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Rashi Peripherals Limited IPO (Rashi Peripherals IPO)

Explore the Rashi Peripherals IPO, a Rs 600 crore book-built issue featuring a fresh offering of 1.93 crore shares. With a subscription period from February 7 to February 9, 2024, and tentative listing on February 14, 2024, let’s delve into the key details and prospects of this technology distribution giant.

IPO Details:

The IPO, priced at ₹295-₹311 per share, targets a total issue size of 19.29 million shares. Learn about the minimum lot size, subscription timeline, and allotment date. JM Financial Limited and ICICI Securities Limited lead the IPO, with Link Intime India Private Ltd serving as the registrar.

Company Overview:

Established in 1989, Rashi Peripherals is a leading distributor of global technology brands in India, specializing in Information and Communication Technology (ICT) products.

Financial Snapshot:

Dive into Rashi Peripherals’ financial performance, witnessing a 1.58% revenue increase and a -32.42% drop in profit after tax between March 31, 2022, and March 31, 2023. Evaluate key performance indicators, market capitalization, and post-issue financial projections.

IPO Subscription Status:

As of Day 1, the IPO is subscribed 1.16 times, with retail, NII, and QIB categories showing varied participation. Stay updated on the live subscription status, providing insights into investor sentiment.

Investment Recommendations:

Review expert opinions on whether to subscribe, remain neutral, or avoid the Rashi Peripherals IPO. Delve into brokerage and member recommendations, giving you a comprehensive outlook on the IPO’s potential.