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RashiPeripherals IPO

Rashi Peripherals Limited
Start Date07-02-2024
Application Timing10am-5pm
Price Range₹295 - ₹311
Min Qty48
Min. Investment₹14160
Listing Date14-02-2024
Close Date09-02-2024

About Rashi Peripherals Limited

Rashi Peripherals Limited is among the leading national distribution partners for global technology brands in India for information and communications technology (ICT) products. Incorporated in 1989, they have more than 34 years of experience and partner with with 52 leading global brands. They have been instrumental in facilitating the entry of a number of global technology brands in fragmented and unorganised market in India.

Company operates in the following two business verticals: 

• Personal Computing, Enterprise and Cloud Solutions (PES): Under this vertical they distribute 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, CPUs and motherboards (ii) storage and memory devices (iii) lifestyle accessories including keyboard, mice, web cameras, monitors, wearables, casting devices, fitness trackers and gaming accessories (iv) power equipment such as UPS and invertors (v) networking and mobility devices.

Why To Invest in Rashi Peripherals Limited

Leading and fastest-growing distributor of ICT products from global brands in India with over 35 years of presence. The IPO Net Proceeds will be utilised towards repayment of outstanding borrowings and funding the working capital requirements of the company.

Financial Table
YearFY 2021FY 2022FY 2023
Operating Revenue (Rs. Cr)592593139454
Profit After Tax (Rs. Cr)136.3182.5123.3
Strengths And Risks
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Leading Distrbution Partner for ICT: Rashi Peripherals is among the leading technology integrated national distribution partners for global technology brands in India for ICT products. Their revenue from operations grew at a CAGR of 26.32% between FY '21 and '23.
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Pan-India and Multi-channel Distribution: Company has branches in 50 cities that operate as sales and service centers and warehouses, covering 680 locations in 28 States and Union Territories in India through an ecosystem of 8,407 customers, as of September 30, 2023.
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Marquee Global Partners: Company maintains long-term relationships with several marquee global technology brands from whom they procure ICT products for customers. As of September 30, 2023, they served 52 global technology brands.
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Diversified Product Portfolio : Over the years, company has continuously added products across sub-segments like lifestyle, components, networking, personal computing, storage and memory, mobility, enterprise and embedded solutions.
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Partner Dependence: Company's business is dependent on global technology brands effectively maintaining and developing their brands and maintaining standard quality products including launching new information and communications technology products at regular intervals.
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Low Margins: Company's gross margins are low due to intense price competition, which magnifies the impact of variation in revenue, operating costs, bad debts and interest expense on operating results.
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Negative Cash Flows: Company has witnessed negative cash flows in the past, with net cash used in operating activities.
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