Initial Public Offering of Rashi Peripherals Limited to open on Wednesday 7 February, 2024, price band set at ₹295 to ₹311 per Equity Share

(L- R) Mr. Himanshu Kumar Shah, CFO Mr. Krishna Kumar Choudhary, Chairman, Mr. Kapal Pansari, MD, Mr. Sureshkumar Pansari, Vice-Chairman and Mr. Rajesh Goenka, CEO of Rashi Peripherals Limited (RP Tech) at their IPO announcement at Mumbai

• Price Band of ₹295 – ₹311 per equity share bearing face value of ₹5 each (“Equity Shares”)
• Bid/Offer Opening Date – Wednesday 7 February, 2024 and Bid/Offer Closing Date – Friday 9 February, 2024.
• Minimum Bid Lot is 48 Equity Shares and in multiples of 48 Equity Shares thereafter.
• The Floor Price is 59 times the face value of the Equity Share and the Cap Price is 62.20 times the face value of the Equity Share.

Mumbai, February 2, 2024: Rashi Peripherals Limited (“RP Tech”), among the leading national distribution partners for global technology brands in India for information and communications technology (“ICT”) products in terms of revenues and distribution network in Fiscal 2023 (Source: Technopak Report), has fixed the price band of ₹295 to ₹311 per Equity Share for its initial public offer (“IPO” or “Offer”).  The IPO will open on Wednesday, February 7, 2024, for subscription and close on Friday, February 9, 2024. Investors can bid for a minimum of 48 Equity Shares and in multiples of 48 Equity Shares thereafter.

The issue is entirely a fresh issue of Equity Shares aggregating to ₹ 6,000 million with no offer for sale component.

Out of the net proceeds from the fresh issue, an amount up to ₹ 3,260 million will be used for prepayment or scheduled re-payment of all or a portion of certain outstanding borrowings availed by the Company, up to ₹ 2,200 million will be for funding working capital requirements of the Company and the balance amount from the net proceeds will be utilised for general corporate purposes.

Rashi Peripherals Limited was incorporated in 1989. It is one of the fastest growing distribution partners for global technology brands in India in terms of revenue growth between Fiscal 2021 and Fiscal 2023, according to a Technopak report dated January 19, 2024 mentioned in the red herring prospectus dated January 29, 2024 (“RHP”, and such report, the “Technopak Report”). It differentiates itself by offering end-to-end value-added services such as pre-sale activities, solutions design, technical support, marketing services, credit solutions and warranty management services. As of September 30, 2023, it is a national distribution partner for 52 global technology brands.

It has a pan-India distribution network comprises 50 branches that operate for sales and as service centers and 63 warehouses, covering 680 locations in India, as of September 30, 2023.

The Mumbai-based company is a national distribution partner of global technology brands in product categories such as personal computing, mobility, enterprise, embedded solutions, components, lifestyle, storage and memory devices, power and accessories. It distributes products for global technology brands such as ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA Corporation, Intel Americas, Inc., Western Digital (UK) Limited, Schneider Electric IT business India Private Limited, Eaton Power Quality Private Limited, ECS Industrial Computer Co. Ltd., Belkin Asia Pacific Limited, TPV Technology India Pvt Ltd., LG Electronics India Private Limited, Toshiba Electronic Components Taiwan Corporation, and Harman International (India) Private Limited among others.

RPTech aims to expand its geographic presence in non-metro cities which includes tier I and tier II cities and other rural geographies which are becoming centre of consumptions for ICT products such as personal computers, smartphones, internet devices, networking devices, according to the Technopak Report.

JM Financial Limited and ICICI Securities Limited are the book running lead managers to the Offer.

RHP Link: https://www.sebi.gov.in/filings/public-issues/jan-2024/rashi-peripherals-limited-rhp_80971.html

For other details such as corporate information about RP Tech, the Offer and related details, contact details of book running lead managers, compliance officer of RP Tech, availability of application form and red herring prospectus, please see the statutory advertisement dated February 1, 2024 published in all editions of Financial Express, all editions of Jansatta, and the Mumbai edition of Navshakti.

Disclaimer: RASHI PERIPHERALS LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated January 29, 2024 with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs i.e., JM Financial Limited at www.jmfl.com and ICICI Securities Limited at www.icicisecurities.com, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.rptechindia.com Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section titled “Risk Factors” beginning on page 37 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but can only rely on the information included in the Red Herring Prospectus. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U. S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in “offshore transactions” as defined in and in reliance on Regulation S and the applicable laws of each jurisdictions where such offers and sales are made. There will be no public offering of Equity Shares in the United States.

LISTING: The Equity Shares offered through the RHP are proposed to be listed on BSE and NSE.