Rashi Peripherals IPO: The subscription for the initial public offering (IPO) of Rashi Peripherals, a distributor of information and communications technology (ICT) products, commenced on Wednesday, February 7. The bidding window will remain open for three days, closing on February 9.
Volrado Venture Partners Fund-III-BETA and prominent investor Madhuri Madhusudan Kela, spouse of ace investor Madhusudan Kela, injected Rs 100 crore and Rs 50 crore, respectively, in the pre-IPO placement.
Rashi Peripherals IPO Dates
The IPO will open for subscription on February 7, 2024, and close on February 9, 2024.
Rashi Peripherals IPO: Offer Details
The company aims to raise Rs 600 crore through the issue, with up to 50 percent of the issue size reserved for qualified institutional buyers (QIBs). The remaining portion allocates 15 percent for high-net-worth individuals and 35 percent for retail investors.
Rashi Peripherals IPO Price Band
The pricing range for the offering has been set at Rs 295-311 per share.
Rashi Peripherals IPO GMP
Today in the unlisted market, the shares of Rashi Peripherals are trading at a premium of Rs 79.
However, it’s crucial to emphasise that grey market premiums serve as mere indicators of how the company’s shares are positioned in the unlisted market and are susceptible to swift changes.
Rashi Peripherals IPO Purpose
The funds raised from the offer will be utilised for prepayment or scheduled repayment of specific outstanding borrowings, meeting working capital needs, and fulfilling general corporate objectives.
Rashi Peripherals IPO Lot Size
Retail investors have the option to bid for a minimum of 48 shares, with subsequent bids in multiples of 48. Consequently, the minimum investment by retail investors would amount to Rs 14,160. At the upper limit, the bidding amount would rise to Rs 14,928.
Rashi Peripherals IPO Listing Date
The Rashi Peripherals IPO is scheduled to be listed on both the BSE and NSE, with a tentative listing date set for Wednesday, February 14, 2024.
Rashi Peripherals: About Company
Established in 1989, Rashi Peripherals Limited is an Indian distributor of international technology brands, with a focus on ICT (Information and Communication Technology) products. The company provides value-added services such as pre-sales assistance, technical support, marketing, credit solutions, and warranty management services.
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