Rashi Peripherals IPO Opens Today: GMP, Review, and Other Details

The initial public offering (IPO) of Rashi Peripherals Limited has commenced today, creating a buzz in the market. The leading global tech brand distributor company has set the price band for the IPO at ₹295 to ₹311 per equity share. The book build issue aims to raise ₹600 crore through the issuance of fresh shares.

Investors can bid for shares of Rashi Peripherals until 9th February 2024, as the public offer remains open for a few more days. The company plans to list the IPO on both NSE and BSE.

In the grey market, shares of Rashi Peripherals are trading at a premium of ₹71 per share today, indicating positive investor sentiment towards the IPO.

With regards to IPO details, one lot of the book build issue comprises 48 company shares. The share allotment process is expected to be finalized by either 10th or 12th February 2024, following the T+3 listing rules.

Link Intime India Private Limited has been assigned the role of the official registrar for the Rashi Peripherals IPO. The listing date is tentative for 14th February 2024.

Analysts have reviewed the IPO and provided their recommendations. Parth Shah, a research analyst at StoxBox, highlighted the increasing demand for ICT products in India, attributing it to the rise in internet connectivity and IT penetration in non-metro cities. He sees Rashi Peripherals as a key player in bridging the gap in this growing market.

Sushil Finance suggests investors apply for the IPO with a long-term view, considering the company’s fully priced valuation and industry PE multiple. Ventura Securities, BP Equities, and Sushil Finance have given a ‘subscribe’ rating to the IPO, indicating their positive outlook.

Axis Capital has not rated the book build issue, while StoxBox recommends subscribing to the IPO for potential listing gains. It cautions investors about the highly competitive market and thin margins in which Rashi Peripherals operates.