Rashi Peripherals Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Rashi Peripheral

CMP

357.00

-1.20 (-0.34%)

  • DRHP
₹311

Offer Price

₹ 600.00 Cr

Issue Size

₹ 14,928

Min Investment

59.71x

Times Subscribed

48

Lot size

Time Line

  • 07
    Feb 2024
    Open
  • 09
    Feb 2024
    Close
  • 12
    Feb 2024
    Finalisation of Basis of Allotment
  • 13
    Feb 2024
    Initiation of Refunds
  • 13
    Feb 2024
    Transfer of Shares to Demat Account
  • 14
    Feb 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • 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.

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.

Strengths

  • 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.

Risks

  • 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.

Company Promoters

Promoters Holding

Issue For IPO
57.55%
Pre Holding

57.55%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 9,313.44 (57.20%) 9,454.28 (1.50%) 17.60 (-)
Gross Profit 9,313.44 (57.20%) 9,454.28 (1.50%) 17.60 (-)
Net Income 9,313.44 (57.20%) 9,454.28 (1.50%) 17.60 (-)
Assets 9,313.44 (57.20%) 9,454.28 (1.50%) 17.60 (-)
Liabilities 9,313.44 (57.20%) 9,454.28 (1.50%) 17.60 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Rashi Peripherals Ltd 9,454.28 123.34 1,777.71 1,077.52 17.60 29.52 167.56 2.62 0.60
Redington Ltd 79,376.78 1,392.56 23,283.21 23,283.21 20.10 17.81 93.32 5.98 0.45

Book Running Managers

  • ICICI Securities Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

5th Floor Ariisto House,
Telli Galli Corner Andheri (E),
Mumbai - 400069
Phone : 91-22-6177 1771/72 Email : investors@rptechindia.com www.rptechindia.com

Offer Related Information

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... More

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