Rashi Peripherals’ IPO: February 14, 2024, has been set aside as the listing date for Rashi Peripherals’ initial public offering (IPO). The share price of Rashi Peripherals is scheduled to be listed on both the BSE and NSE, and it will be available for trading on both bourses starting at 10:00 AM on Wednesday.
Stock market experts report that investors responded well to the Rashi Peripherals IPO, with the issue being oversubscribed at 62.95 times on the third and last day of bidding. According to specialists, the book build issue is in a good mood in the secondary market, while the mainboard issue looks to be fully priced when considering its FY24 annualized earnings.
Rashi Peripherals now has one of the biggest ICT product distribution networks in India thanks to its consistent growth over the years in both operations and distribution. Analysts claim that the company expanded its product line to include new international technology brands like Asus, Dell, HP, Lenovo, Logitech, and others. Working with these brands to distribute items across categories also assisted the company in fostering commercial relationships with them.
Prediction for the Rashi Peripherals IPO listing price:
“Rashi Peripherals emerges as one of the partners to bridge the gap for such emerging demand in India, given its diverse marquee suppliers and long-growing customer base,” stated Parth Shah, Research Analyst at StoxBox, about the company’s initial public offering (IPO). As a result, we believe that the business will eventually profit from such a demand environment. Nonetheless, we advise investors who will be allocated shares to benefit from listing gains due to the fiercely competitive business climate and narrow profit margins.
Analysts observed that the spike in product demand was the reason Rashi Peripherals performed well in FY21 and FY22. Despite having a larger top line for FY23, the company reported lower bottom lines because of decreased profits following the peak of the epidemic. Amit Goel, Pace 360’s co-founder and chief global strategist, stated, “Its H1-FY24 performance indicates restoration of trends, and the management is confident of maintaining the earning trends.”
”We expect the Rashi Peripherals IPO to be listed at around 370-380, with a listing gain of around 20%. “Considering its plans, investors may park funds for medium to long-term rewards,” Goel noted. Arun Kejriwal, Founder of Kejriwal Research and Investment Services, predicts allottees will gain between ₹60 to ₹70 per share during the listing process. Rashi Peripherals’ share price could be listed on BSE and NSE between ₹371 and ₹381 per share. However, the stock is projected to generate interest post-listing and may reach ₹400 apiece levels after a successful debut on Dalal Street. Allottees are advised to allow the stock to settle down after listing, stated Kejriwal.
Rashi Peripherals IPO GMP Today.
The Grey Market Premium (GMP) for Rashi Peripherals’ IPO stands at ₹43 per share. Rashi Peripherals share price was trading at a premium of ₹43, according to investorgain.com. The grey market premium reflects investors willingness to pay more than the issue price. The lowest GMP is Re 0, and the highest GMP is ₹85.
Taking into account the upper end of the IPO price band and the current premium in the grey market, it is estimated that Rashi Peripherals will debut with a listing price of ₹354 per share. This figure represents a 13.83 percent increase from the IPO price of ₹311 per share.
