Rashi Peripherals Limited IPO: Plugging into India’s Tech Growth Story 2024

Rashi Peripherals Limited IPO:

Rashi Peripherals Limited (RPL), India’s biggest national distributor of global technology brands, is to make its much-anticipated Initial Public Offering (IPO) on February 7, 2024.

This 600 crore IPO promises to be a big event in the Indian tech sphere, giving investors the opportunity to participate in the growth of a well-known business. Let’s go into the specifics of the Rashi Peripherals IPO, such as the date, price, allotment details, and essential factors to consider before investing.

IPO Details:

• Issue Dates: February 7, 2024 – February 9, 2024
• Issue Size: ₹600 Crore
• Price Band: ₹295 – ₹311 per share
• Minimum Investment: ₹14,160 (for 48 shares)
• Lot Size: 48 Shares
• Book Running Lead Managers: JM Financial Limited, ICICI Securities Limited
• Registrar: Link Intime India Private Limited
• Listing: BSE & NSE (tentative date: February 14, 2024)

Key Considerations:

• RPL has a diversified portfolio of over 250 brands, including industry leaders like Apple, Microsoft, HP, and Lenovo. This strong brand association enables the corporation to capitalise on India’s expanding demand for technology items.
• Extensive Distribution Network: RPL has a strong pan-India distribution network of over 8,500 channel partners, ensuring broad reach and market access. This network is critical to meeting the increased demand in tier 2 and tier 3 cities.
• Experienced Management: The company’s leadership team has vast experience in the technology business, allowing them to efficiently manage the ever changing market scenario.
• Financials: In recent years, RPL has shown continuous financial performance, with strong revenue and profit growth. Investors should, however, carefully examine the company’s financials and future prospects before making an investment decision.
• Market Conditions: An IPO’s performance is heavily influenced by the current market attitude. Before investing, investors should assess the overall market conditions as well as their own risk tolerance.

Allotment and Listing Details:

The allotment of shares for the Rashi Peripherals IPO will be completed on February 12, 2024. Investors can check the allotment status on the stock exchange and registrar’s websites after this date. The shares are tentatively scheduled to be listed on both the BSE and NSE on February 14, 2024.

Conclusion:

The Rashi Peripherals IPO provides an opportunity for investors to participate in the expansion of a well-known leader in the Indian technology distribution market. Before making an investment decision, it is critical to carefully analyse the company’s finances, market conditions, and risk tolerance. Investors should undertake their own research and due diligence before participating in the IPO.