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IPO Status: Listed [7th Feb 2024 to 9th Feb 2024]
Rashi Peripherals IPO, a Mainline IPO of ₹600.00 Cr was launced on 07-02-2024 to 09-02-2024 and the shares got listed on BSE, NSE on 14-02-2024.
The public issue of Rashi Peripherals IPO (RPTECH,544119) was offered at ₹311.00 per share and the ipo was listed at ₹339.50. It has delivered listing gain of 9.16%.
As the minimum lot size was 48 shares, the IPO has offered Rs 1368 per lot return on listing.
| IPO Issue Opening Date: | 7th Feb 2024 |
| IPO Issue Closing Date: | 9th Feb 2024 |
| IPO Issue Price: | ₹295.00-311.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹600.00 Cr |
| Fresh Issue: | ₹600.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 89.65% |
| Promoter Holding Post IPO: | 63.41% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544119 |
| NSE Code: | RPTECH |
Get important updates regarding Rashi Peripherals IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Feb 2024 |
| Refunds Initiation* | 13th Feb 2024 |
| Credit of Shares to Demat* | 13th Feb 2024 |
| IPO Listing Date* | 14th Feb 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹295.00-311.00 |
| Market Lot: | 48 Shares |
| 1 Lot Amount: | ₹14928 |
| Min Small HNI Lots(2-10 Lakh): | 672 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3216 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-02-2024 | 311.00 | 34 | 1200/16800 | ₹345 (10.93%) | 14-Feb-2024 9:32 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Rashi Peripherals Limited is a leading national distribution partner for global technology brands in India. The company offers end-to-end value-added services from pre-sale activities to solutions design, technical support, marketing services, credit solutions, and warranty management services as well.
Initially the business started with the manufacturing of peripherals but later transitioned to distribution of ICT (Information and Communication Technology) Products.
The company primarily operates in two verticals; 1. PES (Personal Computing, Enterprise, and Cloud Solutions) i.e., Laptops, Desktops, Routers, Switches, etc. and 2. LIT (Lifestyle and IT essentials) i.e., CPUs, Motherboard, Graphic Cards, Pen Drives, Hard Drives, Monitors, etc. As of Sep 30, 2022, it has one of the largest ICT product distribution networks in India.
As of Sep 30, 2022, it has 50 branches and 62 warehouses. Also, it is a national distribution partner for 48 technology brands including all the leading companies i.e., ASUS, Dell International, HP India, Lenovo India, Logitech Asia Pacific, NVIDIA Corporation, Intel Americas, Western Digital, Schneider Electric, Eaton Power, LG Electronics, Toshiba Electronic, etc.
| Incorporation | Sector | IPO Issue Size | Website |
| 1989 | Trading & Distributors | ₹600.00 Cr | https://www.rptechindia.com/ |
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,858,521 (28.57%) | 2,893,891 (21.43%) | 6,752,411 (50%) | 13,504,823 | |
| 1 | 7th Feb 2024 19:04 | 0.01x | 1.99x | 1.48x | 1.17x |
| 2 | 8th Feb 2024 19:04 | 0.75x | 6.23x | 3.70x | 3.40x |
| 3 | 9th Feb 2024 18:01 | 151.45x | 66.15x | 11.01x | 62.95x |
Rashi Peripherals Limited's revenue increased by 1.58% and profit after tax (PAT) dropped by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,058.64 | 2,798.60 | 2,669.76 | 1,594.39 |
| Revenue | 5,473.27 | 9,468.95 | 9,321.92 | 5,930.24 |
| Profit After Tax | 72.02 | 123.34 | 182.51 | 136.35 |
| Net Worth | 772.74 | 700.12 | 575.07 | 394.19 |
| Reserves and Surplus | 686.24 | 760.36 | 557.84 | 395.99 |
| Total Borrowing | 1,395.20 | 1,065.76 | 881.74 | 488.99 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Rashi Peripherals Limited | 29.5 | 29.5 | 167.56 | 17.6 | Consolidated | |
| Redington (india) Ltd. | 17.82 | 17.81 | 88.63 | 9.92 | 20.1 | Consolidated |
Last Updated on 18-Feb-2024 06:02:52
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Rashi Peripherals IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Rashi Peripherals IPO with Zerodha.
Alternate approch to apply in Rashi Peripherals IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Rashi Peripherals IPO Review and Important Updates
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To subscribe or apply in Rashi Peripherals IPO, you can use the following methods:
| Rashi Peripherals IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Rashi Peripherals IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Rashi Peripherals IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Rashi Peripherals IPO. Most of the Syndicate Banks provide access to apply in Rashi Peripherals IPO via ASBA process. You must have your net banking access, DP ID information to apply in Rashi Peripherals IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Rashi Peripherals IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Rashi Peripherals IPO Review and Important Updates
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Applying in Rashi Peripherals IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Rashi Peripherals IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Rashi Peripherals IPO, please refer article >> Link
Rashi Peripherals IPO Review and Important Updates
Steps to download the online application form for Rashi Peripherals IPO
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Rashi Peripherals IPO is going to be list on 14-02-2024. NSE Code for Rashi Peripherals is RPTECH. BSE Code for Rashi Peripherals is 544119.
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When Rashi Peripherals IPO will be listing? Rashi Peripherals IPO NSE listing date?Rashi Peripherals IPO date of listing.Rashi Peripherals IPO BSE listing date?
Rashi Peripherals IPO Allotment Date is 12-02-2024.
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Rashi Peripherals IPO share allotment date?Rashi Peripherals IPO allotment date?
