Rashi Peripherals IPO: Check Listing Date and Allotment Status

13 Feb 2024 , 10:03 AM

The bidding phase for the initial public offering (IPO) of Rashi Peripherals concluded last Friday. With the implementation of the T+3 listing rule from December 1st, 2023, the anticipated listing date for the Rashi Peripherals IPO is set for February 14th, 2024, falling on Wednesday this week.

Investors keen on checking their allotment status can do so conveniently on the BSE website or by visiting the IPO registrar’s website, Link Intime India.

Before the IPO, Rashi Peripherals had successfully raised Rs 150 crore from institutional investors through a pre-IPO funding round. Additionally, the company secured Rs 180 crore from anchor investors, demonstrating strong investor interest in the offering.

From the IPO proceeds, a significant portion amounting to Rs 326 crore will be allocated towards debt repayment, reflecting the company’s strategic focus on bolstering its financial position. Furthermore, Rs 220 crore will be earmarked for funding working capital requirements and general corporate purposes, aiming to support the company’s growth initiatives.

JM Financial and ICICI Securities served as the managers to the offer, facilitating the smooth execution of the IPO process.