Rashi Peripherals IPO Company Profile:
Rashi Peripherals Limited is among the leading value-added national distribution partners for global technology brands in India for information and communications technology (“ICT”) products in terms of revenues and distribution network in Fiscal 2022. The company is also one of the fastest growing national distribution partners for global technology brands in India in terms of revenue growth between Fiscal 2020 and Fiscal 2022. The company offers end-to-end value-added services such as pre-sale activities, solutions design, technical support, marketing services, credit solutions, and warranty management services.
Rashi Peripherals IPO Business Verticals:
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- Personal Computing, Enterprise, and Cloud Solutions (“PES”): Under this vertical the company distributes 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 that include graphic cards, central processing units (“CPUs”) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories that include keyboard, mice, web cameras, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power equipment such as UPS and invertors; and (v) networking and mobility devices.
Rashi Peripherals IPO Market share (by value) in Fiscal 2022:
| Verticals / Sub-Segments | Market Share* (Percentage to Total Market Share) |
| Personal Computing, Enterprise, and Cloud Solutions (“PES”) | |
| Laptops | 10% |
| Desktops | 15% |
| Routers | 30% |
| Switches | 5% |
| Lifestyle and IT essentials (“LIT”) | |
| CPUs | 40% |
| Motherboard | 20% |
| Graphic Cards | 46% |
| Hard Drives | 27% |
| Pen Drives | 50% |
| Keyboards and Mice | 20% |
| Monitors | 25% |
| UPS | 10% |
Rashi Peripherals IPO
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Rashi Peripherals IPO Revenue from Operations:
| Segment | 6M of FY-23(in cr.) | % | FY-22(in cr.) | % | FY-21(in cr.) | % | FY-20(in cr.) | % | CAGR |
| PES | 2847.73 | 56.68% | 5353.01 | 57.48% | 3346.06 | 56.47% | 1927.17 | 48.98% | 66.7% |
| LIT | 2176.08 | 43.32% | 3960.43 | 42.52% | 2578.99 | 43.53% | 2007.31 | 51.02% | 40.5% |
| Total | 5023.81 | 100.00% | 9313.44 | 100.00% | 5925.05 | 100.00% | 3934.48 | 100.00% | 53.9% |
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CheckRashi Peripherals IPO Allotment Status
Go Rashi Peripherals IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- To Rashi Peripherals IPO Allotment Status
- Go to Application Status
- Select Rashi Peripherals IPO
- Enter your PAN Number or Application Id or DP Client Id.
Rashi Peripherals IPO
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Rashi Peripherals IPO Details:
| IPO Open Date | Not Available |
| IPO Close Date | Not Available |
| Listing Date | Not Available |
| Face Value | ₹5 per share |
| Price | Not Available |
| Lot Size | Not Available |
| Issue Size | [●] shares
(aggregating up to ₹750 Cr) |
| Fresh Issue | [●] shares
(aggregating up to ₹750 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| Promoters | Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF) and Suresh M Pansari HUF |
Rashi Peripherals IPO Financial Analysis:
| Particulars | 6M of FY-23(in cr.) | FY-22(in cr.) | FY-21(in cr.) | FY-20(in cr.) | CAGR |
| Revenue from Operations | 5023.81 | 9313.44 | 5925.05 | 3934.48 | 53.9% |
| Other Income | 8.55 | 8.48 | 5.19 | 7.66 | |
| Cost of Goods Sold | 4776.35 | 8805.69 | 5577.75 | 3710.00 | 54.1% |
| Employee Cost | 66.45 | 114.28 | 78.74 | 75.31 | |
| Other expenses | 53.05 | 96.74 | 58.53 | 62.97 | |
| EBITDA | 136.51 | 305.22 | 215.23 | 93.86 | 80.3% |
| EBITDA margin% | 2.72% | 3.28% | 3.63% | 2.39% | |
| Depreciation | 7.27 | 11.69 | 7.51 | 7.52 | |
| Interest | 39.84 | 53.68 | 28.85 | 35.28 | |
| Profit / (loss) before tax | 89.41 | 239.85 | 178.87 | 51.06 | 116.7% |
| Total tax | 22.03 | 57.34 | 42.52 | 12.83 | |
| Profit / (loss) After tax | 67.37 | 182.51 | 136.35 | 38.23 | 118.5% |
| Profit / (loss) After tax margin% | 1.34% | 1.96% | 2.30% | 0.97% |
Rashi Peripherals IPO Major Shareholders:
| S.NO. | Name of the Shareholder | No. of Shares | % of pre-Offer shareholding |
| 1. | Krishna Kumar Choudhary | 1,296,750 | 3.10% |
| 2. | Sureshkumar Pansari | 5,223,750 | 12.50% |
| 3. | Kapal Suresh Pansari | 3,087,000 | 7.39% |
| 4. | Keshav Krishna Kumar Choudhary | 7,392,000 | 17.69% |
| 5. | Chaman Pansari | 2,394,000 | 5.73% |
| 6. | Krishna Kumar Choudhary (Karta of Krishna Kumar Choudhary (HUF)) | 5,772,753 | 13.82% |
| 7. | Sureshkumar Pansari (Karta of Suresh M Pansari HUF) | 1,652,532 | 3.95% |
| 8. | Manju Suresh Pansari | 5,887,329 | 14.09% |
| 9. | Meena Choudhary | 6,430,242 | 15.39% |
| 10. | Priyanka Kapal Pansari | 67,200 | 0.16% |
| 11. | Gazal Pansari | 2,579,934 | 6.17% |
| Total | 41,783,490 | 99.99% |
Rashi Peripherals IPO Strengths:
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The GoI’s PLI scheme proposes to provide incentives to boost domestic manufacturing and attract large investments in IT hardware value chain with target segments including laptops, tablets, all-in-one PCs, and servers and boost the export market for the same. The National Policy on Electronics emphasised local value-addition and created an enabling environment. Several policies related to manufacturing, such as Make-in-India, attracted the interest of both global and domestic companies.
