Rashi Peripherals IPO: Retail traders have the choice to bid for no less than 48 shares.
The IPO will open for subscription on February 7, 2024, and shut on February 9, 2024.
Rashi Peripherals IPO: The subscription for the preliminary public providing (IPO) of Rashi Peripherals, a distributor of knowledge and communications know-how (ICT) merchandise, commenced on Wednesday, February 7. The bidding window will stay open for 3 days, closing on February 9.
Volrado Venture Partners Fund-III-BETA and outstanding investor Madhuri Madhusudan Kela, partner of ace investor Madhusudan Kela, injected Rs 100 crore and Rs 50 crore, respectively, within the pre-IPO placement.
Rashi Peripherals IPO Dates
The IPO will open for subscription on February 7, 2024, and shut on February 9, 2024.
Rashi Peripherals IPO: Offer Details
The firm goals to lift Rs 600 crore by the difficulty, with as much as 50 p.c of the difficulty measurement reserved for certified institutional patrons (QIBs). The remaining portion allocates 15 p.c for prime-internet-value people and 35 p.c for retail traders.
Rashi Peripherals IPO Price Band
The pricing vary for the providing has been set at Rs 295-311 per share.
Rashi Peripherals IPO GMP
Today within the unlisted market, the shares of Rashi Peripherals are buying and selling at a premium of Rs 79.
However, it’s essential to emphasize that gray market premiums function mere indicators of how the corporate’s shares are positioned within the unlisted market and are inclined to swift adjustments.
Rashi Peripherals IPO PurposeÂ
The funds raised from the provide can be utilised for prepayment or scheduled compensation of particular excellent borrowings, assembly working capital wants, and fulfilling basic company goals.
Rashi Peripherals IPO Lot Size
Retail traders have the choice to bid for no less than 48 shares, with subsequent bids in multiples of 48. Consequently, the minimal funding by retail traders would quantity to Rs 14,160. At the higher restrict, the bidding quantity would rise to Rs 14,928.
Rashi Peripherals IPO Listing Date
The Rashi Peripherals IPO is scheduled to be listed on each the BSE and NSE, with a tentative itemizing date set for Wednesday, February 14, 2024.
Rashi Peripherals: About Company
Established in 1989, Rashi Peripherals Limited is an Indian distributor of worldwide know-how manufacturers, with a give attention to ICT (Information and Communication Technology) merchandise. The firm gives worth-added companies reminiscent of pre-gross sales help, technical help, advertising and marketing, credit score options, and guarantee administration companies.
