Founded in 1989, Rashi Peripherals Limited is a company that brings global technology brands to India, specializing in products related to Information and Communication Technology (ICT). They offer various services like pre-sales assistance, technical support, marketing, credit solutions, and warranty management.
The company operates in two main areas:
- Personal Computing, Enterprise, and Cloud Solutions (PES): This includes devices for personal computing, enterprise solutions, embedded designs/products, and cloud computing.
- Lifestyle and IT Essentials (LIT): This involves distributing components like graphics cards, CPUs, and motherboards, storage and memory devices, lifestyle peripherals and accessories such as keyboards, mice, monitors, and gaming accessories, power devices like UPS and inverters, and networking and mobility devices.
Rashi Peripherals’ clients include renowned companies like ASUS, Dell, HP, Lenovo, Logitech, NVIDIA, Intel, Western Digital, and LG Electronics, among others.
As of September 30, 2023, the company serves as the national distributor for 52 global technology brands, with a widespread presence across India through 50 branches and 63 warehouses. They have 8,657 distributors across 680 locations in 28 States and Union Territories.
As of the same date, Rashi Peripherals had 1,433 employees, with 549 in the sales and marketing team and 64 in the technical support team.
Key Points Regarding Rashi Peripherals IPO
| IPO Date | February 7, 2024 to February 9, 2024 |
| Price Band | ₹295 to ₹311 per share |
| Face Value | Rs 5 per share |
| Lot Size | 48 Shares |
| Total Issue Size | 19,292,604 shares (aggregating up to ₹600.00 Cr) |
| Listing Date | Wednesday, February 14, 2024 |
| Listing At | BSE, NSE |
Rashi Peripherals IPO Details:
- Book Built Issue: Rs 600.00 crores
- Fresh Issue: 1.93 crore shares
- Subscription Dates:
- Opens: February 7, 2024
- Closes: February 9, 2024
- Allotment Date:
- Expected: Monday, February 12, 2024
- Listing:
- BSE, NSE
- Tentative Listing Date: Wednesday, February 14, 2024
- Price Band:
- ₹295 to ₹311 per share
- Application Details:
- Minimum Lot Size: 48 Shares
- Retail Investors: Minimum Investment of ₹14,928
- For sNII (Non-Institutional Investors):
- Minimum Lot Size: 14 lots (672 shares)
- Minimum Investment: ₹208,992
- For bNII (Non-Institutional Investors):
- Minimum Lot Size: 67 lots (3,216 shares)
- Minimum Investment: ₹1,000,176
Rashi Peripherals Limited Financial Information
Rashi Peripherals Limited saw a slight increase of 1.58% in revenue, but experienced a significant drop of -32.42% in profit after tax (PAT) from the financial year ending on March 31, 2022, to March 31, 2023. (Amount in ₹ Crore)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,058.64 | 2,798.60 | 2,669.76 | 1,594.39 |
| Revenue | 5,473.27 | 9,468.95 | 9,321.92 | 5,930.24 |
| Profit After Tax | 72.02 | 123.34 | 182.51 | 136.35 |
| Net Worth | 772.74 | 700.12 | 575.07 | 394.19 |
| Reserves and Surplus | 686.24 | 760.36 | 557.84 | 395.99 |
| Total Borrowing | 1,395.20 | 1,065.76 | 881.74 | 488.99 |
Contact Details
Rashi Peripherals Limited
Ariisto House, 5th Floor, Corner of Telli Gall
Andheri (E)
Mumbai 400 069
Phone: +91 22 6177 1771/72
Email: [email protected]
Website: https://www.rptechindia.com/
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