| IPO Closing Date | 09 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,92,92,605 Shares Worth ₹600 Crore Fresh Issue: 1,92,92,605 Shares Worth ₹600 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹295 – ₹311 |
| Market Lot | 48 Shares |
| Min Order | 48 Shares |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Rashi Peripherals IPO – Date Schedule
| IPO Open Date | 07 February 2024 |
| IPO Close Date | 09 February 2024 |
| Basis of Allotment Date | 12 February 2024 |
| Initiation of Refund | 13 February 2024 |
| Credit of Shares to Demat Account | 13 February 2024 |
| IPO Listing Date | 14 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 09 February 2024 |
Rashi Peripherals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 48 | 14,928 |
| Retail (Max) | 13 | 624 | 1,94,064 |
| S-HNI (Min) | 14 | 672 | 2,08,992 |
| S-HNI (Max) | 66 | 3,168 | 9,85,248 |
| B-HNI (Min) | 67 | 3,216 | 10,00,176 |
Competitive Strengths
- The company is a leading and the fastest growing Indian distribution partner for information and communications technology products having all the leading brands/OEMs as compared to other leading ICT distributors in India.
- The company is present pan-India and have multi-channel distribution footprint backed by dedicated in-house infrastructure;
- The company has long term relationships with marquee global technology brands supported by our committed strategy on engagement with customers;
- The company has a diversified and comprehensive product portfolio and offer additional solutions;
- The company has a scalable business model supported by advanced technology stack;
- The company has a consistent track record of superior financial performance and return metrics; and
- The company has experienced promoters and a professional senior management team.
Company Promoters
- Krishna Kumar Choudhary
- Sureshkumar Pansari
- Kapal Suresh Pansari
- Keshav Krishna Kumar Choudhary
- Chaman Pansari
- Krishna Kumar Choudhary (HUF)
- Suresh M Pansari HUF
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 5931.73 | 5752.86 | 136.35 | 488.99 |
| 31 March 2022 | 9321.92 | 9082.07 | 182.51 | 881.74 |
| 31 March 2023 | 9468.94 | 9304.32 | 123.34 | 1,065.76 |
| 30 September 2023 | 5032.48 | 4943.07 | 67.37 | 1,395.20 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 14.23 |
| ROE | 19.33% |
| ROCE | 14.21% |
| Debt/Equity | 1.53 |
| RoNW | 17.60% |
| P/BV | 1.86 |
Object Of The Issue
- Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General corporate purposes.
Rashi Peripherals IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Redington India Limited | 9.92 |
Rashi Peripherals IPO Promoter Holding
| Pre Issue Share Holding | 89.65% |
| Post Issue Share Holding | 63.40% |
Rashi Peripherals IPO Prospectus
Company Contact Information
| Rashi Peripherals Limited Ariisto House, 5th Floor, Corner of Telli Gall Andheri (E) Mumbai 400 069 Phone: +91 22 6177 1771/72 Email: investors@rptechindia.com Website: https://www.rptechindia.com/ |
Rashi Peripherals IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: rptechindia.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Rashi Peripherals IPO Lead Manager(s)
| 1. JM Financial Limited 2. ICICI Securities Limited |
Rashi Peripherals IPO FAQs
| What is Rashi Peripherals IPO? Rashi Peripherals IPO is a main-board IPO. The issue is priced at ₹295 to ₹311 per equity share. The IPO is to be listed on BSE & NSE. |
| When Rashi Peripherals IPO will open? The IPO is to open on 07 February 2024 for QIB, NII, and Retail Investors. |
| What is Rashi Peripherals IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Rashi Peripherals IPO? You can apply Rashi Peripherals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rashi Peripherals IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rashi Peripherals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rashi Peripherals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rashi Peripherals“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rashi Peripherals IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rashi Peripherals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rashi Peripherals IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rashi Peripherals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rashi Peripherals IPO Size? Rashi Peripherals IPO size is ₹600.00 Crore. |
| What is Rashi Peripherals IPO Price Band? Rashi Peripherals IPO Price Band is ₹295 to ₹311. |
| What is Rashi Peripherals IPO Minimum and Maximum Lot Size? The minimum bid is 48 Shares with ₹14,928 amount while the maximum bid is 624 Shares with ₹194,064. |
| What is the Rashi Peripherals IPO Allotment Date? Rashi Peripherals IPO allotment date is 12 February 2024. |
| What is the Rashi Peripherals IPO Listing Date? Rashi Peripherals IPO listing date is 14 February 2024. The IPO is to list on BSE and NSE. |
