Rashi Peripherals Ltd IPO
Get all details about Rashi Peripheral Ltd. IPO here!
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Get all details about Rashi Peripheral Ltd. IPO here!
Overview of Rashi Peripherals Ltd IPO
IPO Date
7-Feb-2024 to 9-Feb-2024
Face Value
₹5 per share
Price Band
₹295 to ₹311
Lot Size
48 Share
Issue Size
19,292,604 shares (aggregating up to ₹600.00 Cr)
Listing At
BSE, NSE
Basis of Allotment
12-Feb-2024
Initiation of Refunds
13-Feb-2024
Credit of Shares to Demat
13-Feb-2024
Listing Date
14-Feb-2024
Cut off time for UPI Mandate
9-Feb-2024
Objective of Rashi Peripherals Ltd IPO
Rashi Peripherals is a Mainboard IPO with a book-built issue of Rs. 600 crores, with fresh issuance of ~1.93 crore shares. The IPO will open from 7th February to 9th February 2024, allotment is expected to be done on 12th February, and it will be listed on BSE and NSE on 14th February 2024. The price band is ₹295 to ₹311 per share, with a minimum lot size of 48 shares, and a minimum investment amount of ₹14,928. The book-running lead managers are JM Financial and ICICI Securities. Link Intime Private is the registrar for the issue.
The net proceeds from the issuance of 19,292,604 Equity Shares (worth Rs 600 cr) will be utilized to repay debt (Rs 326 cr), fund working capital requirements (Rs 220 cr), and rest of the funds (Rs 54 cr) have been kept for General Corporate Purpose.
About Rashi Peripherals Ltd IPO
Rashi Peripherals was established in 1898 and is one of the leading and fourth largest players in the distribution business of information and communication products (ICT) in India for global technology brands. As of September 30, 2023, the company serves as the national distributor for 52 global technology brands/OEMs and has an extensive network of 50 branches and 63 warehouses across India. The company has an ecosystem of 8657 distributors for 10,508 SKUs across 680 locations in 28 states in India. Apart from the distribution of IT products, the company also offers value-added services which include pre-sales, technical support, marketing services, credit solutions, and warranty management services.
Rashi Peripherals Ltd IPO Financials
Particulars (in Cr) | H1 FY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 5,469 | 9,454 | 9,313 | 5,925 |
Operating Expenses Annual | 5,308 | 9,201 | 9,017 | 5,717 |
Operating Profit Annual | 166 | 268 | 305 | 215 |
Depreciation | 9 | 17 | 12 | 8 |
Interest Annual | 54 | 86 | 54 | 29 |
Tax Annual | 31 | 41 | 57 | 43 |
Net Profit Annual | 72 | 123 | 183 | 136 |
Total Share Holder Funds | 773 | 700 | 575 | 394 |
Fixed Asset Annual | 56 | 54 | 58 | 52 |
Total Non Current Asset | 121 | 125 | 119 | 97 |
Total Current Asset | 3,938 | 2,673 | 2,552 | 1,497 |
Total Asset Annual | 4,059 | 2,799 | 2,670 | 1,594 |
Book Value Per Share | ₹ 184.94 | ₹167.56 | ₹137.63 | ₹ 94.34 |
ROE | 10.35% | 19.33% | 37.56% | 39.69% |
ROCE | 7.22% | 14.21% | 20.13% | 23.46% |
Total Debt To Total Equity | 1.82 | 1.53 | 1.52 | 1.23 |
EBIDTA | 3.03% | 2.83% | 3.28% | 3.63% |
Cash From Operating | -286 | -115 | -315 | -110 |
Cash From Investing | -2 | -4 | -6 | -1 |
Cash From Finance | 272 | 108 | 338 | 134 |
Net Cash Flow | -16 | -11 | 16 | 24 |
Promoter's Holding
Total Share Capital
Offered to Public
Promoter’s Holding(Pre-Issue)
Promoter’s Holding(Post-Issue)
Rashi Peripheral Ltd. IPO launches on 7th February 2024, and ends on 9th February 2024.
Rashi Peripherals is a Mainboard IPO with a book-built issue of Rs. 600 crores, with fresh issuance of ~1.93 crore shares.
The price band is ₹295 to ₹311 per share, with a minimum lot size of 48 shares, and minimum investment amount of ₹14,928. The book running lead managers are JM Financial and ICICI Securities. Link Intime Private is the registrar for the issue.
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