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Rashi Peripherals Limited distribute a range of ICT products such as personal computing, mobility, enterprise, embedded solutions, components, lifestyle, storage and memory devices, UPS, and accessories, manufactured by global technology brands. The company also distributes cloud computing solutions. The wide variety of products of global technology brands that the company distributes has helped it achieve economies of scale and provide Channel Partners with a single sourcing point.
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Rashi Peripherals Limited supports its logistics and supply operations with its dedicated in-house infrastructure. As of September 30, 2022, its 62 warehouses have stored and distributed 10,195 SKUs. In addition, the company offers just-in-time delivery and leverage in-house logistics and reverse logistics capabilities, as well as real-time inventory tracking, to ensure support for varying customer needs and their ability to meet changing end-user demands.
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Rashi Peripherals Limited also provides advertisements on behalf of global technology brands in technology and consumer media publications and regularly participate in media events. In Fiscal 2022 and the six months ended September 30, 2022, the company received 401 media mentions. As of September 30, 2022, the company had a design, marketing and communications team of 16 employees who drive its pan-India promotional activities.
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Rashi Peripherals Limited’s business model is driven by its branch heads who lead its branches in their respective regions, across the 50 cities in which the company has branches, as of September 30, 2022. The company’s branch heads have autonomy to manage credit terms with customers and manage decision making for their regions. Its structure has allowed it to grow its business across several geographic regions simultaneously while minimizing revenue concentration risk for both vendors and customers.
Rashi Peripherals IPO Risk Factors:
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Rashi Peripherals Limited is dependent on various vendors, who are global technology brands, for the products the company distributes. Any delay or failure on part of such global technology brands to supply products may materially and adversely affect the business, profitability and reputation of the company.
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Rashi Peripherals Limited’s business is dependent on global technology brands effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new information and communications technology products at regular intervals.
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Rashi Peripherals Limited is reliant on its relationships with certain online marketplaces and disruptions to such relationships or changes in their business practices, may adversely affect its business and its financial condition, results of operations and cash flows.
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Certain of Rashi Peripherals Limited’s contracts or distribution agreements may have restrictive covenants and can typically be terminated without cause, which could negatively impact the business, results of operation and financial condition of the company.
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Increasing competition in the information and communications technology products distribution industry may create certain pressures that may adversely affect the business, prospects, results of operations, cash flows and financial condition of the company.
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Rashi Peripherals Limited relies on revenue generated from its lifestyle and IT essentials vertical and its Personal Computing, Enterprise and Cloud Solutions vertical for its sales revenue. Any sudden fall in the revenues from either of these verticals may adversely affect the financial condition and profitability.
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Rashi Peripherals Limited’s Subsidiary, ZNet Technologies Private Limited, is engaged in providing cloud computing services, and its technology and practices may face data privacy and security concerns. Software bugs, security breaches, and attacks on the systems of ZNet Technologies Private Limited could result in the improper disclosure and use of user data and interference with its users and customers’ ability to use its products and services, harming the business operations and reputation of the company
Objects of the Offer:
Rashi Peripherals Limited proposes to utilise the Net Proceeds towards funding the following objects:
- Prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General corporate purposes
Rashi Peripherals IPO Prospectus:
- Rashi Peripherals Limited IPO DRHP- https://www.sebi.gov.in/filings/public-issues/jan-2023/rashi-peripherals-limited_67397.html
- Rashi Peripherals Limited IPO RHP-
Registrar to the offer:
Link Intime India Private Limited
Tel: + 91 22 4918 6200
E-mail: rptechindia.ipo@linkintime.co.in
Investor Grievance E-mail: rptechindia.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Rashi Peripherals IPO FAQ
Ans. Rashi Peripherals IPO will comprise fresh share issue and new offer share issue. The company aims to go public to accelerate its growth and expansion plan.
Ans. The company will open for subscription on <>.
Ans. The minimum lot size that investors can subscribe to is <> shares.
Ans. The TATA Technologies IPO listing date is <>.
Ans. The minimum lot size for this upcoming IPO is <> shares.