Rashi Peripherals GMP Today: Lot Size, Price, and Company Details

Rashi Peripherals is set to launch a ₹600 crore IPO featuring 1.93 crore new shares, open from Feb 7-9, 2024, with a price range of ₹295-₹311 per share. The minimum investment is 48 shares, equivalent to ₹14,928, while the Grey Market Premium (GMP) stands at ₹70.
Rashi Peripherals GMP Today Lot Size, Price, and Company Details

Rashi Peripherals Limited’s IPO consists of a fresh issue of shares worth INR 600 crores. The company plans to repay the borrowings and meet its working capital requirements with the raised funds. The Grey Market Premium (GMP) for Rashi IPO is ₹70.

Rashi Peripherals IPO GMP Today

The Grey Market Premium (GMP) for Rashi IPO is ₹70. This means that Rashi Peripherals’ shares were traded at a price of ₹70 higher than the IPO price in the unofficial grey market.

Rashi Peripherals IPO Price Band 

The price range for Rashi IPO is set between ₹295 to ₹311 per share with a face value of ₹5 each.

Rashi Peripherals IPO Lot Size

The lot size for the Rashi Peripherals IPO consists of 48 equity shares.

Read More: Rashi Peripherals Limited IPO

Rashi Peripherals IPO Date

Rashi Peripherals IPO starts accepting subscriptions on February 7th and closes on February 9th.

About Rashi Peripherals

Rashi Peripherals, a leading ICT distribution partner in India, was recognized in the Fiscal 2022 Technopak Report for its impressive revenue growth from Fiscal 2020 to 2022 and its comprehensive range of value-added services, showcasing its dominant position in the market.

Established in 1989 with over three decades of experience, Rashi Peripherals shifted its focus to ICT product distribution after the IT sector liberalization in 1991. They pioneered the distribution process, distributed a significant 293.63 million units, facilitated the entry of global brands, and maintained an extensive distribution network across India.

Rashi Peripherals operates in two primary sectors: Personal Computing, Enterprise, and Cloud Solutions (PES), where they distribute computing devices and solutions and Lifestyle and IT essentials (LIT), encompassing components, storage, peripherals, power equipment, and networking/mobility devices.

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How To Apply For The Rashi Peripherals IPO

To apply for the Rashi Peripherals IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Rashi Peripherals on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

After the allotment process, check your allotment status to verify share allocation. Applying for the Rashi Peripherals IPO with Alice Blue is quick and straightforward!

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