Rashi Peripherals Ltd. IPO

Rashi Peripherals, a tech titan in India, reigns supreme in distributing global ICT brands. Boasting over 33 years of experience and a nationwide network, they're the fastest-growing player, with revenue soaring over 50% in just two years. Rashi goes beyond mere distribution, offering value-added services like pre-sales, technical support, and even credit solutions. Their legacy is impressive: instrumental in formalizing India's fragmented tech market, they've helped launch countless global brands. With a diverse portfolio spanning computers to wearables, Rashi seamlessly connects cutting-edge tech to millions across India.

RHP
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DRHP
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Open Date

2024-02-07

Close Date

2024-02-09

IPO Details

Check out the issue details for Rashi Peripherals Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 311

Price Band

₹ 295 - 311

Issue Size

600 Cr.

Issue Type

Book Built

Open

2024-02-07

Close

2024-02-09

Listingprice

₹ 339.5

ListingGain

9.16%

Listing Date

2024-02-14

CMP

₹ 343.85

Current Return

10.56%

Company Financials

You can get the following financial statements of Rashi Peripherals Ltd. as of now.

Subscription Details

The details about the Rashi Peripherals Limited IPO is as:

  • The issue size of the IPO is 600 Cr.
  • The shares of Rashi Peripherals Limited IPO will list on 14th February 2024.
  • The price band for Rashi Peripherals Limited IPO is Rs 295 to Rs 311.
  • The latest tentative GMP of Rashi Peripherals Limited IPO is Rs 70.
  • The shares of Rashi Peripherals Limited IPO is subscribed 62.95 Times as of 9th February 2024. 

 

Rashi Peripherals Limited IPO Valuation

The approx valuation of Rashi Peripherals Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 311
Existing Shares (Qty) 4.66 Cr
Fresh Issue 600 Cr
Market Cap 2049.26 Cr
EPS (FY23) Rs 29.50
PE Ratio 10.54x
Industry PE 9.92x

 

Rashi Peripherals Limited IPO Issue Size

Rashi Peripherals Limited IPO issue size is 600 Cr

Issue Amount
Fresh Issue 600 Cr
Offer For Sale 0 Cr

 

Rashi Peripherals Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 48 shares and a maximum of 13 lots of 624 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 48 14,928
 Maximum 13 624 1,94,064

 

Rashi Peripherals Limited IPO share offer

The shares of Rashi Peripherals Limited IPO is subscribed 62.95 Times as of 9th February 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 151.45 Times
Non-Institutional Minimum 15% 66.15 Times
Retail Individual Minimum 35% 11.01 Times
Total   62.95 Times

Allotment Details

Find below the dates for Rashi Peripherals Limited IPO:

Schedule Date
Basis of Allotment 12 February 2024
Refunds 13 February 2024
Credit to Demat Account 13 February 2024
IPO Listing Date 14 February 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 4412.89 3986.86 3917.92 5863.76 9160.82
Total Expenditure 4335.62 3927.78 3830.29 5668.55 8859.25
Operating Profit 77.27 59.08 87.63 195.21 301.57
Other Income 4.35 25.74 8.03 5.53 8.1
Interest 24.89 38.21 36.91 30.02 57.8
Depreciation 2.48 2.3 2.11 6.16 10.49
Exceptional Items 0 0 0 0 0
Profit Before Tax 54.25 44.32 56.64 164.57 241.38
Provision for Tax 18.25 15.38 14.48 42.32 60.7
Net Profit 35.99 28.94 42.16 122.25 180.68
Adjusted EPS (Rs.) 0.86 0.69 1.01 2.93 0.21

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 0.99 0.99 0.99 0.99 20.89
Total Reserves 166.01 194.83 236.75 388.9 548.51
Borrowings 22.76 20.49 17.76 64.13 59.71
Other N/C liabilities 1.49 1.33 1.79 11.9 13.69
Current liabilities 715.35 740.23 777.54 1080.72 1956.31
Total Liabilities 906.61 957.87 1034.83 1546.65 2599.11
Assets
Net Block 16.29 15.01 14.13 53.78 62.29
Capital WIP 0 0 0.77 3.16 0.09
Intangible WIP 0 0 0 0 0
Investments 0.04 15.41 15.41 4.5 11.83
Loans & Advances 28.3 13.52 15.85 21.42 24.73
Other N/C Assets 0 0 0 13.75 15.7
Current Assets 861.99 913.93 988.67 1450.05 2484.47
Total Assets 906.61 957.87 1034.83 1546.65 2599.11
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 54.25 44.32 56.64 164.57 241.38
Adjustment 2.5 18.77 38.87 31.49 69.82
Changes in Assets & Liabilities -94.7 -58.07 8.64 -281.35 -543.42
Tax Paid -20.21 -15.72 -14.49 -35.06 -74.65
Operating Cash Flow -58.17 -27.48 52.95 -120.35 -306.87
Investing Cash Flow -1.19 -2.71 -1.59 -9.96 -7.16
Financing Cash Flow 60.01 29.3 -47.03 136.18 338.06
Net Cash Flow 0.65 -0.88 4.34 5.87 24.03
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