Rashi Peripherals IPO
Basic information about the company: In the ever-evolving landscape of Information and Communication Technology (ICT), Rashi Peripherals Limited has emerged as a stalwart distributor of global technology brands in India. Established in 1989, the company has played a pivotal role in providing a spectrum of products and value-added services to its clientele. As Rashi Peripherals gears up for its Initial Public Offering (IPO), let's delve into the intricacies of the company and the opportunities it presents for investors.
Business Verticals: Rashi Peripherals operates within two key business verticals, showcasing its diverse portfolio:
Personal Computing, Enterprise, and Cloud Solutions (PES): This segment encompasses personal computing devices, enterprise solutions, embedded designs/products, and cloud computing services.
Lifestyle and IT Essentials (LIT): Under LIT, the company distributes a range of products, including components like graphics cards, CPUs, and motherboards, as well as lifestyle peripherals and accessories such as keyboards, mice, monitors, wearables, fitness trackers, and gaming accessories.
Clientele: Rashi Peripherals boasts an impressive clientele that includes renowned global entities like ASUS, Dell, HP, Lenovo, Logitech, NVIDIA, Intel, Western Digital, Schneider Electric, LG Electronics, and more. This extensive network highlights the company's credibility and strategic positioning in the market. Objectives of the IPO: The IPO aims to raise funds for specific purposes, including:
Repayment of Borrowings: The company plans to utilize a portion of the net proceeds to prepay or schedule repayments of existing borrowings, showcasing a commitment to financial prudence.
Working Capital Requirements: Another key objective is to fund the working capital requirements of the company, ensuring operational fluidity and responsiveness to market demands.
General Corporate Purposes: The remaining funds will be allocated to general corporate purposes, allowing flexibility for strategic initiatives and potential growth avenues.
Promoter Holding: The promoters of Rashi Peripherals, including Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, and others, currently hold a significant stake of 89.65%. Post the IPO, their holding will reduce to 63.41%, aligning with market norms. Rashi Peripherals IPO Details
Dates: 7 to 9 Feb 2024
Price Band: ₹295 to ₹311 per share
Lot Size: 48 Shares
Total Issue Size: ₹600 Crs
Retail Quota: 35%
GMP: +20% (Only for information)
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