Rashi Peripherals IPO: Retail investors can bid for at least 48 shares.
The IPO will open for subscription on February 7, 2024 and will close on February 9, 2024.
Laci Peripherals IPO: Subscription for the initial public offering (IPO) of Rashi Peripherals, a distributor of information and communication technology (ICT) products, began on Wednesday, February 7. The bidding period will run for three days until February 9th.
Volrado Venture Partners Fund-III-BETA and prominent investor Madhuri Madhusudan Kela (spouse of ace investor Madhusudan Kela) invested Rs 100 crore and Rs 50 million respectively in pre-IPO investments.
Rashi Peripherals IPO Date
The IPO will open for subscription on February 7, 2024 and will close on February 9, 2024.
Rashi Peripherals IPO: Offer Details
The company aims to raise Rs 600 crore through this issue and up to 50% of the issue size is earmarked for qualified institutional buyers (QIBs). The remaining portion is allocated 15% to high-net-worth individual investors and 35% to individual investors.
Rashi Peripherals IPO Price Band
The price range for the offering has been set at Rs 295-311 per share.
Laci Peripherals IPO GMP
Currently, the shares of Rashi Peripherals are trading at a premium of Rs 79 in the unlisted market.
However, it is important to emphasize that the gray market premium is merely an indicator of how a company's stock price is positioned in the private market and is vulnerable to rapid changes.
Rashi Peripherals IPO Purpose
The funds raised through the offering will be utilized to advance or schedule repayment of certain outstanding borrowings, meet working capital needs and achieve general corporate objectives.
Rashi Peripherals IPO Lot Size
Retail investors can bid for as little as 48 shares and in multiples of 48 thereafter. As a result, the minimum investment amount for retail investors is Rs 14,160. At the upper limit, the bid increases to Rs 14,928.
Rashi peripherals IPO listing date
Rashi Peripherals IPO will be listed on both BSE and NSE and the tentative listing date is set for Wednesday, February 14, 2024.
Rashi Peripherals: About Us
Established in 1989, Rashi Peripherals Limited is an Indian distributor of international technology brands with a focus on Information and Communication Technology (ICT) products. The company provides value-added services such as pre-sales support, technical support, marketing, credit solutions and warranty management services.