IPO Details
Bidding Dates
07 Feb 24 - 09 Feb 24
Price Range ₹
295 - 311
Total Equity
₹ 0.00Cr
Lot Size
48
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
10.44×
Qualified Institutional Buyers
143.66×
Employees
0.00×
Retail Investors
10.44×
Total subscription Rate
59.71×
IPO Timeline
Offer start
07 Feb 2024
Offer end
09 Feb 2024
Allotment
12 Feb 2024
Refund initiation
13 Feb 2024
Demat transfer
13 Feb 2024
Listing
14 Feb 2024
Offer start
07 Feb 2024
Offer end
09 Feb 2024
Allotment
12 Feb 2024
Refund initiation
13 Feb 2024
Demat transfer
13 Feb 2024
Listing
14 Feb 2024
About Company
Established in 1989, Rashi Peripherals Limited is a leading distributor of global technology brands in India, specializing in Information and Communication Technology (ICT) products. The company provides a comprehensive range of services, including pre-sales, technical support, marketing services, credit solutions, and warranty management. As of September 30, 2023, Rashi Peripherals serves as the national distributor for 52 esteemed technology brands. With 50 branches and 63 warehouses strategically located across India, the company boasts an extensive distribution network comprising 8,657 distributors spanning 680 locations in 28 States and Union Territories nationwide.
Year Founded
15-03-1989
Promotor Details
Krishna Kumar Choudhary
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.99 | 0 |
| Share Capital | 41783490 | 0 |
Project Details
- Funding working capital requirements of our Company - 2000cr
- Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed - 4000cr
Objectives
- Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by our CompanyFunding working capital requirements of our CompanyGeneral corporate purposes
Highlights
- Rashi Peripherals provides a wide range of value-added services, including pre-sales support, technical assistance, marketing services, credit solutions, and warranty management, enhancing the overall customer experience.
- By focusing on Information and Communication Technology (ICT) products, the company can cater to the growing demand for technology solutions in various sectors, positioning itself as a key player in the industry.
- With two distinct business verticals - Personal Computing, Enterprise, and Cloud Solutions (PES) and Lifestyle and IT Essentials (LIT) - Rashi Peripherals can tap into multiple market segments, diversifying its revenue streams and mitigating risks.
- The company boasts a prestigious clientele including globally renowned brands such as ASUS, Dell, HP, Lenovo, Logitech, NVIDIA, Intel, Western Digital, and others, reflecting its credibility and trustworthiness in the market.
- With 50 branches, 63 warehouses, and over 8,657 distributors across 680 locations in India, Rashi Peripherals has built a robust distribution network, enabling efficient product delivery and market penetration nationwide.
Challenges
- The company operates in a highly competitive market with numerous players distributing global technology brands in India, potentially leading to pricing pressures and reduced profit margins.
- Rashi Peripherals' business may be affected by external factors such as changes in government regulations, economic downturns, or disruptions in global supply chains, posing risks to its operations and profitability.
- The rapid pace of technological advancements in the ICT industry may render certain products obsolete or less desirable over time, requiring the company to continuously innovate and adapt to changing market trends.
- Rashi Peripherals' reliance on a network of suppliers and manufacturers for sourcing technology products exposes it to supply chain risks such as disruptions in production, delays in shipments, or quality issues, impacting its ability to meet customer demand.
- With 1,433 employees, including sales, marketing, and technical support teams, the company may face challenges related to workforce management, training, and retention, affecting operational efficiency and service quality.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 15,926.80 | 9.95 | 40,11,18,900.00 | 41,11,59,100.00 | 9.8401 |
| 2020 | 10,38,75,97,300.00 | 99,48,550.00 | 1,233.43 | 1,232.51 | 29.4972 |
| 2022 | 26,657.25 | 208.92 | 1,438.58 | 1,412.21 | 21.4296 |
| 2024 | 38,120.03 | 329.50 | 40,11,18,900.00 | 41,11,59,100.00 | 9.8401 |
| 2023 | 27,927.44 | 208.92 | 40,11,18,900.00 | 41,11,59,100.00 | 9.8401 |
