Rashi Peripherals Limited IPO
Rashi Peripherals Limited IPO
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The Initial Public Offering of Rashi Peripherals Limited's culminated in its successful listing on 14-02-2024 at the NSE, BSE trading platform. The company secured 1,92,92,604 Shares through this capital market exercise, with 1,92,92,604 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹295 to ₹311, with minimum investment requirements of 48 shares. The subscription period from 07-02-2024 to 09-02-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 12-02-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rashi Peripherals IPO About Company
Rashi Peripherals Limited is a major Indian distributor of global technology brands, providing a wide range of ICT products along with value-added services such as pre-sales support, technical help, marketing assistance, credit facilities, and warranty management. The company partners with leading brands like ASUS, Dell, HP, Lenovo, Logitech, NVIDIA, Intel, Western Digital, Schneider Electric, Eaton, LG, and Toshiba, and as of September 30, 2022, it served as the national distributor for 48 global brands. Its revenue has grown rapidly, rising from ₹39,344.82M in Fiscal 2020 to ₹93,134.38M in Fiscal 2022, with ₹50,238.09M recorded in the first half of 2022. With a strong national footprint of 50 branches, 50 service centers, 62 warehouses, and 8,657 channel partners across 730 locations, the company maintains a wide and efficient distribution network. As of September 30, 2022, Rashi Peripherals employed 1,322 people, including dedicated sales, marketing, and technical support teams that contribute to its nationwide reach and customer service.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rashi Peripherals IPO Strength Factors
- Strong Nationwide Presence: With a Pan-India network and multi-channel distribution, the company ensures broad market reach and accessibility.
- Leading ICT Distributor: Recognized as a fast-growing and prominent distribution partner for Information and Communication Technology (ICT) products in India.
- Diverse Product Portfolio: Offers a wide range of products and solutions, catering to various customer needs and preferences.
- Trusted Industry Partnerships: Long-standing relationships with top global technology brands showcase the company’s credibility and reliability.
- Stable & Scalable Operations: A strong financial and operational track record reflects stability, while its scalable business model and advanced technology infrastructure support efficiency and growth.
- Experienced Leadership: Backed by seasoned promoters and a skilled senior management team, ensuring strategic decision-making and operational excellence.
Rashi Peripherals IPO Risk Factors
- Low Gross Margins: Maintaining profitability can be challenging, requiring effective cost management strategies.
- Negative Cash Flows: Difficulty in generating operational cash may impact liquidity and financial stability.
- Brand Dependency Risks: Reliance on global technology brands exposes the company to potential changes in brand strategies and market shifts.
- Competitive Industry Challenges: Operating in a highly competitive market increases risks like pricing pressures, market share loss, and technological obsolescence, demanding constant adaptation and innovation.
- Declining EBITDA Margins: Profitability pressures highlight the need for enhanced operational efficiency and cost optimization.
Rashi Peripherals IPO Lead Manager(s)
- Jm Financial Limited
- ICICI Securities Limited
Rashi Peripherals IPO Promoter(s)
- Krishna Kumar Choudhary
- Sureshkumar Pansari
- Kapal Suresh Pansari
- Keshav Krishna Kumar Choudhary
- Chaman Pansari
- Krishna Kumar Choudhary (HUF)
- Suresh M Pansari HUF
Rashi Peripherals IPO FAQs
Rashi Peripherals Limited IPO subscribed 62.95 times. The public issue subscribed 11.01 times in the retail category,151.45times in QIB, and 74.51 times in the HNI (10+) category byNovember 20, 2025 9:45:56 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rashi Peripherals IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rashi Peripherals IPO FAQs
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