About Rashi Peripherals LimitedIncorporated 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:
Financial snapshot
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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
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Rashi Peripherals Limited IPO details|Rashi Peripherals Limited IPO dateAccording 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 BandThe 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:
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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:
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How to check the Rashi Peripherals LimitedIPO 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:
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Open a demat account with Upstox to apply for the Rashi Peripherals Limited IPOTo 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:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Rashi Peripherals Limited IPOApplying 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. |
Pre-applying for the Rashi Peripherals IPO means applying for this public issue before it goes live. Click here to pre-apply for the Rashi Peripherals IPO on Upstox.
You can pre-apply for the Rashi Peripherals IPO from 5th February 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Rashi Peripherals IPO opens for the subscription.
The Rashi Peripherals IPO launch date is 7th February 2024. The Rashi Peripherals IPO will be open for subscription till 9th February 2024.
The Rashi Peripherals lot size is 48 shares and the minimum investment required is ₹14,928.
The Rashi Peripherals IPO price band is ₹295 – ₹311 per share.
The size of the Rashi Peripherals IPO is approx. ₹600 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 13th February 2024.
Rashi Peripherals shares will be on NSE and BSE.
Rashi Peripherals shares’ listing date is 14th February 2024.