Rashi Peripherals Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹311
Per ShareLot Size
48 Shares
Minimum Investment
₹14,928
Issue Size
₹600 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Rashi Peripherals Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
57.55%
Issue Type
Book Building
ISIN
INE0J1F01024
About the Company
Rashi Peripherals Limited is among the leading technology integrated national distribution partners for global technology brands in India for information and communications technology products in terms of revenues and distribution network in Fiscal 2023. The Company is also one of the fastest growing national distribution partners for global technology brands in India in terms of revenue growth between Fiscal 2021 and Fiscal 2023. The Company offers end-to-end services such as pre-sale activities, solutions design, technical support, marketing services, credit solutions and warranty management services.
Industry Overview
Globally, the electronics and information and communications technology products market is expected to grow at a CAGR of 14% between 2020 and 2025 and is projected to cross USD 350 billion in sales by 2025. Information technology spending in India is projected to reach a value of approximately USD 136 billion by 2025 growing at a CAGR of 10%. Non-metro cities and other rural geographies are becoming centre of consumptions for information technology products like personal computers, smartphones, internet devices, networking devices and hence there is requirement for information and communications technology distributors and resellers having pan India presence.
Company History
Rashi Peripherals Limited was incorporated as "Rashi Peripherals Private Limited" at Mumbai, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 15, 1989 issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). The Company became a deemed public limited company under Section 43A of the Companies Act, 1956 and the word `private' was deleted with effect from July 1, 1997, and then the Company once again became a private limited company with effect from October 29, 2001. Subsequently, the Company changed its name and was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on July 29, 2022 and consequently, a fresh certificate of incorporation dated August 4, 2022 was issued by the RoC to the Company under its present name, Rashi Peripherals Limited.
Products & Services
- Rashi Peripherals Limited is among the leading technology integrated national distribution partners for global technology brands in India for information and communications technology products.
Growth Strategy
- Increase wallet share with global technology brands for its existing portfolio.
- Diversify its product and solutions offerings and focus on emerging digitization trends.
- Grow its portfolio of global technology brands.
- Deepen penetration across India and widen channel network.
- Further leverage technology and digital infrastructure to drive enhanced upselling, cross selling and improve efficiencies.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 19,292,604 equity shares* of face value of Rs. 5 each ("Equity Shares") of Rrashi Peripherals Limited (The "Company" or the "Issuer") for cash at a price of Rs. 311 per equity share including a share premium of Rs. 306 per equity share (the "Offer Price") aggregating up to Rs. 600.00 crores** (the "Offer"). The offer will constitute 29.28% of the post-offer paid-up equity share capital of the company. *Subject to finalisation of the basis for allotment. **The company, in consultation with the brlms, has undertaken a pre-ipo placement of equity shares aggregating to Rs. 150.00 crores. The size of the fresh issue has been reduced by Rs. 150.00 crores pursuant to the pre - ipo placement. Accordingly, the revised fresh issue size is up to Rs. 600.00 crores.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- The Company is a leading and the fastest growing Indian distribution partner for information and communications technology products having all the leading brands/OEMs as compared to other leading ICT distributors in India.
- The Company is present pan-India and has multi-channel distribution footprint backed by dedicated in-house infrastructure.
- The Company has long term relationships with marquee global technology brands supported by its committed strategy on engagement with customers.
- The Company has a diversified and comprehensive product portfolio and offer additional solutions.
- The Company has a scalable business model supported by advanced technology stack.
- The company is dependent on various vendors, who are global technology brands, for the products its distribute. Any delay or failure on part of such global technology brands to supply products may materially and adversely affect its business, profitability and reputation.
- The company's business is dependent on global technology brands effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new information and communications technology products at regular intervals.
- If the company is unable to maintain its relationships with it Channel Partners or customers or if any of these parties change the terms of their arrangements with it, The company business could be materially and adversely affected.
- The company is reliant on its relationships with certain online marketplaces and disruptions to such relationships or changes in their business practices, may adversely affect its business and the company financial condition, results of operations and cash flows.
- The company could be subject to product liability claims, which may have a material adverse impact on it.