Rashi Peripherals (MAINBOARD)
Feb 7, 2024 - Feb 9, 2024
| Price | ₹295 - ₹311 |
| Premium | ₹34 |
|---|---|
| Lot size | 48 |
| Allotment | Feb 12, 2024 |
| Listing | Feb 14, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 48 | 14928 | 140675 |
| sHNI | 14 | 672 | 208992 | 1435 |
| bHNI | 67 | 3216 | 1000176 | 2871 |
Last Updated as on 09-Feb-2024 17:57:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3858520 | 584390736 | 151.45 |
| HNIs | 2893891 | 191443488 | 66.15 |
| HNIs (10+L) | 1929260 | 143748672 | 74.51 |
| HNIs (2-10L) | 964631 | 47694816 | 49.44 |
| Retail | 6752412 | 74327712 | 11.01 |
| Total | 13504823 | 850161936 | 62.95 |
| Total Application : 935,721 | |||
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹63.23 | @8% ₹72.26 | @9% ₹81.3 | @10% ₹90.33 | @11% ₹99.36 | @12% ₹108.4 |
| Big HNI (10+L) Cost per lot (7 Days) |
|---|
| Assuming fix interest of ₹2000 per application Big HNI (10+L) costing for every 1 lot allotment is ₹29804 |
Established in 1989, Rashi Peripherals Limited has positioned itself as a leading distributor of global technology brands in India, specializing in products within the Information and Communication Technology (ICT) sector. The company prides itself on offering a comprehensive range of services, including pre-sales support, technical assistance, marketing services, credit solutions, and warranty management services, aimed at enhancing customer satisfaction.
Rashi Peripherals Limited operates through two distinct business verticals:
Personal Computing, Enterprise, and Cloud Solutions (PES): This segment encompasses personal computing devices, enterprise solutions, embedded designs/products, and cloud computing solutions, catering to diverse client needs.
Lifestyle and IT Essentials (LIT): This segment focuses on the distribution of a wide array of products, including components like graphics cards, central processing units (CPUs), and motherboards, as well as storage and memory devices. Additionally, it includes lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearable’s, casting devices, fitness trackers, gaming accessories, power devices like UPS and inverters, and networking and mobility devices.
The company boasts a prestigious client roster, including renowned names like ASUS Global Pvt. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA Corporation, Intel Americas, Inc., and many others.
As of September 30, 2023, Rashi Peripherals serves as the national distributor for 52 global technology brands, with an extensive network comprising 50 branches and 63 warehouses across India. The company's reach extends further with 8,657 distributors spread across 680 locations in 28 States and Union Territories.
With a dedicated team of 1,433 employees, including 549 individuals in the sales and marketing department and 64 professionals in the technical support team, Rashi Peripherals is committed to delivering exceptional service and support to its clients and stakeholders.
Rashi Peripherals IPO Details
| Issue Size | 19,292,604 shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 19,292,604 shares (aggregating up to ₹600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 46,607,061 |
| Share holding post issue | 65,899,665 |
Rashi Peripherals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Rashi Peripherals IPO Lead Manager(s)
- Jm Financial Limited
- ICICI Securities Limited
Key Performance Indicator
| KPI | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| ROE (%) | 19.33% | 37.56% | 39.69% |
| ROCE (%) | 14.21% | 20.13% | 23.46% |
| Debt/Equity Ratio | 1.53 | 1.52 | 1.23 |
| RoNW (%) | 17.60% | 31.66% | 33.07% |
| Basic EPS (in ₹) | 29.50 | 43.57 | 31.20 |
| Diluted EPS (in ₹) | 29.50 | 43.57 | 31.20 |
| P/E | 11.75 | - | - |
| Industry P/E | 9.92 | - | - |
Company Financials
Rashi Peripherals Limited Financial Information (Restated Consolidated)
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 | 30 Sep 2023 | Mar 2023 | Mar 2022 | 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 | 72.02 | 123.34 | 182.51 | 136.35 |
| Net Worth | 772.74 | 700.12 | 575.07 | 394.19 |
| Reserves | 686.24 | 760.36 | 557.84 | 395.99 |
| Borrowing | 1,395.20 | 1,065.76 | 881.74 | 488.99 |
| Amount in ₹ Crore | ||||
- With a Pan-India presence and multi-channel distribution network, the company ensures wide market coverage and accessibility.
- The company holds a prominent position as a leading and rapidly expanding distribution partner for information and communications technology products in India.
- Offering a diversified and comprehensive range of products and solutions, the company caters to varied customer needs and preferences.
- Long-standing partnerships with renowned global technology brands reflect the company's credibility and reliability in the industry.
- A robust financial and operational track record underscores the company's stability and competence in managing its business affairs effectively.
- Its scalable business model, supported by advanced technology infrastructure, facilitates efficient operations and growth potential.
- The company benefits from the expertise of experienced promoters and a professional senior management team, ensuring strategic direction and operational excellence.
Risks :
- Low gross margins pose challenges in maintaining profitability and may necessitate effective cost management strategies.
- Negative cash flows indicate challenges in generating operational cash to cover expenses and investments, potentially affecting liquidity and financial stability.
- Dependency on global technology brands for brand maintenance, promotion, or development exposes the company to the risk of changes in brand strategies or market dynamics.
- Operating in a highly competitive industry increases the risk of pricing pressures, market share erosion, and technological obsolescence, requiring continuous adaptation and innovation.
- Declining EBITDA margin trends signify potential profitability pressures, necessitating measures to enhance operational efficiency and cost-effectiveness.
Rashi Peripherals IPO Lead Manager(s)
- Jm Financial Limited
- ICICI Securities Limited
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rptechindia.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html