iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Rashi Peripherals IPO to open on February 7; issue price fixed at ₹295 to ₹311 per share

2 Feb 2024 , 09:45 AM

Rashi Peripherals is currently launching its Initial Public Offering (IPO), a book-built issue with a total value of Rs 600.00 crores. The company has fixed issue price at ₹295 to ₹311 per share. 

The fresh issue originally had a size of ₹750 Crore, but it was adjusted to ₹600 Crore following a pre-IPO placement fundraising.

The IPO subscription period for Rashi Peripherals commences on February 7, 2024, and concludes on February 9, 2024. The allotment results are anticipated to be finalized by Monday, February 12, 2024. The listing of Rashi Peripherals IPO on the BSE and NSE is scheduled for Wednesday, February 14, 2024.

Investors can apply for a minimum lot size of 48 shares per application. Retail investors are required to invest a minimum amount of ₹14,928. Strategic Non-Institutional Investors (sNII) have a minimum lot size investment of 14 lots (672 shares), amounting to ₹208,992, while business Non-Institutional Investors (bNII) need to invest in 67 lots (3,216 shares), totaling ₹1,000,176.

Established in 1989, Rashi Peripherals Limited stands as a prominent distributor of global technology brands in India, specializing in Information and Communication Technology (ICT) products. The company distinguishes itself by providing comprehensive services, including pre-sales support, technical assistance, marketing services, credit solutions, and warranty management.

In terms of financial performance, Rashi Peripherals demonstrated an impressive Compound Annual Growth Rate (CAGR) of 26.32 percent in revenue from operations during FY21-FY23, reaching Rs 9,454.3 crore by the fiscal year ending March FY23. The topline for the six months ending September FY24 stood at Rs 5,468.5 crore.

Notable investments in the pre-IPO placement include Rs 100 crore from Volrado Venture Partners Fund-III-BETA and Rs 50 crore from Madhuri Madhusudan Kela, the wife of ace investor Madhusudan Kela.

Jm Financial Limited and ICICI Securities Limited serve as the book running lead managers for the Rashi Peripherals IPO, with Link Intime India Private Ltd acting as the registrar for the issue.

Rashi Peripherals IPO

Related Tags

  • Rashi Peripherals IPO
  • Rashi Peripherals IPO dates
  • Rashi Peripherals IPO details
  • Rashi Peripherals IPO GMP
  • Rashi Peripherals IPO news
  • Rashi Peripherals IPO subscription
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.