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Rashi Peripherals IPO
Price Band
₹295.0–311.0
Issue Size
₹600.0 Cr
Lot Size
48 shares
Min Investment
₹14,928
GMP
+₹34.0 (10.93%)
Issue Price
₹311.0
Subject to Sauda
₹1200
Paid only if allotted
Rashi Peripherals IPO AI Summary
- Rashi Peripherals IPO is listed on BSE, NSE in the Computers Hardware & Equipments sector.
- Price band: ₹295.0–₹311.0 per share, lot size 48 shares (min. investment ₹14,928).
- Subscription window: 07 Feb–09 Feb 2024, listing on 14 Feb 2024.
- Current GMP is +₹34.0 (10.93%), an estimated listing price of ₹345 — unofficial and can change daily.
Rashi Peripherals Limited is a key player in the distribution of ICT products in India, with a broad client base and a strong distribution network. The company is currently in the process of an IPO, with an issue price of ₹311.0 and a focus on reducing debt and funding working capital.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rashi Peripherals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 09 Feb 2024 — not a current signal.
9 of 11 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rashi Peripherals IPO Grey Market Premium (GMP) Today
GMP
+₹34.0
GMP %
+10.93%
Est. Listing
₹345.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 1989, Rashi Peripherals Limited is a company that distributes global technology brands in India. They specialize in products related to ICT or Information and Communication Technology. The company's service offerings include value-added services such as pre-sales, technical support, marketing services, credit solutions and warranty management services. The company has two business verticals: Personal computing, enterprise and cloud solutions (PES): This includes personal computing devices, enterprise solutions, embedded designs/products and cloud computing. Lifestyle and IT essentials (LIT): This includes the distribution of products such as (i) components such as graphics cards, central processing units (CPUs) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power devices such as UPS and inverters; and (v) networking and mobility devices. The company's clients include ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA Corporation, Intel Americas, Inc., Western Digital (UK) Limited, Schneider Electric IT Business India Private Limited, Eaton Power Quality Private Limited, ECS Industrial Computer Co. Ltd., Belkin Asia Pacific Limited, TPV Technology India Pvt Ltd., LG Electronics India Private Limited, and Toshiba Electronic Components Taiwan Corporation, among others. As of September 30, 2023, Rashi Peripherals is the national distributor for 52 global technology brands and has 50 branches, and 63 warehouses across India, with 8657 distributors across 680 locations in 28 States and Union Territories in India. As at September 30, 2023, the company had 1,433 employees, including 549 employees in the sales and marketing team and 64 employees in the technical support team.
Company Financials (₹ Cr)
As of 2023-09-30
| 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 |
| Total Income | 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 |
Key Ratios
EPS
₹26.46
NAV
₹167.56
ROE
19.33%
ROCE
14.21%
RoNW
17.60%
P/B Value
1.86
P/E Ratio
11.75
Market Cap
₹2049.48 Cr
PAT Margin
1.30%
Debt/Equity
1.53
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Redington (india) Ltd. | 88.63 | 20.1% | 9.92 | 17.82 | 17.81 |
| Rashi Peripherals Limited This IPO | 167.56 | 17.6% | — | 29.5 | 29.5 |
Promoters
Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF) and Suresh M Pansari (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company 326.00 2 Funding working capital requirements of the Company 220.00 3 General corporate purpose 8.14
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹9,468.95 Cr for the year ending 31 Mar 2023, which decreased to ₹5,473.27 Cr by 30 Sep 2023. This decline is notable as the latter figure represents a 9-month period, not a full fiscal year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹123.34 Cr for the year ending 31 Mar 2023, which fell to ₹72.02 Cr by 30 Sep 2023. Similar to the revenue analysis, this is a 9-month figure and not directly comparable to the previous full year.
Valuation
At the issue price of ₹311.0, Rashi Peripherals Limited's implied P/E ratio is approximately 11.75, compared to peers like Redington (India) Ltd., which has a P/E of 9.92.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of how much a stock might list above or below its issue price. A positive GMP suggests that the stock is expected to list at a higher price than its issue price, while a negative GMP indicates the opposite. It is important to note that GMP is not a guarantee of actual listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment strategy. Factors such as market conditions, company fundamentals, and personal financial goals should be considered.
Who May Want to Wait
Investors who prefer stable investments with predictable returns may want to avoid IPOs like this, which can be subject to significant price fluctuations in the initial trading period.
Listing Gains — The Risk
Listing gains refer to the potential profit made when an IPO stock is sold on its first day of trading, often influenced by market demand and overall sentiment. However, investing in IPOs carries risks, including the possibility that the stock may not perform as expected on the listing day or thereafter.
This evaluation is generated from Rashi Peripherals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rashi Peripherals IPO GMP today?
Rashi Peripherals IPO GMP today is +₹34.0 (10.93%), indicating an estimated listing price of ₹345. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Rashi Peripherals IPO?
The price band of Rashi Peripherals IPO is ₹295.0–₹311.0 per share.
When does Rashi Peripherals IPO open and close?
Rashi Peripherals IPO opens on 07 February 2024 and closes on 09 February 2024.
When does Rashi Peripherals IPO list on the stock exchange?
Rashi Peripherals IPO listed on 14 February 2024 at ₹345.0.
What is the lot size for Rashi Peripherals IPO?
The lot size for Rashi Peripherals IPO is 48 shares, requiring a minimum investment of ₹14,928.
What is the price band for the Rashi Peripherals IPO?
The price band for the Rashi Peripherals IPO is ₹295.0 to ₹311.0.
What is the minimum investment required?
The minimum investment required is ₹14,928.0.
What is the lot size for this IPO?
The lot size for the Rashi Peripherals IPO is 48 shares.
When is the IPO open for subscription?
The IPO is open for subscription from February 7, 2024, to February 9, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 Feb 2024
Close
09 Feb 2024
Allotment
12 Feb 2024
Listing
14 Feb 2024
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