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RP Tech plans to raise Rs1,000 crore via IPO

29 Jun 2022 , 09:52 AM

RP Tech (Rashi Peripherals Pvt. Ltd), a PAN-India distributor for AMD, Nvidia, JBL, Lenovo, Fitbit, and Dell, is planning an Initial Public Offering (IPO) to raise up to Rs1,000 crore.

RP Tech, founded in 1989 by Krishna Choudhary and Suresh Pansari, is one of India’s five largest IT distributors and service providers. The company collaborates with over 30 of the world’s leading technology companies. It serves over 9,000 dealers across the country through a network of 50 branches and 50 service centres.

RP Tech has hired JM Financial and ICICI Securities as advisors for its proposed IPO. The Draft Red Herring Prospectus work has already begun. While the final details of the deal are still being worked out, it is expected that the company will raise up to Rs1,000 crore through a combination of primary and secondary share sales, as per the sources.

RP Tech reported revenue of Rs5,865.59 crore in FY21, up from Rs3,918.42 crore the previous fiscal. According to a credit rating report from CRISIL dated August 31, 2021, it reported a profit of Rs122.31 crore in FY21, up many folds from a profit of Rs42.16 crore the previous fiscal.

Related Tags

  • IPONews
  • IPOUpdates
  • RPTechFundRaise
  • RPTechIPO
  • RPTechNews
  • RPTechUpdates
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