Home / Markets / Ipo /  Rashi Peripherals to raise 750 cr in IPO
Back

MUMBAI : Mumbai-based Rashi Peripherals Ltd on Thursday filed its draft papers with the Securities and Exchange Board of India (Sebi)) to raise up to 750 crore through an initial public offering (IPO).

The company plans to use 400 crore from the IPO proceeds to repay debt and 200 crore to meet working capital needs.

The public issue is completely fresh issue of shares with no offer-for-sale component. The company may consider a private placement of equity shares for up to 150 crore. If such placement is completed, the fresh issue size will be reduced.

Founded in 1989, Rashi Peripherals is a national distribution partner for global technology brands in India. The company distributes products from 48 global technology brands including Asus, HP, Lenovo, Logitech, Nvidia and LG. It has a distribution network of 50 branches, 50 service centres, and 62 warehouses that serve over 8,600 B2B customers in 730 locations.

The company’s cash and cash equivalents were 37.8 crore as at the end of the six-month period that ended on 30 September, 2022.

.

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout