Rashi Peripherals Limited

Rashi Peripherals Limited

Rashi Peripherals Limited
listed
₹14,160Min. investment
  1. Bid start
    7 Feb
  2. Bid end
    9 Feb
  3. Allotment
    9 Feb
  4. Release of funds
    13 Feb
  5. Demat transfer
    12 Feb
  6. Listing
    14 Feb

About Rashi Peripherals Limited

Price range₹295 – ₹311
IPO type
Regular
Lot size48 shares
Issue size₹600Cr
RHP/DRHP
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Risk analysis
Debt to Equity ratio
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About  Rashi Peripherals Limited

Incorporated in 1989, Rashi Peripherals Limited is a leading national distribution partner for global technology brands in India. The company’s primary business activity is distributing  Information and Communications Technology (ICT) products, personal computing, mobility, enterprise, embedded solutions, components, lifestyle, storage and memory devices, UPS and accessories.  Rashi Peripherals is a key player in India’s technology value chain, offering customised marketing programs, just-in-time logistics solutions, pre-sales and post sales technical support, product planning and distribution solutions to different brands. This helps create sales and profitable opportunities for global technology brands and channel partners.
It operates two business verticals: 1. Personal Computing, Enterprise and Cloud Solutions (PES) through which it distributes cloud computing, enterprise solutions, etc and 2. Lifestyle and IT essentials (LIT) under which it distributes products such as CPUs, motherboards, memory devices, inverters, etc. Its pan-India network comprises 50 branches for sales and service centres and 63 warehouses spanning 680 locations in India as of 30 September 2023. Its distribution channels include hybrid resellers, regional distributors, stockist partners, retailers, corporate resellers, original equipment manufacturers, large, multi and small format retail stores, and online marketplaces.
As of 30 September 2023, it had 8,402 customers of which it acts as a national distribution partner for 52 global technology brands. These brands are ASUS, Dell, HP, Lenovo, Logitech Asia Pacific, NVIDIA Corporation, Intel, Schneider, Toshiba and Harman. The wide range of product offerings has helped Rashi Peripherals achieve economies of scale and provide channel partners with a single sourcing point. It offers its customers benefits like diverse products, credit support, technology support, customised solutions and business expansion opportunities. On the other hand, it provides geographical reach, market penetration, training programs, business expertise, sales support and speedy execution to its vendors.
Between FY21 and FY23, it has seen a CAGR rise of 16% in its revenue from operations, while its net profit has been fluctuating and saw a CAGR drop of 3% during the same period. However, the personal computing market is expected to grow from ₹4,589 billion in 2022 to ~₹7,337 billion by 2026, which could benefit the company.   And now, Rashi Peripherals Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised through the fresh issue will be utilised to repay borrowings, fund working capital requirements and for general corporate purposes. Its shares will be listed on the NSE and the BSE.
Here are key details about the Rashi Peripherals Limited IPO:
Company NameRashi Peripherals Limited Company TypePrivate
Company Established On2011

Financial snapshot

ParticularsFY21FY22FY23
Revenue₹ 5,925 crore₹ 9,313 crore₹ 9,454 crore
Net Profit₹ 136 crore₹ 182 crore₹ 123 crore
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Here’s a quick look at Rashi Peripherals Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. Leading and fastest growing Indian distribution partner for ICT products. 
  2. Experience of 34 years, having distributed 311+ million units of ICT products between FY02 and September 2023. 
  3. Largest ICT products distribution network in India with branches in 50 cities as of 30 September 2023. 
  4. Dedicated sales team of 549 employees as of 30 September 2023. 
  5. Long-term relationships with marquee global technology brands with 7 to 25 years of agreement with key global technology brands as of 30 September 2023. 
  6. Diversified and comprehensive product portfolio and solutions.
  7. Scalable business model as it purchases from global technology brands and sells to its customers. 
  8. Consistent track record of financial performance.

Risks and threats

  1. Dependent on certain vendors, as 82% of its revenue from operations came from its top 8 global technology brands in FY23.
  2. Operates on low gross margins, such as 5% in the last three fiscals.
  3. Has witnessed negative cash flows from operating activities of ₹109 crore, ₹315 crore and ₹114 crore in FY21, FY22 and FY23, respectively.
  4. EBITDA margin decreased from 3.6% in FY21 to 3.2% in FY22, and to 2.8% in FY23. 
  5. Faces competition from Savex Technologies, Ingram Micro India, and Redington (India).

Rashi Peripherals Limited IPO details

**** Rashi Peripherals Limited IPO date

According to the offer document filed by the company with the SEBI, the Rashi Peripherals IPO’s opening date – in other words, the Rashi Peripherals IPO launch date – will be 7th February 2024. The Rashi Peripherals IPO closing date is 9th February 2024. After this, investors will be updated about the allotment status on 12th February 2024.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 13th February 2024. The Rashi Peripherals IPO listing date is 14th February 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.

**** Rashi Peripherals Limited IPO Price Band

The IPO is a fresh issue. The Rashi Peripherals IPO price band has been set between ₹295 and ₹311 per share. Interested investors can choose a price within this band to apply for the IPO.
The Rashi Peripherals IPO listing price will be determined on 14th February 2024. The listing price is the price at which a company’s shares debut on the stock exchanges.
**** Rashi Peripherals Limited IPO Lot size
The Rashi Peripherals IPO details have been declared. The Rashi Peripherals IPO lot size is set at 48 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Rashi Peripherals IPO issue size is approx ₹600 crore.

How to pre-apply for the Rashi Peripherals Limited IPO?

You can pre-apply for the Rashi Peripherals Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Rashi Peripherals Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

How to apply for the Rashi Peripherals Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the Rashi Peripherals Limited IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Rashi Peripherals Limited IPO on Upstox:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Rashi Peripherals Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

How to check the Rashi Peripherals Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Rashi Peripherals Limited IPO allotment status:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your Rashi Peripherals Limited IPO allotment status will be mentioned
Check Allotment Status

Open a demat account with Upstox to apply for the Rashi Peripherals Limited IPO

To apply for the Rashi Peripherals Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Open Demat Account

Upstox – trading app to apply for the Rashi Peripherals Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Rashi Peripherals Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Rashi Peripherals Limited ?

The issue size of the Rashi Peripherals Limited is 600 Cr.

What is 'pre-apply' for Rashi Peripherals Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Rashi Peripherals Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.