In terms of sales and supply chain for information and communications technology products in Fiscal 2022, Rashi Peripherals limited is among the top value-added national distribution partners for international technology brands in India. (Referring to Technopak Report). Rashi Peripherals IPO will hit the stock market in April 2023.
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About Rashi Peripherals
In terms of revenue growth between the fiscal years 2020 & 2022, they are also among the national distribution partners for international technology firms in India that are expanding the quickest.
From INR 39,344.82 million in 2020 to INR 93,134.38 million in 2022, their revenue from operations increased at a CAGR of 53.85% & was INR 50,238.09 million in the six months ended September 30, 2022.
By providing end-to-end value-added services such pre-sale activities, solutions design, technical support, marketing services, credit solutions, and warranty management services, they set themselves apart from the competition.
They were founded in 1989 and have been distributing ICT products in India for more than 33 years. ICT items were distributed by their company in 293.63 million units.
Business Model
Their pan-India distribution network consists of 62 warehouses, 50 branches that serve as both service and sales locations, and 50 branches. They can reach 730 areas in India through their branches and warehouses. They will be a national distribution partner for 48 international technology brands as of September 30, 2022.
In product areas such personal computer, mobility, enterprise, embedded solutions, components, lifestyle, storage & memory devices, power, and accessories, they serve as a national distribution partner for international technology brands.
They have steadily expanded their portfolio over the years by acquiring fresh, international technology businesses, & they collaborate with them to distribute goods across several categories. They have been doing business with numerous major worldwide technology businesses for more than 14 years.
Products
In Fiscal 2022, they will be a significant participant meeting Indian consumers’ demands in the product categories of processors, graphics cards, & internal storage.
In Fiscal 2022, they will control a sizeable portion of the market in India for products including processors (40%), pendrives (50%), hard drives (27%), keyboards and mouse (20%), monitors (25%), UPS (10%), laptops (10%), desktops (15%), routers (30%), and switches (5%). (Referring to Technopak Report)
Being a major motherboard and graphics card brand’s national distribution partner, they contributed to roughly 46% of the demand for graphic cards and 20% of the demand for motherboards in India in the fiscal year 2022. They had branches in 50 cities that served as both sales and service centres and warehouses.
Rashi Peripherals IPO
Rashi Peripherals Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 750 Crore on 18 January 2023.
The offer includes a fresh issue of INR 740 Crore and there is no offer for sale (OFS) by the promoters mentioned in the DRHP. They are looking for any Pre-IPO placement of 150 crore in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 3,416.13 | 2,669.76 | 1,594.39 | 1,084.91 | |
| Total Revenue | 5,032.36 | 9,321.92 | 5,930.24 | 3,942.14 | |
| Profit After Tax | 67.38 | 182.51 | 136.35 | 38.23 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 9.48 | 9.48 | 3 |
| Financial Year 2021 | 31.20 | 31.20 | 2 |
| Financial Year 2022 | 43.57 | 43.57 | 1 |
| Weighted Average | 33.77 | 33.77 | |
| 30 June 2022 | 16.90 | 16.90 |
Objects of the Issue
- Repayment/prepayment of debt.
- General corporate objectives and organic growth.
Basis of the offer
They feel that the following factors will be used to calculate the Offer Price:
- They are a top-tier distribution partner in India with the quickest rate of expansion for products related to information and communications technology.
- They have an extensive multi-channel distribution footprint supported by dedicated internal infrastructure and are present throughout India.
- They maintain enduring connections with renowned international technology companies, which is made possible by their steadfast approach to customer involvement.
- They provide value-added solutions and have a diverse and extensive product portfolio.
- They have an excellent technology stack supporting a scalable business model.
- They have a history of consistently delivering outstanding financial results and return measures.
- They have a capable senior management team and seasoned promoters.
Rashi Peripherals Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Redington India Limited | 11.09 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2022, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on jaunary 13, 2023 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2022.
