Rashi Peripherals, which was founded in 1986, has a strong presence in the Indian market with a wide range of IT products and solutions. The company has partnerships with several leading technology brands, such as Dell, HP, Lenovo, and Cisco. Rashi Peripherals also has a strong distribution network across India, with a presence in over 1,000 towns and cities.<\/em><\/p>\n\n\n\nThe company has reported a revenue of Rs 5,962 crore for the financial year ending March 2021 and a net profit of Rs. 73.5 crores. The company has grown at a CAGR of 15% over the last 5 years.<\/p>\n\n\n\n
The IPO is expected to be a big boost for the company as it will help it expand its operations and strengthen its market position. It will also provide an opportunity for existing shareholders to exit the company. The company’s listing on the stock exchange will also provide an exit route for the venture capital firms and private equity investors who have invested in the company.<\/p>\n\n\n\n
The timing of the IPO is interesting as the Indian stock markets are on a roll, with the NSE Nifty and the BSE Sensex hitting new all-time highs, making it a good time for companies to go public.<\/p>\n\n\n\n
The IPO is expected to be open for subscription in the coming weeks, and the company is likely to set the price band for the issue in the coming days.<\/p>\n\r\n