Rashi Peripherals IPO GMP, Price, Date, Allotment

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Rashi Peripherals IPO GMP

Rashi Peripherals IPO Description – Since 1989, Rashi Peripherals has been a powerhouse distributing global tech brands in India, specializing in cutting-edge Information and Communication Technology (ICT) products. The company extends its service portfolio to encompass valuable additions like pre-sales activities, solution design, technical support, marketing services, credit solutions, and warranty management services.

As of 30 September 2023, the company’s pan-India distribution network spans 50 branches functioning as both sales and service centers, complemented by 63 warehouses. This extensive network allows the company to reach, and 8,402 Channel Partners serve 680 locations across India.

The company operates primarily in two distinct verticals: Personal Computing, Enterprise, and Cloud Solutions (PES), along with Lifestyle and IT Essentials (LIT). It serves as the conduit for the distribution of ICT products from 48 global technology brands in India.

As of 30 September 2023, the company boasts a workforce of 1,433 employees. Among them, 549 are dedicated to the sales and marketing team, while 64 are committed to providing technical support.

Rashi Peripherals

Promoters of Rashi Peripherals – Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF


Rashi Peripherals IPO Details

Rashi Peripherals IPO Dates7 – 9 February 2024
Rashi Peripherals Issue PriceINR 295 – 311 per share
Fresh issueINR 600 crore
Offer For SaleNIL
Total IPO sizeINR 600 crore
Minimum bid (lot size)48 shares (INR 14,928)
Face Value INR 5 per share
Retail Allocation35%
Listing OnBSE, NSE

Rashi Peripherals Financial Performance

 FY 2020FY 2021FY 2022FY 2023H1 FY 2024
Revenue3,934.485,925.059,313.449,454.285,468.51
Expenses3,891.095,751.379,082.079,304.325,370.66
Net income38.23136.35182.51123.3472.02
Margin (%)0.972.301.961.301.32
Figures in INR Crores unless specified otherwise

Rashi Peripherals Offer News


Rashi Peripherals Valuations & Margins

FY 2020FY 2021FY 2022FY 2023
EPS9.4831.2043.5729.50
PE ratio10.00 – 10.54
RONW (%)15.0733.0731.6617.60
NAV62.8894.34137.63167.56
ROCE (%)14.5823.4620.1314.21
EBITDA (%)2.393.633.282.83
Debt/Equity1.251.231.521.53
*Compiled by IPO Central from Prospectus

Rashi Peripherals IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
13 February 202460
12 February 202475
10 February 202480
9 February 202475
8 February 202482
7 February 202480
6 February 202475
5 February 202470
3 February 202450
2 February 202428

Rashi Peripherals IPO Objectives

The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

  • Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the company – INR 326 crore
  • Funding working capital requirements of the company – INR 220 crore
  • General corporate purposes

Rashi Peripherals IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered4,067,7963,050,8487,118,64514,237,289
9 Feb 2024143.6662.7510.4459.71
8 Feb 20240.725.883.463.19
7 Feb 20240.011.871.361.09
As on 07:00:00 PM

Rashi Peripherals – Comparison With Listed Peers

CompanyFace ValuePE ratioEPSRONW (%)NAVRevenue (Cr.)
Rashi Peripherals510.5443.5731.66137.639,321.92
Redington India211.092.4422.1274.0362,731.57

Rashi Peripherals IPO Allotment Status

Rashi Peripherals IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.


Rashi Peripherals IPO Dates & Listing Performance

Rashi IPO Opening Date7 February 2024
Rashi IPO Closing Date9 February 2024
Finalization of Basis of Allotment12 February 2024
Initiation of refunds13 February 2024
Transfer of shares to demat accounts13 February 2024
Rashi Peripherals IPO Listing Date14 February 2024
Opening Price on NSEINR 339.5 per share (up 9.16%)
Closing Price on NSEINR 321.50 per share (up 3.38%)

Rashi Peripherals IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe
Axis Capital – Not rated
Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Neutral
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Dalal & Broacha –
Elite Wealth – Apply for long term
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ICICIdirect –
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Investmentz –
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DR Choksey –
LKP Research –
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Motilal Oswal –
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Reliance Securities –
Religare Broking –
SBI Securities – Subscribe for long term Horizon
Samco Securities – Subscribe for listing gains
SBI Securities –
SMC Global – 2/5
Swastika Investmart – Subscribe
Ventura Securities – Subscribe


Rashi Peripherals IPO Lead Manager

JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025,
Maharashtra, India
Phone: +91 22 6630 3030
Email[email protected]
Website: www.jmfl.com


Rashi Peripherals Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in


Rashi Peripherals Contact Details

RASHI PERIPHERALS LIMITED
Ariisto House, 5th Floor, Corner of Telli Galli,
Andheri (E), Mumbai 400 069, Maharashtra, India
Phone: +91 22 6177 1771/72
Email: [email protected]
Website: www.rptechindia.com


Rashi Peripherals IPO FAQs

How many shares in Rashi Peripherals IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Rashi Peripherals Public Offer?

The best way to apply in Rashi Peripherals’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Rashi Peripherals IPO GMP today?

Rashi Peripherals IPO GMP today is INR 60 per share.

What is Rashi Peripherals kostak rate today?

Rashi Peripherals kostak rate today is INR NA per application.

What is Rashi Peripherals Subject to Sauda rate today?

Rashi Peripherals Subject to Sauda rate today is INR NA per application.

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