Rashi Peripherals IPO Details
| IPO Opening Date | April 2023 |
| IPO Closing Date | April 2023 |
| Issue Type | Book Building |
| Face Value | 5 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 750 Crores |
| Fresh Issue | 750 Crore |
| Offer for Sale | 0 |
Rashi Peripherals IPO Date
Rashi Peripherals Limited IPO opening date is April 2023, and the closing date is April 2023. The Rashi Peripherals issue may list in April 2023.
| IPO Opening Date | April 2023 |
| IPO Closing Date | April 2023 |
| Basis of Allotment Date | April 2023 |
| Initiation of Refunds | April 2023 |
| Credit of Shares to Demat Account | April 2023 |
| IPO Listing Date | April 2023 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 35 | Minimum 1 lot based on availability |
Rashi Peripherals IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Rashi Peripherals IPO.
Rashi Peripherals IPO GMP
Rashi Peripherals Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
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Check Out the GMP of all Other IPOs
Rashi Peripherals Limited IPO Review
Rashi Peripherals Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Rashi Peripherals IPO is good or bad.
Rashi Peripherals IPO Risk
- For the items they distribute, they are reliant on a number of vendors who are well-known international technological companies. The company’s operations, financial performance, cash flow and reputation may be considerably and negatively impacted by any delays or failures by such major global technology brands to supply products.
- Their business may be considerably and negatively impacted if they are unable to retain their connections with customers or channel partners, or if any of these parties alter the conditions of their agreements with them.
- Restrictive covenants may be present in some of their contracts or distribution agreements, and these agreements can often be cancelled without cause, which could have a detrimental effect on their operations, financial situation, cash flow and business.
Other Threats
- They buy inventory in expectation of sales, and if they don’t efficiently manage it during that time, or if the value of the inventory drops, their company and operational outcomes could suffer.
- The COVID-19 pandemic’s current and ongoing effects on their business and operations, including those effects on consumers’ ability or desire to buy the products they distribute, could have a negative impact on their operations, results, financial situation, and cash flows.
- In several legal and regulatory procedures, their Company, Directors, Promoters, and Subsidiaries are currently or may become involved. Any unfavorable ruling in such procedures could significantly harm both parties’ businesses, cash flow, and financial situation.
- A few filings related to transfer of company’s shares cannot be tracked back.
Rashi Peripherals IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Rashi Peripherals IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Rashi Peripherals Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| April 2023 | 1 | |||||
| April 2023 | 2 | |||||
| April 2023 | 3 |
Rashi Peripherals Limited Management
Among their Promoters and the Chairman and Vice-Chairman of our Company, respectively, are Krishna Kumar Choudhary and Sureshkumar Pansari, both of whom have experience in the ICT distribution sector. Over time, their operations have grown as a result of their experience.
They have made it possible for our company to be successfully transferred to Kapal Suresh Pansari, their managing director, and Keshav Krishna Kumar Choudhary, one of their full-time directors. Both of these individuals are second generation promoters & are responsible for their company’s continued growth.
Additionally, their board of directors consists of a mix of management executives and independent members that bring a range of expertise to the table, including that of marketing, technology, credit & tax planning, and business management.
Rashi Peripherals Limited‘ Promoters
- Krishna Kumar Choudhary
- Sureshkumar Pansari
- Kapal Suresh Pansari
- Keshav Krishna Kumar Choudhary
- Chaman Pansari, Krishna Kumar Choudhary (HUF)
- Suresh M Pansari HUF
Principal Shareholders’s Holding
| Pre Issue Share Holding | 64.18% |
| Post Issue Share Holding |
Rashi Peripherals Limited Prospectus
Contact Details
Rashi Peripherals Limited
Ariisto House, 5th Floor
Corner of Telli Galli, Andheri (E),
Mumbai 400 069, Maharashtra, India
Email: [email protected]
Telephone: +91 22 6177 1771/72
Website: www.rptechindia.com
Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083
Maharashtra, India
Tel: + 91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Lead Manager(s)
- JM Financial Limited
- ICICI Securities Limited
We hope we are able to answer all your questions about Rashi Peripherals IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Rashi Peripherals Limited IPO Opening Date?
Rashi Peripherals Limited IPO will open in April 2023.
Rashi Peripherals Limited IPO Listing Date?
Rashi Peripherals Limited IPO will list in April 2023.
Rashi Peripherals IPO GMP Today?
Rashi Peripherals IPO Grey Market Premium is INR 0 .
Rashi Peripherals Limited IPO Allotment Date?
Rashi Peripherals Limited IPO basis of allotment will be in April 2023.
Lot size for Rashi Peripherals Limited IPO?
Lot size for Rashi Peripherals Limited IPO is 0.
