₹ 295 - ₹ 311
07-Feb-2024 - 09-Feb-2024
₹ 14928.00



07-Feb-2024 - 09-Feb-2024

₹ 295 - ₹ 311

Price Band

₹ 14928.00

Minimum Investment


Bid Lot



IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 600 Cr

Category % Shares/Amount
QIB 50% 9,646,301 Shares Rs.300.00 Cr
HNI 1 5% 946,631 Shares Rs.30.00 Cr @ 1435 Form 1X
HNI 2 10% 1,929,260 Shares Rs.60.00 Cr @ 2871 Form 1X
Retail 35% 6,752,412 Shares Rs.210 Cr @ 140675 Form 1X

JM Financial, ICICI Securities

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
140675 Form 1X 1435 Form 1X 2871 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 48 ₹ 14,928
Retail (Upto 2 Lakh) 13 624 ₹ 194,064
S-HNI (2 Lakh to 10 Lakh) 14 672 ₹ 208,992
S-HNI (2 Lakh to 10 Lakh) 66 3168 ₹ 985,248
B-HNI (Above 10 Lakh) 67 3216 ₹ 1,000,176

IPO Timeline

  • Open Date

  • Close Date

  • Basis of Allotment Date

  • Initiation of Refunds

  • Credit Shares to Demat A/c

  • IPO Listing Date


Subscription as on
09-Feb-2024 13:31

Category Book Size Subscription No. of Times
QIB 3,858,521 ₹ 120.00 Cr. 46,943,232 ₹ 1459.93 Cr. 12.17x
HNI (<10 LAKH) 946,631 ₹ 29.44 Cr. 25,591,680 ₹ 795.90 Cr. 27.03x
HNI2 (>10 LAKH) 1,929,260 ₹ 60.00 Cr. 69,622,368 ₹ 2165.26 Cr. 36.09x
RETAIL 6,752,412 ₹ 210.00 Cr. 49,155,552 ₹ 1528.74 Cr. 7.28x
Total 13,486,824 191,312,832 14.19x
Category Book Size Subscription No. of Times
QIB 3,858,521 ₹ 120.00 Cr. 46,943,232 ₹ 1459.93 Cr. 12.17x
HNI (<10 LAKH) 946,631 ₹ 29.44 Cr. 25,591,680 ₹ 795.90 Cr. 27.03x
HNI2 (>10 LAKH) 1,929,260 ₹ 60.00 Cr. 69,622,368 ₹ 2165.26 Cr. 36.09x
RETAIL 6,752,412 ₹ 210.00 Cr. 49,155,552 ₹ 1528.74 Cr. 7.28x
Total 13,486,824 191,312,832 14.19x

*Excluding Anchor

Total No. of Application Approx : ~944041 (6.71 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Rashi Peripheral Limited (“RPL”) was incorporated on March 15, 1989. RPL is among the leading value-added national distribution partners for global technology brands in India for information and communications technology (“ICT”) products. RPL has expanded their distribution network across India and as of September 30, 2023, had one of the largest ICT products distribution networks in India.

  • RPL primarily operate the following 2 business verticals:

  • Personal Computing, Enterprise and Cloud Solutions (“PES”): Under this vertical the company distributes personal computing devices, enterprise solutions, embedded designs/ products and cloud computing.

  • Lifestyle and IT essentials (“LIT”): This includes the distribution of products.

  • The company distributes their products primarily through the General Trade, Modern Trade and E-Commerce.

  • Company’s pan-India distribution network comprises 50 branches that operate for sales and as service centres and 63 warehouses, through which they are able to cover 680 locations in India, as of September 30, 2023.

  • As of September 30, 2023, they were a national distribution partner for 52 global technology brands that include ASUS Global Pte. Ltd., Dell International Services India Pvt Ltd, HP India Sales Pvt Ltd, Lenovo India Pvt Ltd, Logitech Asia Pacific Ltd, NVIDIA Corporation, Intel Americas, Inc., Western Digital (UK) Ltd, Schneider Electric IT business India Pvt Ltd, Eaton Power Quality Pvt Ltd, ECS Industrial Computer Co., Ltd., Belkin Asia Pacific Ltd, TPV Technology India Pvt Ltd., LG Electronics India Pvt. Ltd. and Toshiba Electronic Components Taiwan Corporation.

  • Their revenue from operations grew at a CAGR of 26.32% from ?5,925.05 crore in Fiscal 2021 to ? 9,454.28 crore in Fiscal 2023 and was ?5,468.51 crore in the 6 months ended September 30, 2023.

Read More


Competitive Strength 

  • Leading and fastest growing Indian distribution partner for information and communications technology products;

  • Pan-India and multi-channel distribution footprint backed by dedicated in-house infrastructure;

  • Long-term relationships with marquee global technology brands supported by committed engagement strategy with customers;

  • Diversified and comprehensive product portfolio and value-added solutions;

  • Scalable business model supported by advanced technology stack;

  • Experienced Promoters and professional senior management team.

Business Strategies 

  • Increase wallet share with global technology brands for the existing portfolio;
  • Diversify the product and solutions offerings and focus on emerging digitization trends;
  • Grow the 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.

Company Promoters

Krishna Kumar Choudhary is a Promoter, Chairman and Whole-time Director of the company. Sureshkumar Pansari is a Promoter, Vice-Chairman and Whole-time Director of the company. Kapal Suresh Pansari is a Promoter and Managing Director of the company. Keshav Krishna Kumar Choudhary is a Promoter and Whole-time Director of the company. Yazdi Piroj Dandiwala is an Independent Director of the company. Anandkumar Radhakrishna Ladsariya is an Independent Director of the company. Drushti Rahul Des

Company Financials

Rashi Peripherals Limited's revenue increased by 1.58% and profit after tax (PAT) dropped by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.

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
Amount in ? Crore

Objects of the Issue

The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects: 

  1. Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company;
  2. Funding working capital requirements of the Company; and
  3. General corporate purposes

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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