Rashi Peripherals IPO is a book built issue of Rs 750.00 crores. The issue is entirely a fresh issue.
Rashi Peripherals IPO dates are yet to be announced.
Rashi Peripherals IPO price bands are yet to be announced.
Jm Financial Limited and ICICI Securities Limited are the book running lead managers of the IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to IPO DRHP for detailed information.
About Rashi Peripherals Limited
Incorporated in 1989, Rashi Peripherals Limited is a company that distributes global technology brands in India. They specialize in products related to ICT or Information and Communication Technology.
The company’s service offerings include value-added services such as pre-sales, technical support, marketing services, credit solutions and warranty management services.
The company’s clients include ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA Corporation, Intel Americas, Inc., Western Digital (UK) Limited, Schneider Electric IT business India Private Limited, Eaton Power Quality Private Limited, ECS Industrial Computer Co. Ltd., Belkin Asia Pacific Limited, TPV Technology India Pvt Ltd., LG Electronics India Private Limited, and Toshiba Electronic Components Taiwan Corporation, among others.
As of September 30, 2022, Rashi Peripherals is the national distribution partner for 48 global technology brands.
Revenue from operations grew at a CAGR of 53.85% from ₹39,344.82M in Fiscal 2020 to ₹93,134.38M in Fiscal 2022. In H1 2022, revenue was ₹50,238.09M.
As of September 2022, the company has 50 branches, 50 service centers, and 62 warehouses across India, with 8657 Channel Partners spread across 730 locations.
As of September 30 2022, the company has 1,322 employees. Out of these, 501 are in the sales and marketing team while 58 are in technical support.
Rashi Peripherals IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹750.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹750.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 41,783,910 |
Rashi Peripherals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Rashi Peripherals IPO Promoter Holding
The promoters of the company are Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Rashi Peripherals Limited Financial Information (Restated Consolidated)
Rashi Peripherals Limited’s revenue increased by 57.19% and profit after tax (PAT) rose by 33.85% between the financial year ending with March 31, 2022 and March 31, 2021.
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,416.13 | 2,669.76 | 1,594.39 |
| Revenue | 5,032.36 | 9,321.92 | 5,930.24 |
| Profit After Tax | 67.38 | 182.51 | 136.35 |
| Net Worth | 647.79 | 575.07 | 394.19 |
| Reserves and Surplus | 628.33 | 557.84 | 395.99 |
| Total Borrowing | 1,001.27 | 881.74 | 488.99 |
| Amount in ₹ Crore | |||
Objects of the Issue (Rashi Peripherals IPO Objectives)
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
- Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General corporate purposes
Rashi Peripherals Limited Contact Details
Ariisto House, 5th Floor, Corner of Telli Gall
Andheri (E)
Mumbai 400 069
Phone: +91 22 6177 1771/72
Email: investors@rptechindia.com
Website: https://www.rptechindia.com/
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