Rashi Peripherals IPO
Rashi Peripherals IPO — date, price band, lot size & details 2024
Rashi Peripherals listed on 14 Feb 2024 at ₹339.5, 9.2% above the ₹311 issue price.
Rashi Peripherals distributes global technology brands in India, covering personal computing, enterprise and cloud products and lifestyle and IT essentials. Its total income was Rs 9,468.95 crore in FY2023.
Stock price
Rashi Peripherals is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 07 Feb 2024
- Close 09 Feb 2024
- Allotment 12 Feb 2024
- Refund/credit 13 Feb 2024
- Listing 14 Feb 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 9 Feb, 2024 |
|---|---|
| Price Band | ₹295 – ₹311 |
| Face Value | ₹5 |
| Lot Size | 48 Shares |
| Issue Size | ₹600 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,928 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 48 shares at the ₹311 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 48 | ₹14,928 |
| Retail (max) | 13 | 624 | ₹1,94,064 |
| S-HNI (min) | 14 | 672 | ₹2,08,992 |
| S-HNI (max) | 66 | 3,168 | ₹9,85,248 |
| B-HNI (min) | 67 | 3,216 | ₹10,00,176 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 5,931.74 crore in FY2021 to Rs 9,468.95 crore in FY2023, as per the RHP.
- 02The pre-issue P/E was 11.75 at the upper band of Rs 311, based on EPS of Rs 26.46.
- 03The whole Rs 600 crore issue was fresh capital, with Rs 326.00 crore for repaying debt.
- 04Net worth grew from Rs 394.19 crore on 31 March 2021 to Rs 772.74 crore on 30 September 2023.
- 05It distributes for major global brands such as Intel and Logitech across India, with total income of Rs 5,473.27 crore in six months.
Risks · 5
- 01Distribution margins are very thin, and the source puts the PAT margin at 1.30%.
- 02Profit after tax fell from Rs 182.51 crore in FY2022 to Rs 123.34 crore in FY2023.
- 03Total borrowing was Rs 1,395.20 crore on 30 September 2023, and the source puts debt to equity at 1.53.
- 04It depends on brand distribution agreements, which can change, and on large working capital of Rs 220.00 crore from the issue.
- 05Promoters and the promoter group held 89.65% before the issue and 63.41% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Rashi Peripherals offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 4,058.64 | 2,798.60 | 2,670.16 | 1,594.39 |
| Total Income | 5,473.27 | 9,468.95 | 9,321.92 | 5,931.74 |
| Profit After Tax | 72.02 | 123.34 | 182.51 | 136.35 |
| NET Worth | 772.74 | 700.12 | 575.07 | 394.19 |
| Total Borrowing | 1,395.20 | 1,065.76 | 881.74 | 488.99 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Rashi Peripherals RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Rashi Peripherals IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹26.46 | ₹21.86 |
| P/E Ratio (x) | 11.75 | 14.23 |
| Market Cap at Offer Price (₹ Cr) | ₹846.49 | ₹1,024.62 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹311 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹554.14 Cr of the issue is earmarked to named objects.
About the company
Its two verticals are personal computing, enterprise and cloud solutions, and lifestyle and IT essentials such as graphics cards, CPUs, motherboards, storage, memory and accessories. It is a national distributor for brands such as Logitech, Intel and Eaton.
It also offers value-added services such as pre-sales, technical support, marketing, credit solutions and warranty management.
The IPO was Rs 600 crore and was entirely fresh issue. Rs 326.00 crore was planned for repaying borrowings and Rs 220.00 crore for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Rashi Peripherals IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Rashi Peripherals?
The current Grey Market Premium is ₹60, or 19% over the issue price.
What is the Rashi Peripherals IPO price band?
₹295 to ₹311, on a face value of ₹5.
When is the allotment?
The basis of allotment is 12 February 2024, with listing on 14 February 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
