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    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

    View IPO Document

    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 2024₹311₹34₹345 (10.93%)
    13 Feb 2024₹311₹43₹354 (13.83%)
    12 Feb 2024₹311₹61₹372 (19.61%)
    11 Feb 2024₹311₹75₹386 (24.12%)
    10 Feb 2024₹311₹83₹394 (26.69%)
    9 Feb 2024₹311₹83₹394 (26.69%)
    8 Feb 2024₹311₹75₹386 (24.12%)
    7 Feb 2024₹311₹85₹396 (27.33%)
    6 Feb 2024₹311₹79₹390 (25.4%)
    5 Feb 2024₹311₹70₹381 (22.51%)
    4 Feb 2024₹311₹85₹396 (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